R2-Zoned
For Sale
$329,000
Pending
737 Renaud Ct, Calexico, CA 92231
Residential Income, Calexico, CA
Property Size1,732 SF
Days on Market380
Property Features for 737 Renaud Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Subdivision
OUT OF AREA
Directions
From East 2nd St south on Encinas Ave, the property will be on the right side.
Standard status
Pending
APN
058-543-017-000
Size
1,732 SF
Utilities
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1940
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
American Group
(760) 768-8808
Listed By:
Manny Hernandez · License #01253348
(760) 427-3610
Added: Aug 27, 2025
Changed: Sep 2
Last Checked: Sep 10 at 6:06PM
MLS# 250037351
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.
Investment Insights
Based on property information with market context.
This R2-zoned triplex contains 1,732 square feet across three residential units. The configuration includes two two-bedroom, one-bath units and one one-bedroom, one-bath unit, with all units currently rented. Built in 1940, the property features composition roofing and wall/window unit cooling.
The property is located in Calexico near the Mexican border, shopping centers, and schools. Its three-unit layout and established rental occupancy provide a straightforward residential income configuration.
The property is located in Calexico near the Mexican border, shopping centers, and schools. Its three-unit layout and established rental occupancy provide a straightforward residential income configuration.
Key Highlights
- Three‑unit triplex with 1,732 square feet
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- All three units are rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,060
$310.1K
Cap Rate 7%
$221,471
$221.5K
Cap Rate 9%
$172,256
$172.3K
Market Conditions
NOI Build-Up for 1,732 SF
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.
Gross rent
$22.9K $13.20/SF
− Vacancy
−$716 −$0.41/SF
EGI
$22.1K $12.79/SF
− OpEx
−$6.6K −$3.84/SF
NOI
$15.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,060
Cap Rate 7%
$221,471
Cap Rate 9%
$172,256
Alternative Uses
Best Use
Multifamily LT 5
$221.5K
$193.8K – $258.4K
NOI $15,503 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$205.3K
$179.6K – $239.5K
NOI $14,370 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$441.8K
$386.6K – $515.5K
NOI $30,927 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
672
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased units include two two-bedroom residences and one one-bedroom residence.
Where is this triplex located?
The property is located at 737 Renaud Ct Calexico, CA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Three‑unit triplex with 1,732 square feet; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; All three units are rented
