470 W Olive Ave, El Centro, CA 92243

Local realty services provided by:ERA North Orange County Real Estate
470 W Olive Ave,El Centro, CA 92243
$599,900
Virtual Tour
  • 10 Beds
  • 5 Baths
  • 2,400 sq. ft.
  • Multi-family
  • Active
Listed by:charles g couri
Office:keller williams realty
MLS#:250038191
Source:San Diego MLS via CRMLS

Price summary

  • Price:$599,900
  • Price per sq. ft.:$249.96

About this home

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.

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Home facts

  • Listing ID #:250038191
  • Added:23 day(s) ago
  • Updated:September 29, 2025 at 02:18 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Living area:2,400 sq. ft.

Heating and cooling

  • Cooling:Wall/Window
  • Heating:Wall

Structure and exterior

  • Roof:Composition
  • Building area:2,400 sq. ft.

Finances and disclosures

  • Price:$599,900
  • Price per sq. ft.:$249.96
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