940 Calla Avenue #12
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940 Calla Avenue #12

Atop 10%

Imperial Beach, CA 91932

$389,000
STR: check · Imperial Beach: confirm the zone · TOT 14%

An HOA may ban rentals of 30 days or less (Civ. Code §4741): check the CC&Rs.

Pass at asking: -$1,325/mo full cashflow at 20% down, 7.43% rate.

Works at $216,467 (44% under asking), or at 70% down.

Rent $2,846/mo from 8 leases of 1–3 bed condos & townhomes within 0.5 mi ($2,715–$3,036).

Beds

2

Baths

1.5

Sqft

960

Year Built

1990

Days on Market

120

Property Type

Condo

HOA/mo

$529

MLS ID

PTP2605272

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

Virtual Tour

About This Property

Welcome to 940 Calla Avenue Unit 12, a charming 2-bedroom, 1.5-bath condominium nestled in the desirable Dolphin Bay community of Imperial Beach. Offering approximately 960 square feet of comfortable living space, this inviting home combines coastal charm with everyday convenience in one of Southern California's last classic beach towns. HOA covers gas, electricity, water, trash, and all common area maintenance. The home has one designated parking spot. Step inside to discover a bright and functional floor plan designed for easy living. Whether you're looking for a primary residence, vacation getaway, or investment opportunity, this home offers the perfect canvas to make it your own. Residents of the Dolphin Bay community enjoy access to a sparkling swimming pool and beautifully maintained grounds, creating a relaxed, resort-like atmosphere year-round. Ideally located just minutes from the sand, you'll love being within close proximity to Imperial Beach's scenic shoreline, the iconic pier, local restaurants, cafés, and boutique shops. Enjoy miles of walking and biking paths along the beach, breathtaking sunsets, and an active coastal lifestyle right outside your door. With easy access to major freeways, Naval bases, Coronado, Downtown San Diego, and the U.S./Mexico border, this exceptional location offers the perfect blend of beachside living and urban convenience. Experience the best of coastal Southern California living at Dolphin Bay—where every day feels like a vacation.

Mortgage Calculator

Est. Monthly Payment

$3,193

Principal & Interest$2,161
Property Tax$389
Insurance$113
HOA$529
%($77,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bayside STEAM Academy · grades K-6 · 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.

Investment Score

69A
Est. Monthly Rent
$2,846

8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,715–$3,036

Blended 50/50 with a property-level estimate

Monthly Cashflow

Rent − PITIA

-$346
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,325

What would make this work?

$1,325/mo short at 20% down; 70% down or +$1,721/mo rent closes it.

Break-even price

44% under asking

$216,467
Break-even rent

$1,721/mo above the estimate

$4,567/mo
Cashflow at 35% down
−$920/mo
Down payment to break even

$272,300 cash

70%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$2,161
Cap Rate
3.02%
Cash-on-Cash
-20.43%
DSCR

Need ≥ 1.25 for DSCR loan

0.89

NOI (Annual)
$11,743
Price-to-Rent

Lower = better for investors

11.4

* 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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ACashflow−$1,325/mo