
940 Calla Avenue #12
Atop 10%Imperial Beach, CA 91932
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 →
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
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.
Comparable Properties
5 comps foundThis Property
$2,846
Comp Average
$2,480
239 Ebony Avenue
2bd / 1ba · 920 sqft · Condo
$449K
Est. $2,487/mo
1328 Iris Avenue
2bd / 1ba · 798 sqft · Condo
$449K
Est. $2,384/mo
1220 Seacoast Drive
2bd / 1ba · 909 sqft · Condo
$510K
Est. $2,844/mo
1340 Holly Avenue
2bd / 1ba · 800 sqft · Condo
$440K
Est. $2,306/mo
1328 Iris Ave
2bd / 1ba · 794 sqft · Condo
$470K
Est. $2,379/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 1–3 bed condos & townhomes within 0.5 mi · $2,715–$3,036
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,325/mo short at 20% down; 70% down or +$1,721/mo rent closes it.
- Break-even price
- $216,467
- Break-even rent
- $4,567/mo
- Cashflow at 35% down
- −$920/mo
- Down payment to break even
- 70%
- Rate to break even
- Not reachable
44% under asking
$1,721/mo above the estimate
$272,300 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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