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470 W Olive Ave

El Centro, CA 92243
  • $550,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 22209981IC
UPDATED: 40 min ago
$550,000
  • 10
    BEDS
  • 0.19
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $229
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

Good investment property with five stand alone cottages. Four units have been recently remodeled, with positive cash flow potential. Please call ahead, four units are occupied and require at least 24 hours notice to enter.

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© 2022 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 Duflock & Associates Real Estate Inc.. Data last updated: 2022-12-07T20:40:48.62.
www.duflock.com/homes/134072014
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470 W Olive Ave El Centro, CA 92243

  • Price: $550,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 40 min ago
  • MLS #: 22209981IC
10
Beds
5
Baths
0
½ Baths
0.19
Acres
2,400
SQFT
$229
$/SQFT
1963
Built
Neighborhood:
El Centro
County:
Imperial
Area:
El Centro
Property Description
Good investment property with five stand alone cottages. Four units have been recently remodeled, with positive cash flow potential. 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 Exterior Construction StuccoWood Garage Structures Total 0 Parking Garage On Street Roof Asphalt Shingle Total Parking 0

Interior Features

Cooling CentralWindow Unit(S)Air Conditioning Equipment Hood Fan Flooring LinoleumVinyl Plank Heating Electric Laundry None Number Electric Meters 5 Number Gas Meters 5 Number Range 5 Number Refrigerator 3 Number Wall AC 1 Rooms Entry 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 54060.00 Adjusted Gross Income 54060 Disclosures As Is Gross Operating Income 54060 Listing Terms Cash To New Loan Net Operating Income 50040.00 Number Leased 4 Number Water Meters 1 Owner Pays WaterGardener Pool YN No Property Condition Updated/Remodeled Property Sub Type 5 To 10 Units Sale Type Standard Sewer City Tenant Pays GasElectric Total Annual Expense 4020 Unit Rent1 985.00 Unit Rent2 500.00 Unit Rent3 0.00 Unit Rent4 935.00 Unit Rent5 935.00 Water City Water Heater Features Gas Zoning R-3

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


© 2022 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 Duflock & Associates Real Estate Inc.. Data last updated: 2022-12-07T20:40:48.62.
 
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Duflock & Associates Real Estate Inc.
1898 W Main St
El Centro CA, 92243