$600,000
$599,900
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470 W OLIVE AVE El Centro, CA 92243
10 Beds
2,400 SqFt
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $250
MLS Listing ID 250038191
Sold Date 12/15/25
Bedrooms 10
Property Sub-Type Com-Res Income
Property Description
FANTASTIC INVESTMENT OPPORTUNITY IN EL CENTRO! THIS WEL MAINTAINED PROPERTY FEATURES FIVE STANDALONE COTTAGES, EACH CONSISTING OF 2-BEDROOMS AND 1-BATHROOM. ALL UNITS HAVE BEEN RECENTLY REMODELED AND INCLUDE MODERN UPGRADES SUCH AS VINYL FLOORING, DUAL PANE WINDOWS, AND NEWER MINI SPLIT SYSTEMS FOR EFFICIENT TEMPERATURE CONTROL. THIS COMPLEX IS CURRENTLY PRODUCING AN IMPRESSIVE 11%+ GROSS CAP RATE WITH ADDITIONAL UPSIDE POTENTIAL, MAKING IT AN EXCELLENT OPTION FOR BOTH 1031 EXCHANGES AND LONG TERM INVESTORS SEEKING STRONG RETURNS. THERE IS ROOM TO ADD A POSSIBLE SIXTH UNIT OR CREATE A COMMUNITY SPACE. THE PROPERTY IS IDEALLY LOCATED WITH EASY FREEWAY ACCESS, AMPLE STREET PARKING, OFFERING CONVENIENCE FOR TENANTS AND VISITORS ALIKE. THIS IS A TURNKEY, INCOME-PRODUCING ASSET IN A GROWING MARKET—A RARE CHANCE TO ACQUIRE A SOLID INVESTMENT WITH IMMEDIATE CASH FLOW.
Location
State CA
County Imperial
Direction GOOGLE MAPS OR WAZE
Interior
Heating Wall
Cooling Wall/Window
Flooring Wood
Fireplace No
Exterior
Parking Features Other/Remarks
View Y/N No
Roof Type Composition
Building
Story 1
Others
Senior Community No
Tax ID 053-193-017-000
Acceptable Financing Cash, Exchange Down, Exchange Up, VA, Other/Remarks
Listing Terms Cash, Exchange Down, Exchange Up, VA, Other/Remarks
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