Triplex with Three Separate
For Sale
$499,000
Pending
1025 E 2nd St, Calexico, CA 92231
MULTI_FAMILY - Calexico, CA
Property Size1,872 SF
Lot Size0.16 Acres
Days on Market56
Property Features for 1025 E 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r2
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Directions
East 2nd
Subdivision
530
Standard status
Pending
APN
058-553-009-000
Size
1,872 SF
Lot size
0.16 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1975
Floors in Building
1
Number of units
3
Flooring type
Tile - Ceramic
Listing Agency:
American Group Realtors
(760) 768-8808
Listed By:
Manuel Hernandez · License #01527088
(760) 768-8808
Added: Jun 17
Changed: Aug 2
Last Checked: Aug 11 at 7:06AM
MLS# 26848819IC
Copyright © 2026 Imperial County Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex at 1025 E 2nd St offers three rental units configured as two 2-bedroom, 1-bath homes and one 1-bedroom unit. The property totals 1,872 square feet and was built in 1975. Flooring includes ceramic tile, and the home is equipped with central heating and central air.
The property sits on a 0.162-acre lot and is zoned R-2. It includes multiple bedrooms and bathrooms across the units, including Bedroom 1 through Bedroom 5 and Bathroom 1 through Bathroom 3, supporting flexible tenant arrangements within the building.
With central HVAC and an overall unit mix of two larger two-bedroom units plus one smaller one-bedroom unit, this building can be considered for investors seeking a multi-unit setup or for households looking for multi-family living within one structure.
The property sits on a 0.162-acre lot and is zoned R-2. It includes multiple bedrooms and bathrooms across the units, including Bedroom 1 through Bedroom 5 and Bathroom 1 through Bathroom 3, supporting flexible tenant arrangements within the building.
With central HVAC and an overall unit mix of two larger two-bedroom units plus one smaller one-bedroom unit, this building can be considered for investors seeking a multi-unit setup or for households looking for multi-family living within one structure.
Key Highlights
- Triplex building with three separate units: two 2‑bedroom, 1‑bath and one 1‑bedroom unit
- 1,872 SF triplex built in 1975
- R‑2 zoning and 0.162‑acre lot at 1025 E 2nd St
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,756
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,120
$335.1K
Cap Rate 7%
$239,371
$239.4K
Cap Rate 9%
$186,178
$186.2K
Market Conditions
NOI Build-Up for 1,872 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.7K $13.20/SF
− Vacancy
−$773 −$0.41/SF
EGI
$23.9K $12.79/SF
− OpEx
−$7.2K −$3.84/SF
NOI
$16.8K $8.95/SF
Area
Imperial County, CA
Vacancy
3.13%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$335,120
Cap Rate 7%
$239,371
Cap Rate 9%
$186,178
Alternative Uses
Best Use
Multifamily LT 5
$239.4K
$209.5K – $279.3K
NOI $16,756 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$221.9K
$194.2K – $258.9K
NOI $15,532 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$477.5K
$417.8K – $557.1K
NOI $33,426 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 92231, CA
39,542
Population
11,799
Households
3.4
Avg Household Size
36
Median Age
21%
College-Educated
65%
High-School Grad
68.6 sq mi
ZIP Area
576
Density / Sq Mi
$50,114
Median Household Income
$26,738
Median Earnings
$1,049
Median Rent
$281,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on a 0.162-acre lot in R-2 zoning with central heating and central air.
Where is this triplex located?
The property is located at 1025 E 2nd St Calexico, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Triplex building with three separate units: two 2‑bedroom, 1‑bath and one 1‑bedroom unit; 1,872 SF triplex built in 1975; R‑2 zoning and 0.162‑acre lot at 1025 E 2nd St
