Sold for $400,000

$400,000

500 Beach Ave, Calexico, CA 92231

6beds

4baths

2,080sqft

MultiFamily

Built in 1978

-- sqft lot

$456,200 Zestimate^®

$192/sqft

$1,535 Estimated rent

Home value

$456,200

$415,000 - $502,000

$1,535/mo

Zestimate^® history

Owner options

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$1,535/mo

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$1,535/mo

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$2,559/mo

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$2,559/mo

Est. payment

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What's special

Rental Income Producing Property in the heart of Calexico. Corner Lot (Beach Ave. & 5th Street) a block away from a K-6 elementary school, two blocks from a soccer park and a few more to Calexico High School. All units are fully-rented with long-term tenants, all in good standing. Great opportunity for an investor, you could live in one of the units and rent out the rest. Two of units are 2 bedrooms & 1 bath, two more are 1 bedroom / 1 bath; all units are in good condition. Don't let this opportunity get away from you. Demand for rentals are high in this area.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Rooms

Room types: None

Bathroom

Features: Shower and Tub, Shower Stall

Heating

Central

Cooling

Central Air

Appliances

Included: Oven/Range-Gas, Refrigerator, Washer, Gas Water Heater
Laundry: Outside, Equipment Owned

Features

Common Walls
Flooring: Tile

Interior area

Total structure area: 2,080
Total interior livable area: 2,080 sqft

Property

Parking

Total spaces: 4
Parking features: Shared Driveway
Uncovered spaces: 4

Features

Stories: 1
Patio & porch: Slab, Other - See Remarks
Spa features: None
Fencing: Fenced,Chain Link

Lot

Size: 7,500 Square Feet
Dimensions: 50 x 150
Features: Corner Lot

Details

Parcel number: 058464016000
Zoning: R3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional

Materials

Stucco
Foundation: Slab
Roof: Composition,Shingle

Condition

Repair Cosmetic
New construction: No
Year built: 1978

Utilities & green energy

Sewer: City
Water: City

Community & HOA

Community

Security: None
Subdivision: Eastside Add Lot 9 Blk 24a Re Plat Of Blk 24 Easts

Location

Region: Calexico

Financial & listing details

Price per square foot: $192/sqft
Tax assessed value: $109,999
Annual tax amount: $1,365
Date on market: 9/12/2024
Listing agreement: Exclusive Agency
Listing terms: Contract
Total actual rent: 3680
Tenant pays: Electricity, Gas, Other

Price history

Date	Event	Price
12/17/2024	Sold	$400,000-9.1%$192/sqft
Source: ICAOR #24437605IC Report a problem
9/14/2024	Contingent	$440,000$212/sqft
Source: ICAOR #24437605IC Report a problem
9/12/2024	Listed for sale	$440,000$212/sqft
Source: ICAOR #24437605IC Report a problem

Public tax history

Year	Property taxes	Tax assessment
2015	$1,032	$95,229 +2%
2014	$1,032 +3%	$93,364 +0.5%
2013	$1,002 +4.4%	$92,943 +4%
2011	$959 +0.9%	$89,335 +0.8%
2010	$951 +2.6%	$88,668 -0.2%
2009	$927 +1.2%	$88,879 +2%
2008	$916	$87,138 +2%
2007	$916 +2.2%	$85,431 +2%
2006	$896 +4.3%	$83,757 +2%
2005	$859	$82,116 +2%
2004	$859	$80,506