940 Calla Ave 15, Imperial Beach, California 91932, Imperial Beach, 91932 - 4 bed, 2 bath

940 Calla Ave 15
Imperial Beach, California 91932
Property Price
SUMMARY
Analysis of 940 Calla Ave 15, Imperial Beach, California 91932 is currently available with a list price of $590,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Imperial Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained with significant recent updates including new dual-pane windows, a new forced-air furnace, and a newer roof (approx. 5 years old). The kitchen features granite countertops and newer stainless steel appliances, while the interior has been refreshed with wood-look laminate flooring. Although built in 1990, these consistent system and cosmetic updates elevate the condition above fair.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Bay Views
This top-level penthouse offers rare, unobstructed views of the San Diego Bay and downtown skyline from three of the four bedrooms and the main living area, providing a high-end coastal atmosphere.
- Rare 4-Bedroom Layout
At 1,504 square feet, this unit provides a hard-to-find four-bedroom configuration in a coastal market, offering exceptional value and space for families or those needing a home office.
- All-Inclusive HOA Utilities
The monthly association fee covers essential utilities including gas, electricity, water, and trash, providing significant cost savings and simplified monthly budgeting for the homeowner.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The property is served by local schools with lower-than-average ratings, which may be a significant drawback for families prioritizing high-performing academic districts.
- High Monthly HOA Dues
At $650 per month, the HOA fee represents a substantial recurring expense that may impact buyer financing qualifications and overall monthly affordability despite the included utilities.
About 940 Calla Ave 15
Live the Penthouse Dream: Unobstructed Bay Views, enchanting sunsets over downtown San Diego. Step into a top-level sanctuary where every day begins and ends in sunlight. This expansive 1,504 sq.ft. penthouse-style condo delivers the rare combination of 4 true bedrooms, an open great room, and spectacular bay views from three of the four bedrooms. It’s called a million-dollar view for a reason! Inside, the home feels bright, inviting, and generously scaled. The 31’ x 14’ great room seamlessly blends living and dining, creating an effortless flow for entertaining or relaxed coastal living. The kitchen features two-tiered granite counters for casual bar seating, custom cabinetry, and newer stainless-steel refrigerator and dishwasher. Throughout the home you’ll find new dual-pane windows, newer custom blinds, wood-look laminate flooring, and fresh flooring in the bedrooms and hallway. Major improvements include a newer roof (approx. 5 years) and a new forced-air furnace for central heat. From the front balcony, enjoy a tranquil view of the community pool. (Washer/dryer hookups are located in the kitchen pantry.) Perfectly positioned for a true Imperial Beach lifestyle, this home is just moments from the Breakwater Town Center, incredible dining options, shopping at the Imperial Beach Promenade, and best of all, the world-famous 24-Mile Bayshore Bikeway. Picture miles of serene, car-free walking and biking with the Bay on one side and the Pacific Ocean on the other. People travel the world to experience this… yet for you, it’s just outside your door. And here’s the kicker: it’s a steal. A 4-bedroom penthouse with these views, this square footage, and this walkability should easily be pushing $800K in today’s market. Instead, you’re getting all of it for only $590,000. Opportunities like this rarely show up - especially in coastal San Diego. This is penthouse living, a million-dollar view, and a wildly underpriced piece of Imperial Beach… all wrapped into one. HOA payment includes: Gas, Electricity, Water and Trash.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 19,501 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $650.0 / Month
Neighborhood Insights
Imperial Beach Unified Schools
Bayside Elementary School
Grades K-6 • 0.1 mi
Mar Vista Academy
Grades 7-8 • 1.2 mi
Mar Vista Senior High School
Grades 9-12 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 93% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,504 | 952 | 87% |
| Lot Size | 19,501 | - | 87% |
| Price | $590.0K | $550.0K | 53% |
| Price per sq ft | $392 | $582 | 7% |
| Built year | 1990 | 1990 | 50% |
| HOA | $650.0 | $420 | 73% |
| Days on market | 96 | 214 | 20% |
Pricing History
Listed for Sale
Jan 20, 2026
$590,000
$650,000
-9% Price Drop
Initial Listing
Price Change
Dec 1, 2025
$650,000
Initial Listing
Sold
Sep 22, 2017
$385,000
Public Record
Sold
Sep 9, 2014
$280,000
Public Record
Sold
Jun 27, 2003
$275,000
Public Record























