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625 W Olive Ave

El Centro, CA 92243
  • $490,000
  • STATUS: Closed
  • ON SITE: 315 Days
  • MLS #: 23326461IC
Sold - 03/19/2024
$490,000
SOLD - 03/19/2024
  • 8
    BEDS
  • 0.18
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,688
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Ratings & Info

Description

Welcome to an exceptional investment opportunity in El Centro, California! This four-unit complex, featuring spacious 2-bedroom, 1-bathroom units, is the perfect choice for investors and first-time homebuyers alike. This property offers potential for income generation by renting out three units while you reside in one, all while being part of a unique investment opportunity as the owner will also be selling the adjacent four-unit complex as well for a total of 8 units! Don't miss your chance to secure your financial future with this gem of a property. Contact us today to seize this incredible opportunity!

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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: 2024-09-10T06:40:36.903.
www.dmahouses.com/homes/144836947
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625 W Olive Ave El Centro, CA 92243

  • Price: $499,000
  • Status: Closed
  • On Site: 315 Days
  • Updated: 58 min ago
  • MLS #: 23326461IC
8
Beds
4
Baths
0
½ Baths
0.18
Acres
2,688
SQFT
$0
$/SQFT
1973
Built
Neighborhood:
El Centro
County:
Imperial
Area:
El Centro
Property Description
Welcome to an exceptional investment opportunity in El Centro, California! This four-unit complex, featuring spacious 2-bedroom, 1-bathroom units, is the perfect choice for investors and first-time homebuyers alike. This property offers potential for income generation by renting out three units while you reside in one, all while being part of a unique investment opportunity as the owner will also be selling the adjacent four-unit complex as well for a total of 8 units! Don't miss your chance to secure your financial future with this gem of a property. Contact us today to seize this incredible opportunity!
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Garage Structures Total 0 Parking Garage Parking SpaceOn streetUnassigned Roof Composition Shingle Total Parking 9

Interior Features

Cooling Central Equipment Oven/Range-Electric Flooring Mixed Heating Central Laundry Outside Rooms KitchenLiving Unit Baths1 1.00 Unit Baths2 1.00 Unit Baths3 1.00 Unit Baths4 1.00 Unit Beds1 2 Unit Beds2 2 Unit Beds3 2 Unit Beds4 2 Water Heaters YN Yes

Property Features

Adjusted Gross Income 36000 Disclosures As Is Gross Operating Income 36000 Insurance Expense 3300.00 Lease Per Month Year Month Net Operating Income 26919.00 Number Leased 4 Owner Pays GardenerWater Property Sub Type 1 to 4 Units Sale Type Standard Sewer City Total Annual Expense 9081 Trash Expense 3300.00 Unit Rent1 700.00 Unit Rent2 750.00 Unit Rent3 750.00 Unit Rent4 750.00 Water City Water Heater Features Electric Zoning R3

Listing courtesy of One Way Realty: 760-222-7717.


© 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: 2024-09-10T06:40:36.903.
 
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DMA Real Estate
502 W. Aten Rd. #101
Imperial CA, 92251