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$580,000   Price Analysis
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1201 W US Highway 98
Calexico, CA 92231
5 bed 4 bath 4,253 SqFt ($136/SqFt)
4.0 acre lot. Built 1961
Listed 2022-12-20
USDA Eligible
near Calexico, CA
 Restrictions may apply
due to home size

Great investor's opportunity.

The Old Mt Signal Cafe restaurant building, two houses and a manufacture home renovated on 2 acres of land for a total of 4 , leaving 2 acres vacant with plenty of possibilities for more business as building storage units, etc. The contiguity with US HIGHWAY 98 makes it visible and accessible to the constant traffic of the highway .

The restaurant bulding is infront of the Highway and the two houses and manufacture home are in the back. The restaurant building is 1, 753 sqft with 2 bath and the proyected rent is $2, 500. The first house is about 1, 500sqft, 3 bed, 1bath and rents for $1, 500, second house is about 1, 000 sq ft, 2bed, 1bath and rents for $900. The manufacture home is about 1, 000 sqft, 3 bed, 1bath and is rent for $1, 000.


Presented by Dalila Flores-Ruiz at
CLI Realty Innovations.
Listing Agent Photo

Property MLS #22226299IC from ImperialValley

Bedrooms: 5

Total Bathrooms: 4.00
Full Bathrooms: 4

Dining, Living/Dining

Laundry Facilities: Outside

Cooling Features: Central
Heating Features: Central
Water Heaters: Electric

Flooring: Laminate, Tile

Carport Spaces: 2
Covered Spaces: 2
Parking Features: Assigned, Carport Attached, Private
Parking Total: 14

Lot Size Acres: 4.0
Lot Size Square Feet: 174240

Number of Buildings: 3
Number of Units: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 2.00
Total Bathrooms in Unit-2: 1.00
Total Bathrooms in Unit-3: 1.00
Total Bathrooms in Unit-4: 1.00
Unit 2 Total Actual Rent: 1500.00
Unit 3 Total Actual Rent: 900.00
Unit 4 Total Actual Rent: 1000.00

Gross Income: 70800
Gross Scheduled Income: 70800
Tenant Pays: Electric

Annual Tax Amount: 1996.70
Source Listing Status: ACTIVE
County: IMPERIAL
Directions: Going West on Highway 98 and Brockman Rd
Source Property Type: Residential Income
Area: 530
Source Neighborhood: 530
Number of Separate Electric Meters: 4
Owner Pays: Water
Parcel Number: 052-203-003-000
Postal Code Plus 4: 9413
Zoning: C -1
Property Subtype: 1 to 4 Units
Source System Name: C2C

Listed 2024-01-24
$580,000
TheMLSCLAW
Relisted 2024-01-05
$580,000
ImperialValley
Listing removed 2023-12-15
$0
ImperialValley
Price Changed 2023-10-03
$580,000
ImperialValley
Price Changed 2023-04-27
$620,000
ImperialValley
Listed 2022-12-20
$815,000
ImperialValley

Net Operating Income: 58050.00

Total Square Feet Living: 4253
Year Built: 1961
Property Age: 63
Property Condition: Repairs Major, Updated/Remodeled, Repair Cosmetic
Roof: Concrete Tile, Asphalt Shingle, Concrete
Levels or Stories: 1

Sewer: Septic
Water Source: IID

Other Equipment: Gas Or Electric Dryer Hookup, Ceiling Fan, Oven/Range-Electric

William Moreno Junior High School is a public middle school located approximately 7.2 miles away.
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Mains Elementary School is a public elementary school located approximately 7.5 miles away.
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Calexico High School is a public high school located approximately 8.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.