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Multifamily

856 Calla Ave

856 Calla Ave, Imperial Beach, CA 91932

Listing Price: $3,300,000

Cap Rate
3.87%
Number of Units
10
Occupancy
97.0%
Price/Unit
$330,000

Investment Overview

Marcus & Millichap is pleased to present an exclusive 10 unit offering located in Imperial Beach, California. Constructed in 1968, this property rests on a 9,754 SF lot and offers 7,430 SF of rentable space. 856 Calla Avenue also known as the Calla Condos is comprised of eight (8) 1-bedroom/1-bathroom units, (1) 2-bedroom/1-bathroom unit and (1) 3-bedroom/2-bathroom unit. This upgraded property provides investors and its residents with an amenity package that features in-unit laundry, private balconies, and a secure gated entry. Residents also enjoy off-street parking with 11 spaces. Being located in the Dolphin Bay neighborhood of Imperial Beach, this complex is poised for long term appreciation. There are several new developments within a close proximity such as Blue Wave Mixed Use Project, the new 68 room Hampton Inn Hotel, and Break Water Town Center. As Imperial Beach emerges as one San Diego’s most sought-after rental markets, investors are offered the unique opportunity to acquire this well-located asset and maximize rents to take full advantage of this offering.

Investment Highlights

  • Significant Upside in Rents
  • Lifetime Ceramic Tile Roof From China
  • Units and Major Systems Upgraded in 2007 to be Converted to Condos
  • Individually Sub-Metered For Water
  • In-Unit Laundry

Exclusively Listed By

Financing By

Multifamily

856 Calla Ave

Listing Price: $3,300,000

Cap Rate
3.87%
Number of Units
10
Occupancy
97.0%
Price/Unit
$330,000

Investment Highlights

  • Significant Upside in Rents
  • Lifetime Ceramic Tile Roof From China
  • Units and Major Systems Upgraded in 2007 to be Converted to Condos
  • Individually Sub-Metered For Water
  • In-Unit Laundry

Investment Overview

Marcus & Millichap is pleased to present an exclusive 10 unit offering located in Imperial Beach, California. Constructed in 1968, this property rests on a 9,754 SF lot and offers 7,430 SF of rentable space. 856 Calla Avenue also known as the Calla Condos is comprised of eight (8) 1-bedroom/1-bathroom units, (1) 2-bedroom/1-bathroom unit and (1) 3-bedroom/2-bathroom unit. This upgraded property provides investors and its residents with an amenity package that features in-unit laundry, private balconies, and a secure gated entry. Residents also enjoy off-street parking with 11 spaces. Being located in the Dolphin Bay neighborhood of Imperial Beach, this complex is poised for long term appreciation. There are several new developments within a close proximity such as Blue Wave Mixed Use Project, the new 68 room Hampton Inn Hotel, and Break Water Town Center. As Imperial Beach emerges as one San Diego’s most sought-after rental markets, investors are offered the unique opportunity to acquire this well-located asset and maximize rents to take full advantage of this offering.

Exclusively Listed By

Financing By

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