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505 Giles Ave, Calexico, CA 92231

$611,000
Last sold 02/04/2025 for $582K
8
bed
8
bath

Multi-family not for sale

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About 505 Giles Ave

Property type Multi-family

Year built 1975

HOA fee $0/month

Movoto estimate

Property description

4 Townhomes for sale in one building, they are well designed. Kitchen, living room and full bathroom downstairs, bedrooms and additional bathrooms are upstairs. 8 parking spaces for your tenants. Great location. Solid investment, good income and cash flow. Annual Cashflow $47,600 per year, A healthy Cap Rate of 8.21. especially in such a desirable location with stable demand. The cash flow is positive and substantial, making this property potentially a solid investment. The gross rent multiplier is 10.51

Listed by

Listing Agent - Manny Hernandez

Listing Office - American Group

Source: San Diego MLS

MLS#240028956 • last updated 1 year ago

Movoto checked San Diego MLS for data 5 minutes ago

Overview
Cooling/AC	Central Forced Air
Levels/Style	2 Story
Status	SOLD
Virtual Tour	N/A
SubType	Res Income 2-4 Units
MLS #	240028956
Short Sale (Y/N)	No
Year Built	1975

Exterior
Exterior	Stucco
Roof	Composition
Lot Desc	7, 500-10, 889 SF
Fencing	Partial

Amenities / Utilities
Additional Property Use	N/K
Security Features	N/K

Location
Neighborhood	Calexico
County	Imperial
Community	OUT OF AREA
Cross Street	5th
APN	058=452-012-000
Directions	North On Giles

Multifamily Details
Unit 2: Deposit	1150
Unit 3: Deposit	1150
Unit 3: SqFt	836
Unit 4: SqFt	836
Unit 2: # Bedrooms	2
Unit 4: Projected Rent	1200
Unit 1: Deposit	1150
Unit 3: # Bedrooms	2
Unit 1: Occupied	Tenant
Unit 1: # Total Baths	2
Unit 2: # Total Baths	2
Unit 3: # Total Baths	2
Unit 4: # Total Baths	2
Unit 3: # of Full Baths	2
Unit :1 # of Full Baths	2
Unit 4: # Bedrooms	2
Unit 1: SqFt	836
Unit 2: Occupied	Tenant
Unit 3: Occupied	Tenant
Unit 4: Occupied	Tenant
Unit 1: # Bedrooms	2
Unit 2: SqFt	836
Unit 3: Projected Rent	1200
Tenant Pays	Electricity
Unit 2: Actual Rent	1150
Unit 3: Actual Rent	1150
Unit 1: Projected Rent	1200
Unit 4: Actual Rent	1150
Unit 2: Projected Rent	1200
Unit 2: # of Full Baths	2
Unit 4: # of Full Baths	2
Unit 4: Deposit	1150
# Units w/Dishwashers	4
Total # of Units	4
# Units w/Cooling	4
Gross Rent Multiplier (Actual)	10.51
Gross Scheduled Income	55200