Imperial Beach Sixteen-Unit Apartment
1091 Calla Ave Imperial Beach, CA 91932
1091 Calla Ave, Imperial Beach, CA, 91932
$5,500,000
For Sale
$5,500,000
Sixteen-unit apartment building in thriving Imperial Beach community.
Property Size13,468 SF
Lot Size0.51 Acres
Price / SF$408.38
Days on Market99
Property Features for 1091 Calla Ave
General Information
- Standard status
- Active
- Size
- 13,468 SF
- Lot size
- 0.51 Acres
- Property subtype
- Commercial
Listing Agency
NorthMarq Multifamily
(415) 250-4947
Listed by
Benn Vogelsang · License #01883437
(415) 250-4947
Source
Elliman
Added: Apr 10 Checked: Jul 17 at 5:07 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthMarq Multifamily
Investment Insights
Based on property information with market context.
The property at 1091 Calla Avenue is a sixteen-unit apartment building located in Imperial Beach, a beach community in San Diego County. Constructed in 1978, the structure encompasses 13,468 square feet and is situated on a 22,216 square foot corner lot. The property features four 2-bedroom/1.5-bathroom two-story townhome-style units, eight 2-bedroom/1-bathroom units, and four 1-bedroom/1-bathroom units. There are 25 parking spaces available. Additional income is generated from RUBS/submetering and laundry facilities. The location is near the Pacific Ocean, the Imperial Beach Pier, the US Navy's Silver Strand Special Operations Training Center, eateries, and local parks. The area has a bike score of 59, indicating it is bikeable, a walk score of 84, indicating it is very walkable, and a transit score of 45, indicating some transit options are available.
Key Highlights
- Excellent location in Imperial Beach, near the Pacific Ocean and Imperial Beach Pier
- Sixteen (16) unit apartment building with a mix of unit types
- Well‑maintained property in a growing beach community
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $428.3k | $31.80 |
| − Vacancy | −$21.4k | −$1.59 |
| EGI | $406.9k | $30.21 |
| − OpEx | −$183.1k | −$13.59 |
| NOI | $223.8k | $16.62 |
13,468 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.20M
$2.80M – $3.73M
NOI $223,778 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $431,941 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
M.T.Home
Apartment Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Sixteen-unit apartment building in thriving Imperial Beach community.
Where is this apartment building located?
The property is located at 1091 Calla Ave Imperial Beach, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Excellent location in Imperial Beach, near the Pacific Ocean and Imperial Beach Pier; Sixteen (16) unit apartment building with a mix of unit types; Well‑maintained property in a growing beach community
