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Alexander Pfleger
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P: 858.483.4687
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749 753 W Olive Ave
El Centro, California CA 92243
Price: $419,900
ACTIVE Status, Bedrooms, Full Baths
8,040 SqFt
Listing ID # 190017529

Property Description:

Original 4 units + added large 1 BR -near downtown El Centro (4) 2 bedroom 1 bath + Larger 1 Bedroom- off street parking spaces! always rented.Chance to added improvements & raise rents. Large one bedroom on main floor - 2 bedroom units are 2 on bottom & 2 on top floor! all 2 bedrooms approx 750 sq feet each & 1 bedroom approx 500 sq feet Rent is $595. All newer Combo Central Heater/Air conditioners. Owner pays Water & Trash. Tenants pay Gas & Electric separate meters. 6.75% CAP RATE!Priced to sale fast!

Primary Features

Community: OUT OF AREA
Neighborhood: El Centro
Complex/Park: none
Short Sale: no
Net Operating Income Projected: 32158
Number of Buildings: 1
Number of Units: 5
Tenant Pays: Electricity, Gas/Propane
Water: Meter on Property
Sewer/Septic: Sewer Connected
Security: N/K
Roof: Composition
Pool: N/K
Exterior: Wood/Stucco
Heat Equipment: Forced Air Unit
Cooling: Central Forced Air

Interior Features

Levels: Other/Remarks
Unit 1 Estimated SqFt: 750
Unit 1 Laundry Hook Ups: No
Unit 1 Number of Bedrooms: 2
Unit 1 Number of Full Baths: 1
Unit 1 Number Total Baths: 1
Unit 2 Estimated SqFt: 750
Unit 2 Laundry Hook Ups: No
Unit 2 Number of Bedrooms: 2
Unit 2 Number of Full Baths: 1
Unit 2 Number Total Baths: 1
Unit 3 Estimated SqFt: 750
Unit 3 Laundry Hook Ups: No
Unit 3 Number Bedrooms: 2
Unit 3 Number of Full Baths: 1
Unit 3 Number Total Baths: 1
Unit 4 Estimated SqFt: 750
Unit 4 Laundry Hook Ups: No
Unit 4 Number of Bedrooms: 2
Unit 4 Number of Full Baths: 1
Unit 4 Number Total Baths: 1
Water Heater Type: Gas

External Features

Entry Only: no
Fencing: Partial
Frontage Dimensions in Ft: 60
Lot Dimensions Approx: 60x134
Lot Size: 7,500-10,889 SF
Parking Non-Garage Unit 1: Uncovered
Parking Non-Garage Unit 2: Uncovered
Parking Non-Garage Unit 3: Uncovered
Parking Non-Garage Unit 4: Uncovered
Pool Heat: None Known
Site: Alley Access, Public Street, Sidewalks, Street Paved
Spa: N/K
Topography: Level
Unit 1 Exclusive Use Yard: no
Unit 2 Exclusive Use Yard: no
Unit 3 Exclusive Use Yard: no
Unit 4 Exclusive Use Yard: No
View: N/K

Location Information

Cross Street(s): S 8th St
Zip/Area: IMP CTY-EL CENTR (92243)

Financial Details

Annual Expense Actual: 9946
Annual Expense Projected: 11342
Assessors Parcel Number: 053-182-006-000
Cap Rate Actual: 6.75
Cap Rate Projected: 7.5
Gross Rent Multiplier Act: 11
Gross Rent Multiplier Projected: 9.86
Gross Scheduled Income Actual: 38940
Gross Scheduled Income Projected: 43500
Sale/Rent: For Sale
Terms: Cash, Conventional
Unit 1 Projected Rent: 750
Unit 1 Rent Actual: 700
Unit 2 Projected Rent: 750
Unit 2 Rent Actual: 650
Unit 3 Projected Rent: 750
Unit 3 Rent Actual: 650
Unit 4 Projected Rent: 750
Unit 4 Rent Actual: 650

Additional

Age Restrictions: N/K
Association ID: San Diego Association of REALTORS (SDAR)
Heat Source: Natural Gas
Number of Units w/Range/Oven: 5
Number of Units w/Refrigerator: 5
Number Units w/Cooling: 5
Possession: Close of Escrow
Property Type: 2-4 UNITS
Sales Restrictions: N/K
Unit Number for Unit 1: A
Unit Number for Unit 2: B
Unit Number for Unit 3: C
Unit Number for Unit 4: D

Zoning Info


Listing courtesy of Coldwell Banker West
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) services provided by SDMLS and CRMLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2019 San Diego Multiple Listing Service, Inc. © 2019 California Regional Multiple Listing Service. Data updated on Wednesday, June 19th, 2019 02:42:17 PM.

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Office: 858-483-4687 | Cell: 619-339-7334 | Email: [email protected] | CA BRE #01043581 | NMLS# 373603

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The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited.

Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2019-05-20

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