NOT LISTED FOR SALE

500 Beach Ave Calexico, CA 92231

Estimated Value: $389,000 - $506,000

6 Beds
4 Baths
2,080 Sq Ft
$215/Sq Ft Est. Value

Last Sold December 17, 2024

Last sale price $400,000 $192 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,448/month

12 Days on Market

Highlights

  • Traditional Architecture
  • Bathtub with Shower
  • Tile Flooring
  • Corner Lot
  • Slab Porch or Patio
  • Central Heating and Cooling System

About This Home

As of December 2024

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.

Last Agent to Sell the Property

Ruben Moreno

Real Estate eBroker Inc. License #01488638 Listed on: 09/02/2024

Real Estate eBroker Inc.

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Chain Link Fence
  • Corner Lot

Parking

  • 4 Parking Spaces

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property
  • Gas Oven or Range

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Located Outside
  • Washer

Outdoor Features

  • Slab Porch or Patio

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 058-464-016-000

Community Details

Overview

  • 4 Units
  • Eastside Add Lot 9 Blk 24A Re Plat Of Blk 24 Easts Subdivision

Building Details

  • 4 Leased Units
  • Operating Expense $5,872

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Disclosures: Building Plans Available, Trust/Conservatorship
  • Lot Description: Fenced
  • Lot Location: Corner Lot
  • Style: Traditional
  • Lot Acreage: 0.1720
  • Lot Size: 50x150
  • Price/ Sq Ft: 211.54
  • Additional Assessor Parcel Numbers: False
  • Assessor Parcel Number: 058-464-016-000
  • Probate: False
  • Street Address: 500 Beach Ave
  • Street Name Display: True
  • Street Number Display: True
  • Year Built: 1978
  • Builders Tract Name: EASTSIDE ADD LOT 9 BLK 24A RE PLAT OF BLK 24 EASTS
  • State Abbrv: CA
  • ADA Compliant: False
  • Alley: True
  • Annual C F D Y N: False
  • Building Permit: True
  • Financial Infoas Of: 09/11/2024
  • Like Units2: 2
  • Number Electric Meters: 4
  • R V Access Y N: False
  • Sale Agent Board: Beverly Hills/GLAAR
  • Sale Agent Broker I D: X99999
  • Sale Agent First Name: Subscriber
  • Sale Agent I D: X99999
  • Sale Agent Last Name: Non
  • Sale Agent License Number: 13252
  • Sale Agent Office I D: X99999
  • Sale Agent Office Phone: 111-111-1111
  • Sale Broker License Number: 13252
  • Sale Office Address1: Combined La Westside/Mls
  • Sale Office Broker I D: X99999
  • Sale Office City: Los Angeles
  • Sale Office I D: X99999
  • Sale Office Name: Non-Participant Office
  • Sale Office Phone: 111-111-1111
  • Sale Office State: CA
  • Sale Office Zip: 90035
  • Scheduled Actual: Actual
  • Unit Actual Rent1: 1680.00
  • Unit Actual Rent2: 2000.00
  • Unit Baths1: 1.00
  • Unit Baths2: 1.00
  • Unit Beds1: 1
  • Unit Beds2: 2
  • Unit Furnished1: No
  • Unit Furnished2: No
  • Unit Projected Rent1: 950
  • Unit Projected Rent2: 1200
  • Unit Rent1: 840.00
  • Unit Rent2: 1000.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bathroom Features: Shower and Tub, Shower Stall
  • Flooring: Tile, Vinyl Plank
  • Interior Amenities: Common Walls
  • Laundry: Outside
  • Number Range: 4
  • Number Refrigerator: 4
  • Equipment: Oven/Range-Gas, Refrigerator, Washer
  • Laundry Equipment: Own
  • Living Area: 2080
  • Total Bathrooms: 4.00
  • Bedrooms: 6

Exterior Features

  • Construction: Stucco
  • Fence: Chain Link
  • Foundation: Slab
  • Patio: Slab, Other - See Remarks
  • Roof: Composition, Shingle
  • Spa: None
  • Tennis Court: None
  • Stories: 1
  • Paved: False

Garage/Parking

  • Other Spaces: 4
  • Garage: Shared Driveway
  • Total Parking: 4

Utilities

  • Security: None
  • Sewer: City
  • Sprinklers: None
  • Water: City
  • Water Heater: Gas
  • Cooling: Central
  • Heating: Central
  • Number Gas Meters: 4
  • Water Meters: 4
  • Water Heaters: True

Condo/Co-op/Association

  • No. of Units: 4

Lot Info

  • Lot Size Area: 7500
  • Additions Alterations: False
  • Total Assessed Value: 109999

Rental Info

  • Number Leased: 4
  • Owner Pays: Water, Other
  • Lease Per Month Year: Year
  • RentControlYN: False

Building Info

  • Spa Yn: False

Tax Info

  • Tax Expense: 1366.00
  • Tax Percent: 1.00
  • Tax Rate Year: 2024
  • Tax Total: 1365.56

Multi Family

  • TenantPays: Electricity, Gas, Other
  • Water Expense: 3864.00
  • Price Per Unit: 110000.00
  • Total Annual Expense: 5872
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2024
Sold by
Lorenia Montano Tellez 2000 Trust and Montano Ernest
Bought by
Tang Kaihoo
Current Estimated Value
$446,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Tang Kaihoo $400,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tang Kaihoo $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2024 12/17/24 Sold $400,000 -9.1% $192 / Sq Ft
09/14/2024 09/14/24 Pending -- -- --
09/02/2024 09/02/24 For Sale $440,000 -- $212 / 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
2025 $1,394 $400,000 $100,000 $300,000
2023 $1,394 $109,999 $13,048 $96,951
2022 $1,350 $107,843 $12,793 $95,050
2021 $1,311 $105,730 $12,543 $93,187
2020 $1,262 $104,647 $12,415 $92,232
2019 $1,226 $102,596 $12,172 $90,424
2018 $1,215 $100,585 $11,934 $88,651
2017 $1,127 $98,613 $11,700 $86,913
2016 $1,076 $96,680 $11,471 $85,209
2015 $1,057 $95,229 $11,299 $83,930
2014 $1,032 $93,364 $11,078 $82,286
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Imperial County Association of REALTORS®

MLS Number: 24437605IC

Imperial County Association of REALTORS®

APN: 058-464-016-000