Listing provided courtesy of Ricardo Lopez of Apartment Consultants, Inc.. Last updated 2020-08-23 09:20:37.000000. Listing information © 2020 SANDICOR, Inc.
Asking Price: $5,049,000
1463 5th St Street, El Centro CA 92243
This Com-Res Income property was built in and is priced at $5,049,000. Please see the additional details below.
- 0 Sq Ft
- 1 bathrooms
- 1 bedrooms
- MLS#: 200040763
- Type: Com-Res Income
- Year Built:
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