Newly Remodeled Eight-Unit
700 Blair Avenue Calexico, CA 92231
700 Blair Avenue, Calexico, CA, 92231
$1,175,000
For Sale
$1,175,000
Eight residential units, each with two bedrooms and one bath, recently remodeled for updated interiors and rental income.
Property Size4,710 SF
Price / SF$249.47
Days on Market273
Property Features for 700 Blair Avenue
General Information
- Standard status
- Active
- Size
- 4,710 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
American Group
(760) 427-3610
Listed by
Manny Hernandez · License #01253348
(760) 427-3610
Source
Compass
Added: Oct 24, 2025 Updated: Jul 22 at 8:58PM Checked: Jul 22 at 8:58PM
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 American Group
Investment Insights
Based on property information with market context.
This newly remodeled eight-unit multifamily property is offered for sale as a turnkey package. The building consists of eight residential units, and every apartment features a two-bedroom, one-bath layout. Recent updates are described as interior remodels with modern finishes, designed to present a fresh, move-in-ready feel.
The property is located at 700 Blair Avenue in Calexico, CA 92231. According to the provided remarks, the building is currently producing $115,200 in annual income, with a stated cap rate around 8.00%.
Each unit is configured consistently across the building, which can simplify ongoing operations relative to a mixed-unit property, while the recent interior remodels help support the property’s overall presentation.
The property is located at 700 Blair Avenue in Calexico, CA 92231. According to the provided remarks, the building is currently producing $115,200 in annual income, with a stated cap rate around 8.00%.
Each unit is configured consistently across the building, which can simplify ongoing operations relative to a mixed-unit property, while the recent interior remodels help support the property’s overall presentation.
Key Highlights
- 8‑unit multifamily complex with 16 bedrooms total (2‑bed units)
- All units are 2 bedrooms and 1 bath
- Recently remodeled interiors across the units
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 | $73.5k | $15.60 |
| − Vacancy | −$2.4k | −$0.51 |
| EGI | $71.1k | $15.09 |
| − OpEx | −$32.0k | −$6.79 |
| NOI | $39.1k | $8.30 |
4,710 SF · lease $15.60/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$558.3K
$488.5K – $651.3K
NOI $39,078 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,102 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight residential units, each with two bedrooms and one bath, recently remodeled for updated interiors and rental income.
Where is this apartment building located?
The property is located at 700 Blair Avenue Calexico, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 8‑unit multifamily complex with 16 bedrooms total (2‑bed units); All units are 2 bedrooms and 1 bath; Recently remodeled interiors across the units
