$325,000
SOLD NOV 5, 2024

543 W Olive Ave Unit 547 El Centro, CA 92243

3 Beds
3 Baths
2,092 Sq Ft
8,067 Sq Ft Lot

Recently Sold

$155 Per Sq Ft

13% Below List Price

98 Days on Market

Highlights

  • Wood Flooring
  • Combination Dining and Living Room
  • 1-Story Property
  • Laundry Room

About This Home

As of November 2024

Wonderful opportunity to build your rental portfolio. This property is affordable with tons of potential to build on. The units are older but have good bones, lots of potential for remodeling and potential for great rental income. There is also potential to build additional unit or possibly more. Each unit has its own water, electric and gas meter, so owner expenses will be low. Each unit also has a laundry hook ups. This property has been owned by the same family for decades.

Last Agent to Sell the Property

Rachelle Wilkinson

Coldwell Banker The Wilkinson Team License #01522700 Listed on: 06/24/2024

Coldwell Banker The Wilkinson Team

Last Buyer's Agent

Estela Gonzalez

Coldwell Banker The Wilkinson Team License #02050561

Coldwell Banker The Wilkinson Team

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,370

Year Built

  • Built in 1938

Lot Details

  • 8,067 Sq Ft Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,092 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Gas Oven or Range

Flooring

  • Wood
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer Hookup

Parking

  • 3 Parking Spaces
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Gas Water Heater

Community Details

  • 3 Units
  • Operating Expense $126

Listing and Financial Details

  • Tenant pays for gas, electricity, water
  • Assessor Parcel Number 053-192-005-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,370

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Disclosures: None
  • Lot Acreage: 0.1850
  • Price/ Sq Ft: 179.25
  • Assessor Parcel Number: 053-192-005-000
  • Street Address: 543 W Olive Ave
  • Street Name Display: True
  • Street Number Display: True
  • Year Built: 1938
  • State Abbrv: CA
  • Annual C F D Y N: False
  • Like Units1: 1
  • Like Units2: 1
  • Like Units3: 1
  • Number Of Photos: 4
  • Sale Agent Board: OUT OF AREA BOARD
  • Sale Agent Broker I D: IC2258
  • Sale Agent Cell: 702-528-3179
  • Sale Agent Email: gonzaestela@gmail.com
  • Sale Agent First Name: Estela
  • Sale Agent I D: IC128808
  • Sale Agent Last Name: Gonzalez
  • Sale Agent License Number: 02050561
  • Sale Agent Office I D: IC3055
  • Sale Agent Office Phone: 760-352-7700
  • Sale Agent Phone: 702-528-3179
  • Sale Agent Website: http://homesforsaleinimperialvalley.com
  • Sale Broker License Number: 01522700
  • Sale Office Address1: 1523 W. Main Street.
  • Sale Office Address2: Suite 111
  • Sale Office Broker I D: IC2258
  • Sale Office City: El Centro
  • Sale Office Fax: 760-352-7701
  • Sale Office I D: IC3055
  • Sale Office Name: Coldwell Banker The Wilkinson Team
  • Sale Office Phone: 760-352-7700
  • Sale Office State: CA
  • Sale Office Website: http://TheWilkinsonTeam.com
  • Sale Office Zip: 92243
  • Scheduled Actual: Actual
  • Unit Actual Rent2: 475.00
  • Unit Actual Rent3: 450.00
  • Unit Baths1: 1.00
  • Unit Baths2: 1.00
  • Unit Baths3: 1.00
  • Unit Beds1: 1
  • Unit Beds2: 1
  • Unit Furnished1: No
  • Unit Furnished2: No
  • Unit Furnished3: No
  • Unit Projected Rent1: 900
  • Unit Projected Rent2: 900
  • Unit Projected Rent3: 900
  • Unit Rent1: 900.00
  • Unit Rent2: 900.00
  • Unit Rent3: 900.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Linoleum, Wood
  • Laundry: Room
  • Equipment: Oven/Range-Gas, Gas Or Electric Dryer Hookup
  • Living Area: 2092
  • Total Bathrooms: 3.00
  • Bedrooms: 3

Exterior Features

  • Roof: Asphalt, Other
  • Stories: 1

Garage/Parking

  • Other Spaces: 3
  • Garage: On street
  • Total Parking: 3

Utilities

  • Sewer: City
  • Water: City
  • Water Heater: Gas, Electric
  • Cooling: Window Unit(s)
  • Heating: None
  • Water Heaters: True

Condo/Co-op/Association

  • No. of Units: 3

Lot Info

  • Lot Size Area: 8067

Rental Info

  • Owner Pays: Other

Multi Family

  • TenantPays: Gas, Electricity, Water
  • Total Annual Expense: 126.42
  • Type Of Units: Cottages

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Oct 25, 2024
Sold by
Ramona G Espinoza Revocable Trust and Espinoza Maria Guadalupe
Bought by
Minturn Josh
Seller's Agent
Rachelle Wilkinson
Coldwell Banker The Wilkinson Team
Buyer's Agent
Estela Gonzalez
Coldwell Banker The Wilkinson Team
List Price
$375,000
Sold Price
$325,000
Premium/Discount to List
-$50,000
-13.33%
Views
41
Current Estimated Value
$327,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,894
Avg. Annual Appreciation
0.97%
Original Mortgage
$260,000
Outstanding Balance
$257,397
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$70,497

Purchase Details

Closed on
Dec 16, 2004
Sold by
Espinoza Ramona G
Bought by
Espinoza Ramona G and Ramona G Espinoza Revocable Tr

Purchase Details

Closed on
Jun 5, 2003
Sold by
Espinoza Arturo O
Bought by
Espinoza Ramona G
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
Grant Deed $325,000 Chicago Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2024 11/05/24 Sold $325,000 -13.3% $155 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
08/12/2024 08/12/24 For Sale $375,000 0.0% $179 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $375,000 -- $179 / 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 $1,370 $325,000 $75,000 $250,000
2023 $1,370 $114,288 $22,616 $91,672
2022 $1,309 $112,048 $22,173 $89,875
2021 $1,277 $109,852 $21,739 $88,113
2020 $1,301 $108,727 $21,517 $87,210
2019 $1,263 $106,596 $21,096 $85,500
2018 $1,256 $104,507 $20,683 $83,824
2017 $1,244 $102,459 $20,278 $82,181
2016 $1,220 $100,451 $19,881 $80,570
2015 -- $98,943 $19,583 $79,360
2014 -- $97,006 $19,200 $77,806
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Imperial County Association of REALTORS®

MLS Number: 24407829IC

Imperial County Association of REALTORS®

APN: 053-192-005-000