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470 W Olive Ave

El Centro, CA 92243
  • $625,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 24446395IC
UPDATED: 57 min ago
$625,000
  • 10
    BEDS
  • 0.19
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $260
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

This income producing property offers 5 units which total 2,400 square feet (480 sq ft/unit). Unit 1 was renovated over the last few year. Unit 2 has been completely remodeled, it offers new laminate flooring throughout, including a new bathroom, new electrical and meter. Units 3 and 4 are mostly original. Unit 5 is currently under renovation and will be similar to unit 2 which are pictured. 4 of the 5 units are currently leased out, the 5th being under renovation which is scheduled to be finished by closing! Additionally, the sale of the property comes with plans to add an additional 800 sq ft ADU that have already been approved! Schedule your private showing today!

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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: 2024-10-11T15:40:57.683.
www.dmahouses.com/homes/155999127
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470 W Olive Ave El Centro, CA 92243

  • Price: $625,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 57 min ago
  • MLS #: 24446395IC
10
Beds
5
Baths
0
½ Baths
0.19
Acres
2,400
SQFT
$260
$/SQFT
1963
Built
Neighborhood:
El Centro
County:
Imperial
Area:
El Centro
Property Description
This income producing property offers 5 units which total 2,400 square feet (480 sq ft/unit). Unit 1 was renovated over the last few year. Unit 2 has been completely remodeled, it offers new laminate flooring throughout, including a new bathroom, new electrical and meter. Units 3 and 4 are mostly original. Unit 5 is currently under renovation and will be similar to unit 2 which are pictured. 4 of the 5 units are currently leased out, the 5th being under renovation which is scheduled to be finished by closing! Additionally, the sale of the property comes with plans to add an additional 800 sq ft ADU that have already been approved! Schedule your private showing today!
Exterior Features

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

Interior Features

Cooling Wall Unit(s) Equipment Ceiling FanOven/Range-Gas Flooring LaminateCarpet Heating Wall Electric Laundry None Rooms Kitchen/DiningLiving Room Unit Baths1 1.00 Unit Beds1 2 Water Heaters YN Yes

Property Features

Actual Annual Gross Rent 51840.00 Actual Gross Annual Income 51840.00 Disclosures None Gross Operating Income 65040 Net Operating Income 52334.00 Number Leased 4 Owner Pays Water Sale Type Standard Sewer City Total Annual Expense 12705 Unit Rent1 1100.00 Water City Water Heater Features Gas Zoning CS

Listing courtesy of Grounded Real Estate Inc.: 760-457-9281.


© 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: 2024-10-11T15:40:57.683.
 
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502 W. Aten Rd. #101
Imperial CA, 92251