$242,000
SOLD APR 9, 2025

340 N Imperial Ave Unit 342 Brawley, CA 92227

2 Beds
2 Baths
1,132 Sq Ft
6,425 Sq Ft Lot

Recently Sold

$214 Per Sq Ft

12% Below List Price

1 Day on Market

Highlights

  • Carpet
  • 1-Story Property
  • 3-minute walk to Plaza Park

About This Home

As of April 2025

Introducing a fantastic investment opportunity in Brawley, CA! A duplex featuring two 1-bedroom, 1-bathroom units. One unit boasts a long-term tenant of over a year, providing immediate and stable rental income, with the new owner assuming the remainder of the lease. The second unit is currently vacant, offering the potential for additional revenue. Estimated potential rental income for the vacant unit may be up to $1,100/month, making this an ideal property for both seasoned investors and those just starting out. Don't miss the chance to own a cash-flowing asset in a strong rental market!

Last Agent to Sell the Property

Berenice Martinez

Nava Commercial Capital & Real Estate Inc License #01980806 Listed on: 03/27/2025

Co-Listed By

George Nava

Nava Commercial Capital & Real Estate Inc License #02075329

Last Buyer's Agent

George Nava

Nava Commercial Capital & Real Estate Inc License #02075329

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,844

Year Built

  • Built in 1955

Lot Details

  • 6,425 Sq Ft Lot

Home Design

  • Permanent Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,132 Sq Ft Home
  • 1-Story Property
  • Gas Oven or Range
  • Laundry Located Outside

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 047-262-017-000

Community Details

Overview

  • 2 Units

Building Details

  • 340 Leased Units
  • Operating Expense $220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,844

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Disclosures: As Is
  • Style: Mid-Century
  • Lot Acreage: 0.1470
  • Price/ Sq Ft: 242.93
  • Assessor Parcel Number: 047-262-017-000
  • Street Address: 340 N Imperial Ave
  • Street Name Display: True
  • Street Number Display: True
  • Year Built: 1955
  • State Abbrv: CA
  • Alley: True
  • Annual C F D Y N: False
  • Co Sale Agent Board: OUT OF AREA BOARD
  • Co Sale Agent Broker I D: IC2205
  • Co Sale Agent Cell: 760-455-3621
  • Co Sale Agent Email: bmartinez@navarealestate.com
  • Co Sale Agent First Name: Berenice
  • Co Sale Agent I D: IC121636
  • Co Sale Agent Last Name: Martinez
  • Co Sale Agent License Number: 01980806
  • Co Sale Agent Office I D: IC3508
  • Co Sale Agent Office Phone: 760-623-1050
  • Co Sale Agent Phone: 760-623-1050
  • Co Sale Broker License Number: 02075329
  • Co Sale Office Address1: 578 G Street
  • Co Sale Office Broker I D: IC2205
  • Co Sale Office City: Brawley
  • Co Sale Office I D: IC3508
  • Co Sale Office Name: Nava Commercial Capital & Real Estate Inc
  • Co Sale Office Phone: 760-623-1050
  • Co Sale Office State: CA
  • Co Sale Office Zip: 92227
  • Like Units1: 1
  • Like Units2: 1
  • Number Of Photos: 37
  • Sale Agent Board: OUT OF AREA BOARD
  • Sale Agent Broker I D: IC2205
  • Sale Agent Cell: 760-455-6373
  • Sale Agent Email: george@navarealestate.com
  • Sale Agent Fax: 760-303-1300
  • Sale Agent First Name: George
  • Sale Agent I D: IC2205
  • Sale Agent Last Name: Nava
  • Sale Agent License Number: 02075329
  • Sale Agent Office I D: IC3508
  • Sale Agent Office Phone: 760-623-1050
  • Sale Agent Phone: 760-623-1050
  • Sale Agent Website: www.navarealestate.com
  • Sale Broker License Number: 02075329
  • Sale Office Address1: 578 G Street
  • Sale Office Broker I D: IC2205
  • Sale Office City: Brawley
  • Sale Office I D: IC3508
  • Sale Office Name: Nava Commercial Capital & Real Estate Inc
  • Sale Office Phone: 760-623-1050
  • Sale Office State: CA
  • Sale Office Zip: 92227
  • Scheduled Actual: Actual
  • Unit Actual Rent1: 600.00
  • Unit Baths1: 1.00
  • Unit Baths2: 1.00
  • Unit Beds1: 1
  • Unit Beds2: 1
  • Unit Furnished1: No
  • Unit Furnished2: No
  • Unit Projected Rent1: 1100
  • Unit Projected Rent2: 1100
  • Unit Rent1: 600.00
  • Unit Rent2: 1100.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Laundry: Outside
  • Equipment: Refrigerator, Oven/Range-Gas
  • Living Area: 1132
  • Total Bathrooms: 2.00
  • Bedrooms: 2

Exterior Features

  • Construction: Stucco
  • Foundation: Permanent
  • Roof: Shingle
  • Stories: 1
  • Paved: False

Garage/Parking

  • Other Spaces: 4
  • Garage: Uncovered
  • Total Parking: 4

Utilities

  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water Heaters: True

Condo/Co-op/Association

  • No. of Units: 2

Lot Info

  • Lot Size Area: 6425
  • Total Assessed Value: 167250

Rental Info

  • Number Leased: 340
  • Owner Pays: Water
  • Lease Per Month Year: See Remarks

Multi Family

  • Water Expense: 220.00
  • Total Annual Expense: 220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2025
Closed on
Apr 2, 2025
Sold by
Weir Erika
Bought by
Weir Karl Alejandro
Seller's Agent
Berenice Martinez
Nava Commercial Capital & Real Estate Inc
Buyer's Agent
George Nava
Nava Commercial Capital & Real Estate Inc
List Price
$275,000
Sold Price
$242,000
Premium/Discount to List
-$33,000
-12%
Total Days on Market
1
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.51%

Purchase Details

Listed on
Mar 27, 2025
Closed on
Mar 31, 2025
Sold by
Shank Linda
Bought by
Weir Karl Alejandro
Seller's Agent
Berenice Martinez
Nava Commercial Capital & Real Estate Inc
Buyer's Agent
George Nava
Nava Commercial Capital & Real Estate Inc
List Price
$275,000
Sold Price
$242,000
Premium/Discount to List
-$33,000
-12%
Views
2

Purchase Details

Closed on
Oct 30, 2007
Sold by
Shank Linda
Bought by
Shank Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2007
Sold by
Shank Joel F
Bought by
Shank Linda

Purchase Details

Closed on
Jun 12, 2003
Sold by
Rem Properties Llc
Bought by
Shank Joel F and Shank Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Interest Rate
5.13%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 11, 2003
Sold by
Keiser Denise D
Bought by
Rem Properties Llc

Purchase Details

Closed on
May 15, 2002
Sold by
Watts William Chester and Watts Larry Arthur
Bought by
Keiser Denise D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.83%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Chicago Title
Grant Deed $242,000 Chicago Title
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $120,000 Chicago Title Co
Quit Claim Deed -- Chicago Title Co
Grant Deed $65,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $125,000 Balloon
Previous Owner $155,000 Commercial
Previous Owner $105,800 Commercial
Previous Owner $7,500 Unknown
Previous Owner $104,400 Commercial
Previous Owner $45,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 Sold $242,000 -12.0% $214 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
03/28/2025 03/28/25 For Sale $275,000 +13.6% $243 / Sq Ft
03/28/2025 03/28/25 Off Market $242,000 -- --
03/27/2025 03/27/25 For Sale $275,000 -- $243 / Sq Ft
Source: Imperial County Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,844 $163,971 $47,821 $116,150
2022 $1,846 $160,757 $46,884 $113,873
2021 $1,835 $157,606 $45,965 $111,641
2020 $1,834 $155,991 $45,494 $110,497
2019 $1,793 $152,933 $44,602 $108,331
2018 $1,752 $149,935 $43,728 $106,207
2017 $1,751 $146,996 $42,871 $104,125
2016 $1,687 $144,115 $42,031 $102,084
2015 $1,618 $141,951 $41,400 $100,551
2014 $1,593 $139,172 $40,590 $98,582
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Imperial County Association of REALTORS®

MLS Number: 25517221IC

Imperial County Association of REALTORS®

APN: 047-262-017-000