Updated Duplex with Coastal
For Sale
$1,249,000
466 Calla Ave, Imperial Beach, CA 91932
Two upgraded residences offer remodeled interiors and flexible indoor-outdoor living.
Property Size2,000 SF
Days on Market61
Property Features for 466 Calla Ave
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi Family Home
Zoning
R-1:SINGLE
Building Details
Building Size
2,000 SF
Year Built
1953
Buildings
1
Stories
1
Units
2
Listing Agency:
eXp Realty of California, Inc.
(858) 829-4069
Listed By:
Robert J Colello · License #01806763
(858) 829-4069
Source:
Americangrouponline
Added: Jun 5
Changed: Aug 3
Last Checked: Aug 3 at 7:21AM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
Built in 1953, this duplex contains two updated two-bedroom units with remodeled kitchens and bathrooms, stainless steel appliances, air conditioning, fireplaces, and private bedroom entrances. A new roof, tankless water heater, and plumbing improvements were completed in 2023. The layout supports separate occupancy, owner use with an additional unit, or rental operations, including stated long-term and short-term rental potential.
The property is located at 466 Calla Ave in Imperial Beach, three blocks from the beach and minutes from the Imperial Beach Pier, restaurants, breweries, shopping, and the Bayshore Bikeway. Outdoor features include a low-maintenance backyard, automatic irrigation, gas connections for a BBQ and future spa, and space for entertaining. A variance has been granted for 2-4 units, while the listed zoning is R-1:SINGLE.
The property is located at 466 Calla Ave in Imperial Beach, three blocks from the beach and minutes from the Imperial Beach Pier, restaurants, breweries, shopping, and the Bayshore Bikeway. Outdoor features include a low-maintenance backyard, automatic irrigation, gas connections for a BBQ and future spa, and space for entertaining. A variance has been granted for 2-4 units, while the listed zoning is R-1:SINGLE.
Key Highlights
- Two updated two‑bedroom units with remodeled kitchens and bathrooms
- Variance granted for 2‑4 units; zoning listed as R‑1:SINGLE
- Plumbing improvements, new roof, and tankless water heater completed in 2023
Financial Insights For Multifamily LT 5
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 | $54.0k | $27.00 |
| − Vacancy | −$2.8k | −$1.40 |
| EGI | $51.2k | $25.60 |
| − OpEx | −$15.4k | −$7.68 |
| NOI | $35.8k | $17.92 |
2,000 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$474.7K
$415.4K – $553.9K
NOI $33,231 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$916.3K
$801.8K – $1.07M
NOI $64,143 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
Business Placement
Demographics for 91932, CA
26,013
Population
10,276
Households
2.5
Avg Household Size
35
Median Age
24%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
6,050
Density / Sq Mi
$79,071
Median Household Income
$41,917
Median Earnings
$1,914
Median Rent
$811,000
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?
Duplex - Two upgraded residences offer remodeled interiors and flexible indoor-outdoor living.
Where is this duplex located?
The property is located at 466 Calla Ave Imperial Beach, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Two updated two‑bedroom units with remodeled kitchens and bathrooms; Variance granted for 2‑4 units; zoning listed as R‑1:SINGLE; Plumbing improvements, new roof, and tankless water heater completed in 2023
