466 Calla Ave

466 Calla Ave

Ctop 80%

Imperial Beach, CA 91932

$1,249,000
NEW — 0d

Pass at asking: -$5,820/mo full cashflow at 20% down, 7.43% rate.

Works at $491,183 (61% under asking), or at 88% down.

Rent $4,899/mo from 11 leases of 3–5 bed houses within 1 mi ($4,462–$5,466).

Beds

4

Baths

2

Sqft

2,000

Year Built

1953

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026588SD

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

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About This Property

A FRESH OPPORTUNITY FOR COASTAL LIVING just 3 BLOCKS FROM THE BEACH! This beautifully updated property pairs a SPACIOUS FRONT RESIDENCE with a DETACHED 1 BEDROOM, 1 BATH ADU WITH A FULL KITCHEN, offering the flexibility to bring your coastal vision to life. Make the larger front home your own and welcome extended family into the back unit, or rent the ADU for additional income. Ideal for MULTIGENERATIONAL LIVING, GUESTS, or a private workspace. Both residences have been thoughtfully upgraded with REMODELED KITCHENS AND BATHROOMS, STAINLESS STEEL APPLIANCES, AIR CONDITIONING, FIREPLACES, and PRIVATE BEDROOM ENTRANCES. Additional improvements include a NEW ROOF, TANKLESS WATER HEATER, and UPDATED PLUMBING (2023). Step outside to a LOW MAINTENANCE BACKYARD featuring AUTOMATIC IRRIGATION, GAS HOOKUPS for a BBQ and future spa, and inviting outdoor space perfect for relaxing or entertaining family and friends. Enjoy an unbeatable location just minutes from the IMPERIAL BEACH PIER, local restaurants, breweries, shopping, and the BAYSHORE BIKEWAY, with easy access to Coronado and Downtown San Diego. Rediscover the possibilities of a beach home with room for loved ones and rental income potential, bringing together LIFESTYLE, FLEXIBILITY, and LONG TERM VALUE in one of San Diego's premier beach communities.

Mortgage Calculator

Est. Monthly Payment

$8,552

Principal & Interest$6,939
Property Tax$1,249
Insurance$364
%($249,800)
%
Loan Term

Location

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Investment Score

13C
Est. Monthly Rent
$4,899

11 leases of 3–5 bed houses within 1 mi · $4,462–$5,466

Blended 50/50 with the zip's market median ($4,690)

Monthly Cashflow

Rent − PITIA

-$3,653
Full Cashflow

Incl. vacancy, PM, maint, capex

-$5,820

What would make this work?

$5,820/mo short at 20% down; 88% down or +$7,559/mo rent closes it.

Break-even price

61% under asking

$491,183
Break-even rent

$7,559/mo above the estimate

$12,458/mo
Cashflow at 35% down
−$4,519/mo
Down payment to break even

$1,099,120 cash

88%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$6,939
Cap Rate
1.31%
Cash-on-Cash
-27.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.57

NOI (Annual)
$16,360
Price-to-Rent

Lower = better for investors

21.2

* Modelled at 20% down, 7.43% 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−$5,820/mo