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    1463 S 5th St Street

    El Centro, CA 92243
    • $5,049,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 200040763
    UPDATED: 52 min ago
    $5,049,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    6% Cap with upside to 7.5% Cap rate!!! What! Desert Gardens is a 54 unit multi-family property set across two contiguous parcels totalling just over 2 acres and nearly spanning a full city block in El Centro, CA. One parcel contains (1) 8 unit building and the other parcel contains the remaining 46 units set across 8 buildings. Built in 1953 and remodeled in 2018, Desert Gardens consists of (12) 1br-1ba, (39) 2br-1ba and (3) 3br-1ba units. There are 37 single car garages, 12 off-street spaces and ample street parking. Tenants enjoy spacious floorplans the majority of which have updated with new countertops, kitchen cabinets, and laminate flooring. Each unit has its own HVAC system and hot water heater. There is a community pool onsite and shared laundry rooms located in each building. Units are separately metered for gas and electric while each building is separately metered for water. Parcel 053-552-005-000 included in sale. 1463-1683 S 5th St. El Centro, CA Cooling: Central Forced Air Elec

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T11:28:08.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.

    www.americanrealestatehomes.com/homes/109269341
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    1463 S 5th St Street El Centro, CA 92243

    • Price: $5,049,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 200040763
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    Imperial
    Property Description
    6% Cap with upside to 7.5% Cap rate!!! What! Desert Gardens is a 54 unit multi-family property set across two contiguous parcels totalling just over 2 acres and nearly spanning a full city block in El Centro, CA. One parcel contains (1) 8 unit building and the other parcel contains the remaining 46 units set across 8 buildings. Built in 1953 and remodeled in 2018, Desert Gardens consists of (12) 1br-1ba, (39) 2br-1ba and (3) 3br-1ba units. There are 37 single car garages, 12 off-street spaces and ample street parking. Tenants enjoy spacious floorplans the majority of which have updated with new countertops, kitchen cabinets, and laminate flooring. Each unit has its own HVAC system and hot water heater. There is a community pool onsite and shared laundry rooms located in each building. Units are separately metered for gas and electric while each building is separately metered for water. Parcel 053-552-005-000 included in sale. 1463-1683 S 5th St. El Centro, CA Cooling: Central Forced Air Elec
    Exterior Features

    Construction Materials FrameStucco Roof Composition

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 6.03 Country Us Gross Scheduled Income 484663.00 Net Operating Income 304228.00 Operating Expense 185708.00 Property Sub Type Commercial/Residential

    Listing provided courtesy of Ricardo Lopez of Apartment Consultants, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-26T11:28:08.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.

     
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