Eight-Unit Multifamily
For Sale
$1,100,000
514 N Imperial Ave, Imperial, CA 92251
Tenant-occupied multifamily asset with updated building systems and two-bedroom residences.
Property Size5,600 SF
Price / SF$196.43
Days on Market60
Property Features for 514 N Imperial Ave
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Road Access
Yes
Amenities
exterior washer/dryer hookups
Building Details
Year Built
1974
Buildings
4
Listing Agency:
Gold Key Real Estate
(442) 204-0928
Listed By:
Amy Volmer · License #01492304
(760) 277-0883
Source:
Exitrealty
Added: Aug 22
Changed: Sep 9
Last Checked: Sep 15 at 5:49AM
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 Gold Key Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property comprises four duplex buildings with eight tenant-occupied units totaling 5,600 square feet. Each residence includes two bedrooms, one bathroom, and exterior washer and dryer hookups. The improvements date to 1974 and feature newer roofs, updated air-conditioning systems, and dual-pane windows.
The property is located at 514 N Imperial Ave in Imperial, California, along the local parade route and the street serving the Imperial Farmers Market. Starbucks, McDonald's, local restaurants, and three schools—Ben Hulse Elementary, Frank Wright Middle School, and Imperial High School—are located within blocks. Showings are by appointment, and occupants should not be disturbed.
The property is located at 514 N Imperial Ave in Imperial, California, along the local parade route and the street serving the Imperial Farmers Market. Starbucks, McDonald's, local restaurants, and three schools—Ben Hulse Elementary, Frank Wright Middle School, and Imperial High School—are located within blocks. Showings are by appointment, and occupants should not be disturbed.
Key Highlights
- Eight total units arranged across four duplex buildings
- Each unit offers 2 bedrooms and 1 bathroom
- 5,600 square feet; improvements built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,124
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,480
$1.0M
Cap Rate 7%
$716,057
$716.1K
Cap Rate 9%
$556,933
$556.9K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$73.9K $13.20/SF
− Vacancy
−$2.3K −$0.41/SF
EGI
$71.6K $12.79/SF
− OpEx
−$21.5K −$3.84/SF
NOI
$50.1K $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 Rate 5%
$1,002,480
Cap Rate 7%
$716,057
Cap Rate 9%
$556,933
Alternative Uses
Best Use
Multifamily LT 5
$716.1K
$626.6K – $835.4K
NOI $50,124 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$663.7K
$580.8K – $774.4K
NOI $46,462 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,994 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 92251, CA
25,851
Population
7,719
Households
3.3
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
247.4 sq mi
ZIP Area
104
Density / Sq Mi
$83,709
Median Household Income
$48,596
Median Earnings
$1,378
Median Rent
$350,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied multifamily asset with updated building systems and two-bedroom residences.
Where is this multifamily property located?
The property is located at 514 N Imperial Ave Imperial, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Eight total units arranged across four duplex buildings; Each unit offers 2 bedrooms and 1 bathroom; 5,600 square feet; improvements built in 1974
