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302 Calla Avenue

Ctop 80%

Imperial Beach, CA 91932

$1,015,000

STR: check · Imperial Beach: confirm the zone · TOT 14%

Pass at asking: -$4,562/mo full cashflow at 20% down, 7.36% rate.

Works at $418,027 (59% under asking), or at 86% down.

Rent $4,149/mo from 12 leases of 2–4 bed houses within 1 mi, same school area ($3,578–$4,400).

Beds

Baths

Sqft

1,300

Year Built

1952

Days on Market

Property Type

Single Family

HOA/mo

N/A

MLS ID

260023716SD

This property is in Imperial Beach (91932). Browse neighborhood analytics →

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About This Property

Located just a few blocks from Seacoast Avenue in Imperial Beach, this 3-bedroom, 2-bathroom home sits on a corner lot with a spacious lawn, sprawling front porch, pool and spa. Inside, you'll find tile and original hardwood floors, an upgraded kitchen and downstairs guest bathroom, dual-pane windows, and mini-splits throughout. Upstairs, a separate private entrance leads to a studio-style space with an attached bathroom and wall AC, offering potential for rental use, extended family, office, or guests. The home also feature a finished garage with epoxy flooring, a driveway with two additional parking spaces, and additional side yard for storage. Conveniently located near local schools, restaurants, shops, and the beach, this home offers plenty of possibilities in a coastal community.

Mortgage Calculator

Est. Monthly Payment

$6,911

Principal & Interest$5,600

Property Tax$1,015

Insurance$296

Down Payment

%($203,000)

Interest Rate

Loan Term

Location

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Zoned Schools

Elementary
Imperial Beach Charter · grades K-8 · South Bay Union
Middle
Mar Vista Academy · grades 7-8 · Sweetwater Union High
High
Mar Vista Senior High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Comparable Properties

5 comps found

This Property

$4,149

Comp Average

$3,855

1325 5th St

3bd / 2ba · 1,344 sqft · Single Family

$819K

Est. $4,195/mo

831 Hickory Ct.

3bd / 3ba · 1,420 sqft · Single Family

$799K

Est. $3,833/mo

1211 9th St

3bd / 2ba · 1,188 sqft · Single Family

$850K

Est. $3,694/mo

734 Carolina Street

3bd / 2ba · 1,159 sqft · Single Family

$949K

Est. $3,902/mo

1431 California Steet

3bd / 2ba · 1,208 sqft · Single Family

$950K

Est. $3,653/mo

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

19C

Est. Monthly Rent

$4,149

12 leases of 2–4 bed houses within 1 mi, same school area · $3,578–$4,400

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$2,762

Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,562

What would make this work?

$4,562/mo short at 20% down; 86% down or +$5,925/mo rent closes it.

Break-even price: $418,027
Break-even rent: $10,074/mo
Cashflow at 35% down: −$3,512/mo
Down payment to break even: 86%
Rate to break even: Not reachable

Mortgage (P+I)

$5,600

Cap Rate

1.47%

Cash-on-Cash

-26.97%

DSCR

Need ≥ 1.25 for DSCR loan

0.60

NOI (Annual)

$14,944

Price-to-Rent

Lower = better for investors

20.4

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$4,562/mo