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27871360
27871367

700 Blair Ave, Calexico, CA 92231

MH
CA 01253348
American Group Realtors
Listed by American Group Realtors
$1,149,000
222 days on market
Updated 37 days ago

700 Blair

Details
APN 058-373-006-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,710
Units 8
Cap Rate 9.00%
Price per SqFt $244
Class B
Buildings 2
Stories 2
Parking Spaces 8 spaces
Parking Per SqFt 1.70

Turnkey 8-Unit Income Property with Strong Returns

Marketing description

Charming Eight-Unit Complex – All Two-Bed, One-Bath, Newly Remodeled! $115,200 annual income! Welcome to this beautifully updated eight-unit multifamily property, each unit featuring a comfortable two-bedroom, one-bath layout. Recently remodeled interiors offer modern finishes and a fresh, inviting atmosphere. With a solid cap rate around 8.00%, this property not only provides excellent rental income but also represents a fantastic investment opportunity. Don’t miss out on adding this turnkey building to your portfolio with strong returns and great curb appeal!

Investment highlights

  • Strong Income Stream – Generates approximately $115,200 in annual gross income, offering stable and predictable cash flow.

  • Attractive Cap Rate – Solid 7.1% capitalization rate, providing investors with immediate, above-market returns.

  • Turnkey ConditionAll eight units recently remodeled, featuring modern finishes, updated kitchens, bathrooms, and flooring — minimizing near-term maintenance costs.

  • Desirable Unit MixEight (8) spacious 2-bed / 1-bath units, ideal for families and long-term tenants seeking comfortable living space.

  • Prime Rental Location – Calexico, CA – Situated in a high-demand rental area with consistent occupancy, supported by proximity to schools, shopping, and major employers.

  • Value-Add Potential – Opportunity to increase rents to market levels or implement utility reimbursement for additional income.

  • Curb Appeal & Pride of Ownership – Well-maintained exterior and common areas enhance tenant satisfaction and property value.

  • Ease of Management – Compact 8-unit layout allows for efficient management and operating costs.

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Listing Contacts

MH
CA 01253348
American Group Realtors
Listed by American Group Realtors

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Additional Information

Name
Manny Hernandez
License
01253348
Brokerage
American Group Realtors
Title
Broker
Brokerage Address
1074 East Cole Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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