8-Unit Apartment
For Sale
$1,100,000
514 N Imperial Ave, Imperial, CA 92251
Residential Income, Imperial, CA
Property Size5,600 SF
Lot Size0.30 Acres
Price / SF$196.43
Days on Market85
Property Features for 514 N Imperial Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 7, Bedroom 5, Bedroom 11, Bedroom 13, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 10, Bedroom 15, Bathroom 6, Bedroom 9, Bathroom 1, Bathroom 7, Bedroom 1, Bedroom 8, Bedroom 12, Bedroom 14, Bathroom 4, Bedroom 2, Bathroom 8, Bedroom 16
Parking
12
Parking features
Assigned, Covered
Directions
Cross streets are Imperial Ave and 13th St in the City of Imperial
Subdivision
580
Standard status
Active
APN
063-223-004-000
Size
5,600 SF
Lot size
0.30 Acres
Additional Details
Tenant in Place
Yes
Utilities
Heating system
Central
Building Details
Year built
1974
Floors in Building
1
Number of units
8
Flooring type
Linoleum, Carpet
Roof type
Asphalt
Buildings
4
Listing Agency:
Gold Key Real Estate
Listed By:
Amy Volmer · License #01492304
(442) 204-0928
Added: Aug 14
Changed: Nov 4
Last Checked: Nov 6 at 5:06AM
MLS# 26871291IC
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.
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Investment Insights
Based on property information with market context.
This apartment property consists of four duplexes with eight units across 5,600 square feet on a 0.298-acre parcel. Each unit has two bedrooms and one bathroom, along with exterior washer/dryer hookups. Improvements include newer roofs, updated air-conditioning systems and dual-pane windows. The property was built in 1974 and is zoned R3. Covered, assigned parking is provided, and central heating serves the units.
The property is on N Imperial Ave in Imperial, along the local parade route and Farmers Market street. Nearby destinations include Ben Hulse Elementary, Frank Wright Middle School, Imperial High School, restaurants and national retailers. All eight units are tenant-occupied.
The property is on N Imperial Ave in Imperial, along the local parade route and Farmers Market street. Nearby destinations include Ben Hulse Elementary, Frank Wright Middle School, Imperial High School, restaurants and national retailers. All eight units are tenant-occupied.
Key Highlights
- Four duplexes contain eight units across 5,600 square feet
- Each apartment has 2 bedrooms, 1 bathroom and exterior washer/dryer hookups
- 0.298‑acre parcel zoned R3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,462
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,240
$929.2K
Cap Rate 7%
$663,743
$663.7K
Cap Rate 9%
$516,244
$516.2K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$87.4K $15.60/SF
− Vacancy
−$2.9K −$0.51/SF
EGI
$84.5K $15.09/SF
− OpEx
−$38.0K −$6.79/SF
NOI
$46.5K $8.30/SF
Area
Imperial County, CA
Vacancy
3.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,240
Cap Rate 7%
$663,743
Cap Rate 9%
$516,244
Alternative Uses
Best Use
Apartment 5plus
$663.7K
$580.8K – $774.4K
NOI $46,462 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
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
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes two bedrooms, one bathroom and exterior washer/dryer connections.
Where is this apartment building 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: Four duplexes contain eight units across 5,600 square feet; Each apartment has 2 bedrooms, 1 bathroom and exterior washer/dryer hookups; 0.298‑acre parcel zoned R3
