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470 W Olive Ave

El Centro, CA 92243
  • $415,000
  • STATUS: Closed
  • ON SITE: 226 Days
  • MLS #: 23326927IC
Sold - 04/17/2024
$415,000
SOLD - 04/17/2024
  • 10
    BEDS
  • 0.19
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $173
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

Good investment property with five stand alone cottages. Four units had been recently remodeled, with positive cash flow potential. The fifth unit is in the process of being remodeled. Please call ahead, four units are occupied and require at least 24 hours notice to enter.

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© 2024 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2024-06-14T09:40:36.527.
www.dmahouses.com/homes/144863707
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470 W Olive Ave El Centro, CA 92243

  • Price: $455,000
  • Status: Closed
  • On Site: 226 Days
  • Updated: 76 min ago
  • MLS #: 23326927IC
10
Beds
5
Baths
0
½ Baths
0.19
Acres
2,400
SQFT
$173
$/SQFT
1963
Built
Neighborhood:
El Centro
County:
Imperial
Area:
El Centro
Property Description
Good investment property with five stand alone cottages. Four units had been recently remodeled, with positive cash flow potential. The fifth unit is in the process of being remodeled. Please call ahead, four units are occupied and require at least 24 hours notice to enter.
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Garage Structures Total 0 Parking Garage On street Roof Asphalt Shingle Total Parking 0

Interior Features

Cooling CentralWall/WindowAir Conditioning Equipment Ceiling FanOven/Range-Gas Flooring Vinyl Tile Heating None Laundry None Rooms Kitchen Unit Baths1 1.00 Unit Baths2 1.00 Unit Baths3 1.00 Unit Baths4 1.00 Unit Baths5 1.00 Unit Beds1 2 Unit Beds2 2 Unit Beds3 2 Unit Beds4 2 Unit Beds5 2 Water Heaters YN Yes

Property Features

Actual Annual Gross Rent 56640.00 Actual Gross Annual Income 56640.00 Adjusted Gross Income 4720 Disclosures As Is Gross Operating Income 56640 Net Operating Income 44160.00 Number Leased 4 Owner Pays GardenerWater Property Condition Updated/Remodeled Property Sub Type 5 to 10 Units Sale Type Standard Security Features Carbon Monoxide Detector(s)Smoke Detector Sewer City Tenant Pays ElectricGas Total Annual Expense 12480 Unit Rent1 980.00 Unit Rent2 935.00 Unit Rent3 935.00 Unit Rent4 935.00 Unit Rent5 935.00 Water City Water Heater Features Gas Zoning CS

Listing courtesy of CLI Realty Innovations: 760-455-1988.


© 2024 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2024-06-14T09:40:36.527.
 
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DMA Real Estate
502 W. Aten Rd. #101
Imperial CA, 92251