1990 Cottonwood Circle, 1996, El Centro, CA 92243 (MLS# 219113460)

1990 Cottonwood Circle, 1996, El Centro, CA 92243

$2,875,000
Property Type: Commercial Sale Square Footage: 18,444 Status: Closed
Current Price: $2,875,000 List Date: 6/27/2024 Last Modified: 11/20/2024

Overview

Description

A rare investment opportunity in El Centro! This is your opportunity to own a long time family owned 28-unit apartment complex with 7 buildings. The units range from 1 bedroom, 1 bath to 2 bedroom, 1 bath. The complex features charming courtyards and some covered carports. It is conveniently located near the Interstate 8 freeway onramp and Imperial Avenue, close to El Centro Regional Hospital and local schools. The property has long-term tenants with low turnover. Here's your chance to add to your portfolio or create generational wealth.

Listing Details MLS# 219113460

General Property Information

Approx SqFt
18444
SqFt Source
Assessor
Zoning
R-3
Year Built
1977

Property Features

Business Type: Residential Sale Type: Standard Financing: Submit Listing Terms: Standard Sale Owner Pays: Insurance; Sewer; Taxes; Water Tenant Pays: A/C; Electric Asset Class: Multi-Family Land Use: Multi-Family Exterior Construction: Stucco Heating: Electric Laundry: Community; Room Roofing: Shingle Water: Public Utilities: Electricity Connected Disclosures: Property As Is

Listing Location and Property Info

APN
052334002000
Original List Price
3499990
Property Sub-Type
Multi Family
Street #
1990
Street Name
Cottonwood
Street Suffix
Circle
County
Imperial
State
CA
Zip Code
92243
Area
ELCN - El Centro
Country
US

Status Change Info

Status Change Date
2024-08-27
Pending Date
2024-07-09
Closed Date
2024-08-21
Closed Price
2875000

Expenses

Annual Electric Expense
2703
Annual Insurance Expense
18000
Annual Maintenance Expense
3000
Annual Professional Management Expense
14622
Annual Resident Manager Expense
3000
Annual Trash Expense
4239
Annual Water/Sewer Expense
7392

Income

Effective Gross
254064
Laundry Income
2400

More Information

Parking SpacesInformation

Total Carport Spaces
14
Total Uncovered/Assigned Spaces
20
Total Parking Spaces
34

Listing, Location and Property Info

Entry Date
2024-06-26
Unit #
1996

Owner Pays

Insurance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Business Type

Residential
Yes

Tenant Pays

A/C
Yes
Electric
Yes

Utilities

Electricity Connected
Yes

Sale Type

Standard
Yes

Listing Terms

Standard Sale
Yes

Financing

Submit
Yes

Asset Class

Multi-Family
Yes

Disclosures

Property As Is
Yes

Land Use

Multi-Family
Yes

Exterior Construction

Stucco
Yes

Heating

Electric
Yes

Laundry

Community
Yes
Room
Yes

Roofing

Shingle
Yes

Water

Public
Yes
Listing Office: Prince & Associates Realtors
Listing Agent: Sherry Cowie
Last Updated: November - 20 - 2024
Information deemed reliable but not guaranteed.

Scroll to Top