Sold for $490,000

$490,000

625-8 Olive Ave, El Centro, CA 92243

8beds

4baths

2,688sqft

1 to 4 Units

Built in 1973

-- sqft lot

$601,000 Zestimate^®

$182/sqft

$1,363 Estimated rent

Home value

$601,000

$565,000 - $643,000

$1,363/mo

Zestimate^® history

Owner options

List your home for rent

$1,363/mo

Rent Zestimate^®

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$1,363/mo

Rent Zestimate^®

Refinance and save

$3,117/mo

Est. payment

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$3,117/mo

Est. payment

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What's special

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Rooms

Room types: Kitchen, Living Room

Heating

Central

Cooling

Central Air

Appliances

Included: Oven/Range-Electric, Electric Water Heater
Laundry: Outside

Features

Flooring: Mixed

Interior area

Total structure area: 2,688
Total interior livable area: 2,688 sqft

Property

Parking

Total spaces: 9
Parking features: Parking Space, On Street, Unassigned
Uncovered spaces: 9

Features

Stories: 1

Lot

Size: 7,996 Square Feet

Details

Zoning: R3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: 1 to 4 Units

Condition

Year built: 1973

Utilities & green energy

Sewer: City
Water: City

Community & HOA

Location

Region: El Centro

Financial & listing details

Price per square foot: $182/sqft
Tax assessed value: $220,082
Date on market: 11/6/2023
Listing agreement: EA
Total actual rent: 2950

Price history

Date	Event	Price
3/19/2024	Sold	$490,000-1.8%$182/sqft
Source: ICAOR #23326461IC Report a problem
12/30/2023	Contingent	$499,000$186/sqft
Source: ICAOR #23326461IC Report a problem
10/30/2023	Listed for sale	$499,000$186/sqft
Source: ICAOR #23326461IC Report a problem