NOT LISTED FOR SALE

444 W Olive Ave El Centro, CA 92243

Estimated Value: $486,944 - $662,000

3 Beds
2 Baths
2,604 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: February 25, 2019

Last sale price $275,000 $106 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $3,583 / mo

38 Days on Market

Highlights

  • Property is near park and public transit
  • No HOA
  • Accessible Parking
  • Lawn
  • Laundry Room
  • Parking Storage or Cabinetry

About This Home

As of February 2019

This single level FOUR PLEX in El Centro provides wonderful investment opportunity. 3-two bedroom one bath units plus 1-one bedroom 1 bath unit currently at under market rents. The adjacent property at 454 W Olive is it's mirror image and is also available for sale. (SW18263411) The two buildings are divided by a bougainvillea "fence". The exterior building has deferred maintenance but the interiors are in good condition! Many long term tenants here that care for their units. All are month to month. DO NOT DISTURB TENANTS. Units will be shown with accepted offer. Cash offers preferred as roof needs repair. Zoning map attached. Shows CO Office commercial. Possible future value in office units? Buyer to verify all details regarding usage and zoning. Buyer may need to accomodate 1031 Exchange.

Last Agent to Sell the Property

Sandy Hermes

Coldwell Banker Realty License #00882719 Listed on: 10/30/2018

Coldwell Banker Realty

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,249

Year Built

  • Built in 1988

Lot Details

  • 8,416 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Property fronts an alley
  • No Common Walls
  • West Facing Home
  • Security Fence
  • Wood Fence
  • Needs Fence Repair
  • Rectangular Lot
  • Lawn
  • Front Yard

Home Design

  • Quadruplex
  • Fixer Upper
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,604 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Parking Lot
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Air Source Heat Pump
  • Overhead Utilities
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Property is near park and public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 29 / 34
  • Assessor Parcel Number 053193014000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $360
  • Gardener Expense $300
  • Pest Control $170
  • Water Sewer Expense $2,400
  • New Taxes Expense $2,249
  • Operating Expense $5,479

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,249

Year Built

Built in 1988

Lot Details

8,416 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: CO
  • Property Condition: Fixer
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 053193014000
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 105.61
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Other Structures: Storage
  • Fence: Yes
  • Fencing: Needs Repair, Security, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Built-In Storage, Parking Space, Unassigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Gas Water Heater
  • Electric: 220 Volts in Kitchen
  • Heating Type: Heat Pump
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Hookup, Washer Included
  • Pest Control Expense: 170.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Heat Pump, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Utilities - Overhead
  • Lot Size: 50 x 140
  • Lot Size Sq Ft: 8416.00
  • Lot Size Acres: 0.1932

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 420 Square Feet
  • Average2 Bed Area: 620 Square Feet
  • Electric Expense: 360.00
  • Gross Scheduled Income: 27600.00
  • Lot Size Area: 8416.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: No
  • Total Actual Rent: 2300.00
  • Total Expenses: 5479.00

Tax Info

  • New Taxes Expense: 2249.00
  • Tax Block: 34
  • Tax Census Tract: 116.00
  • Tax Lot: 29
  • Tax Rate: 1.02
  • Tax Annual Amount: 2248.64
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2023
Sold by
Bought by
Current Estimated Value
$577,236

Purchase Details

Closed on
Sep 30, 2022
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.4%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- --
$275,000 Stewart Title Of California
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/25/2019 02/25/19 Sold $275,000 0.0% $106 / Sq Ft
11/28/2018 11/28/18 Off Market $275,000 -- --
10/30/2018 10/30/18 For Sale $290,000 -- $111 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,793 $520,200 $78,030 $442,170
2023 $5,793 $500,000 $75,000 $425,000
2022 $3,295 $289,072 $68,325 $220,747
2021 $3,212 $283,405 $66,986 $216,419
2020 $3,273 $280,500 $66,300 $214,200
2019 $2,260 $193,678 $41,215 $152,463
2018 $2,249 $189,881 $40,407 $149,474
2017 $2,226 $186,159 $39,615 $146,544
2016 $2,182 $182,510 $38,839 $143,671
2015 $2,151 $179,769 $38,256 $141,513
2014 $2,104 $176,248 $37,507 $138,741
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW18263426

California Regional Multiple Listing Service (CRMLS)

APN: 053-193-014-000

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