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Listed by DMA Real Estate
$ 269,000
Est. payment /mo
Pending
922 E 3rd St Calexico, CA 92231
5 Beds
1 Bath
976 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type House
Listing Status Pending
Purchase Type For Sale
Square Footage 976 sqft
Price per Sqft $275
MLS Listing ID 26767421IC
Bedrooms 5
Full Baths 1
Year Built 1920
Lot Size 7076.000 Acres
Property Sub-Type House
Property Description
Don't miss this versatile, income-producing property with an R3 Lot, located in a desirable central Calexico neighborhood. The existing home features 5 bedrooms and is currently leased by the room, generating approximately $2,000/month in rental income in as-is condition. A new roof has just been installed, adding immediate value and reducing upfront maintenance costs. Zoned R-3, this lot offers exceptional development potential build apartments, condominiums, or a duplex, similar to neighboring properties. This property offers multiple strategies for investors:Keep the current home and collect cash flow while building in the back, Renovate the existing home to increase rental income, Build a duplex or additional unit(s) in the back or Build an 8Plex like the neighboors (buyer to verify). Explore higher-density potential, as nearby properties have been developed with up to 8 units. Situated on a large lot with alley access, the property provides flexibility for expansion and construction access. Conveniently located near schools, shopping, and downtown, it's well-positioned for long-term rental demand.A rare opportunity to invest, develop, and grow your portfolio in a high-potential area. Don't miss out on all this property has to offer.
Location
State CA
County Imperial
Area 530
Rooms
Dining Room 0
Interior
Heating None
Cooling Window Unit(s)
Flooring Vinyl, Carpet, Mixed
Equipment Oven/Range-Gas
Laundry Outside
Exterior
Exterior Feature Wood
Parking Features Driveway, On street, Uncovered, Parking Space, Oversized, RV Possible
Garage Spaces 5.0
Fence Chain Link
Pool None
Roof Type Asphalt Shingle
Private Pool No
Building
Story 1
Foundation Raised Foundation
Sewer City
Structure Type Wood
Others
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS