155 G St Brawley, CA 92227
- Apartment buildings
- 7,920 SF
- 0.53 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 155 G St
- Year built
- 1964
- Lot size
- 0.53 lot acres
- Property size
- 7,920 SF
- Property type
- Apartment buildings
- APN
- 048-052-022-000
- APU
- 48052022000
Description
This exceptional 21-unit multifamily property presents a compelling investment opportunity in the thriving city of Brawley, California, located at 155 G Street. The complex offers a balanced mix of 16 two-bedroom units and 5 one-bedroom units, catering to a diverse tenant base. This translates to a substantial annual income estimated at approximately $237,000, providing immediate cash flow for the new owner. The property's strong performance is attributed to its high occupancy rates, a testament to its desirable location and well-maintained condition. The turnkey nature of this investment minimizes the need for extensive renovations or management adjustments upon acquisition. This makes it an ideal choice for investors seeking a stable and profitable addition to their portfolio. The property is situated in Brawley, CA, offering convenient access to local amenities and services. The unit configuration, with its blend of one and two-bedroom apartments, ensures a broad appeal to a wide range of renters. This well-established property is ready for immediate ownership and offers a significant return on investment. The current high occupancy rates demonstrate the consistent demand for housing in this location. This is a rare opportunity to acquire a profitable, established multifamily property in a growing market. The property's strong financial performance and minimal management requirements make it an attractive investment for both seasoned and new investors.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,095,000
- 6.5%
- $1,010,000
- 7%
- $940,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $725,000
Market price range: $309k - $947k -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $615,000 Current use
- RETAIL STORES
- $1,070,000 Change: +74% Conversion: Difficult
- RESTAURANT
- $885,000 Change: +44% Conversion: Difficult
- OFFICE BUILDING
- $770,000 Change: +26% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Brawley
- County
- Imperial
- State
- California
- Longitude
- -115.54
- Latitude
- 32.9779
- CBSA code
- 20940
- CBSA name
- EL CENTRO, CA METROPOLITAN STATISTICAL AREA
