Remodeled Eight-Unit Apartment
For Sale
$1,119,000
700 Blair Ave, Calexico, CA 92231
Residential Income, Calexico, CA
Property Size4,710 SF
Price / SF$237.58
Days on Market365
Property Features for 700 Blair Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
42
Bathrooms
21
Full bathrooms
21
Rooms
Bathroom 9, Bathroom 4, Bathroom 14, Bedroom 36, Bathroom 15, Bathroom 19, Bedroom 5, Bedroom 34, Bedroom 31, Bedroom 6, Bedroom 1, Bedroom 11, Bedroom 42, Bathroom 3, Bedroom 9, Bathroom 13, Bathroom 8, Bedroom 39, Bathroom 11, Bedroom 37, Bedroom 10, Bedroom 28, Bedroom 7, Bedroom 14, Bathroom 10, Bathroom 12, Bathroom 21, Bathroom 17, Bedroom 2, Bedroom 20, Bedroom 17, Bedroom 40, Bedroom 24, Bedroom 19, Bedroom 16, Bedroom 21, Bathroom 5, Bedroom 38, Bedroom 15, Bedroom 35, Bathroom 2, Bedroom 4, Bathroom 16, Bedroom 26, Bedroom 27, Bathroom 20, Bathroom 1, Bedroom 8, Bedroom 13, Bathroom 6, Bedroom 41, Bedroom 3, Bedroom 22, Bathroom 7, Bedroom 32, Bathroom 18, Bedroom 33, Bedroom 12, Bedroom 23, Bedroom 29, Bedroom 25, Bedroom 18, Bedroom 30
Parking
8
Directions
East on Blair
Subdivision
IMP CTY-CALEXICO (92231)
Standard status
Active
APN
058-373-006-000
Size
4,710 SF
Additional Details
Tenant in Place
Yes
Building Details
Number of units
8
Listing Agency:
American Group
(760) 768-8808
Listed By:
Manny Hernandez · License #01253348
(760) 427-3610
Added: Oct 27, 2025
Changed: Oct 23
Last Checked: Oct 26 at 7:06PM
MLS# 250042665
Copyright © 2026 San Diego MLS. 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.
Located at 700 Blair Ave in Calexico, California, this 4,710-square-foot apartment building contains eight residential units. Each residence is configured with two bedrooms and one bathroom, providing a consistent unit mix across the property.
The interiors were recently remodeled with modern finishes. The property is identified as a multifamily asset and carries an indicated cap rate around 8.00%. Its unit count, uniform floor plans, and updated condition provide a clear operating profile for a residential income property.
The interiors were recently remodeled with modern finishes. The property is identified as a multifamily asset and carries an indicated cap rate around 8.00%. Its unit count, uniform floor plans, and updated condition provide a clear operating profile for a residential income property.
Key Highlights
- Eight‑unit apartment building at 700 Blair Ave, Calexico, CA 92231
- All units feature a two‑bedroom, one‑bath layout
- 4,710 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,078
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,560
$781.6K
Cap Rate 7%
$558,257
$558.3K
Cap Rate 9%
$434,200
$434.2K
Market Conditions
NOI Build-Up for 4,710 SF
Gross rent
$73.5K $15.60/SF
− Vacancy
−$2.4K −$0.51/SF
EGI
$71.1K $15.09/SF
− OpEx
−$32.0K −$6.79/SF
NOI
$39.1K $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%
$781,560
Cap Rate 7%
$558,257
Cap Rate 9%
$434,200
Alternative Uses
Best Use
Apartment 5plus
$558.3K
$488.5K – $651.3K
NOI $39,078 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,102 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
Demographics for 92231, CA
39,542
Population
11,799
Households
3.4
Avg Household Size
36
Median Age
21%
College-Educated
65%
High-School Grad
68.6 sq mi
ZIP Area
576
Density / Sq Mi
$50,114
Median Household Income
$26,738
Median Earnings
$1,049
Median Rent
$281,600
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?
Apartment building - Eight two-bedroom residences with updated interiors form a compact multifamily asset in Calexico.
Where is this apartment building located?
The property is located at 700 Blair Ave Calexico, CA.
What is the asking price?
The asking price for this property is $1,119,000.
What are key features of this property?
This property features: Eight‑unit apartment building at 700 Blair Ave, Calexico, CA 92231; All units feature a two‑bedroom, one‑bath layout; 4,710 square feet of property size
