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Listed by eXp Realty of California Inc
$ 375,000
Est. payment /mo
Contingent
116 W 12th St Imperial, CA 92251
4 Beds
3 Baths
6,593 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 1 to 4 Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 26786777IC
Bedrooms 4
Year Built 1973
Lot Size 6593.000 Acres
Property Sub-Type 1 to 4 Units
Property Description
This exceptional multifamily opportunity features three separate living units on a single spacious lot, offering immediate cash flow with significant future growth potential. The property includes a duplex with two comfortable 1-bedroom, 1-bath units and a separate detached 2-bedroom, 1-bath house. Each unit has its own entrance and private feel, making it easy to manage and attractive to tenants. Current rents are $800, $700, and $800 per month, with strong upside to projected market rents of $1,000, $1,000, and $1,500.Perfect for investors seeking turnkey income or savvy buyers looking for a value-add play. The generous lot size provides excellent space for a potential additional Accessory Dwelling Unit (ADU) buyer to verify with local zoning which could create even more rental income or multigenerational living options in this high-demand rental market. Whether you're an investor building a portfolio, an owner-occupant who wants to live in one unit while renting the others, or someone planning for future expansion, this property delivers flexibility and long-term value. The configuration supports easy tenant turnover and strong cash-on-cash returns once stabilized. Don't miss this rare chance to own a true compound-style multifamily asset with built-in expansion possibilities. Full rent roll, income/expense history, and pro forma available upon request. Call your realtor today to schedule a private showing and see the income potential for yourself.
Location
State CA
County Imperial
Area 580
Zoning R2
Interior
Heating Central
Cooling Central
Flooring Tile
Equipment None
Laundry Laundry Area
Exterior
Parking Features Driveway
Garage Spaces 2.0
Roof Type Asphalt Shingle
Building
Story 1
Sewer City
Others
Special Listing Condition Standard
Nearby Locations