NOT LISTED FOR SALE

1151-55 Calla Ave Imperial Beach, CA 91932

6 Beds
3 Baths
2,160 Sq Ft
1968 Built

Last Sold April 08, 2022

Last sale price $1,510,000 $699 Per Sq Ft

9 Days on Market

Highlights

  • 1-Story Property
  • Partially Fenced Property
  • 1-minute walk to Teeple Park

About This Home

As of April 2022

3 DETACHED Homes on 1 large parcel in COASTAL Imperial Beach. 1.5 blocks to San Diego Bay and just blocks to Imperial Beach Pier and Sandy Beaches. Close proximity to Southern Entrance to Silver Strand and Coronado. Each home is separately metered for ALL utilities, therefore tenants pay for everything. Each home has it's own washer/dryer AND a new Roof / Gutters (2020). Additional recent upgrades. RENTAL UPSIDE POTENTIAL. Each home is 2BR/1BA (detached) with yards. Current rents low compared to market for SFR homes. Vacancy for rental homes in Imperial Beach virtually non-existent. 2 Bedroom Detached Homes in the immediate area are selling in the $750,000 range. EXCELLENT COASTAL VALUE.

Last Agent to Sell the Property

Corey McHenry

David Santistevan License #01800485 Listed on: 02/28/2022

Last Buyer's Agent

Corey McHenry

David Santistevan License #01800485 Listed on: 02/28/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for trash, water, cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 626-230-10-00

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Net Operating Income $37,929

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: South Bay
  • Cross Street: Florida Street
  • LP / Sq Ft: 20.99
  • Stories: 1 Story
  • Sale Price List Price: 1.03
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 626-230-10-00

Rental Info

  • Tenant Pays: Trash, Water, Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 37929
  • Annual Expense Actual: 23928
  • Annual Expense Projected: 23525
  • Gross Rent Multiplier Actual: 23.21
  • Gross Rent Multiplier Projected: 15.39
  • Gross Sched Income Actual: 63120
  • Gross Sched Income Projected: 95198
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 1
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2022 04/08/22 Sold $1,510,000 +3.1% $699 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $1,465,000 -- $678 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Corey McHenry

    Seller's Agent in 2022

    Corey McHenry

    David Santistevan

    (619) 565-0179

    2 in this area

    26 Total Sales

    Corey McHenry
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Map

Source: San Diego MLS

MLS Number: 220004523

San Diego MLS
California San Diego County Imperial Beach 91932

1151-55 Calla Ave, Imperial Beach, CA

This home is located at 1151-55 Calla Ave, Imperial Beach, CA 91932 since 28 February 2022. This property was built in 1968. 1151-55 Calla Ave is a home located in San Diego County with nearby schools including Bayside Elementary School, Mar Vista Academy, and Mar Vista Senior High School.

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