940 Calla Avenue 12, Imperial Beach, California 91932, Imperial Beach, 91932 - 2 bed, 2 bath
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Imperial Beach, California 91932
This condominium presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $415,802 Fair Market Value by 3%. This valuation gap offers $15,802 in Instant Equity. With a Fair Condition Rating, the property provides a canvas for cosmetic updates to drive value. Featuring a Community Pool and Private Patio, this asset benefits from an HOA covering gas and electricity. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking coastal proximity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 940 Calla Avenue 12 Subject | $400,000* List Price | 2 | 2 | 960 | $433 | - |
A 634 8 Th St Apt 4 Active | $439,000 List Price | 2 | 2 | 931 | $472 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property is dated and shows signs of wear consistent with its age. While there are some updates like stone countertops and laminate flooring, the kitchen cabinetry, white appliances, and bathroom fixtures are older. The carpet in the bedrooms appears worn, and the exterior patio area needs maintenance, placing it in the 'Fair' category requiring minor repairs and cosmetic updates.
The HOA fee uniquely includes gas and electricity in addition to water and trash, providing significant monthly savings and simplified budgeting for the homeowner.
Situated just minutes from the Imperial Beach shoreline and pier, this property offers an enviable lifestyle with easy access to beaches, local dining, and coastal recreation.
The location provides excellent proximity to major Naval bases, Coronado, and Downtown San Diego, making it a highly desirable spot for military personnel and commuters.
The unit only includes one designated parking spot, which may be a constraint for multi-vehicle households or when hosting guests in a busy beach community.
The assigned elementary and middle schools have low performance ratings (2 and 3 respectively), which could be a drawback for families prioritizing educational district quality.
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.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 960 | 1,324.5 |
| Lot Size | - | 4,767 |
| Price | $400.0K | $684.0K |
| Price per sq ft | $417 | $601 |
| Built year | 1990 | 1991 |
| HOA | $521.0 | $392 |
| Days on market | 9 | 92 |
Jul 13, 2026
$400,000
Initial Listing
Aug 6, 2018
$380,000
Public Record
Aug 7, 2015
$326,000
Public Record
Jan 28, 2010
$115,000
Public Record
May 15, 2003
$216,000
Public Record