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Paulin Apartments 827 Paulin Ave

10 Unit Apartment Building $2,135,250 CAD ($213,525 CAD/Unit) 7.80% Cap Rate Calexico, CA 92231

Executive Summary

Don't miss out on this amazing opportunity to acquire a 10-unit apartment complex, to add to your Real Estate Portfolio. This property is located at 827 & 833 Paulin Ave, Calexico Ca. This property presents an excellent investment opportunity, particularly for investors who are looking to capitalize on its potential. All 10 units are rented with low overhead. This property features 10 units with each unit consisting of 2 bedrooms and 1 full bath. Six units are in the front and four units in the back alley. All 10 units were recently fully renovated, up to the city code. Renovation includes new tankless water heaters, A/C units, flooring, dry walls, kitchen appliances and bathroom appliances. Located near the border, restaurants and grocery stores. This is a prime opportunity to add a promising asset to your portfolio. Act quickly and secure your investment today! Buyer's agent/buyer to conduct thorough due diligence to ensure that all aspects of the property and information provided is accurate and meet their expectations.
Please do not disturb Tenants. Call listing agent to schedule an appointment. Owner's expenses: Hazard Insurance $291 (monthly), Grounds Keeping $60 (monthly), Fumigation $100 (monthly), Trash Collection (commercial dumpster) $286, Water $750, Property Tax Bi-Annual Installment $3,126.80.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,135,250 CAD
Price Per Unit $213,525 CAD
Sale Type Investment
Cap Rate 7.80%
Gross Rent Multiplier 11
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.30 AC
Building Size 6,776 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1972/2023
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Balcony
  • Kitchen
  • Refrigerator
  • Tub/Shower
  • Family Room
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 10 $4,270 CAD 650 - 696
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
058-351-003-000
Land Assessment
$141,620 CAD (2023)
Improvements Assessment
$157,593 CAD (2023)
Total Assessment
$299,213 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024

zoning

Zoning Code MU
MU
  • Listing ID: 33936865

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 827 Paulin Ave, Calexico, CA 92231

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