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Sold$600,000on Dec 15, 2025
470 W Olive Ave, EL CENTRO, CA 92243
10Beds
5Baths
2,400Sq Ft
20Days Listed
About This Property
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.
Virtual Tour
Property Location
Property Details
- Property Type
- Com-Res Income
- Bedrooms
- 10
- Bathrooms
- 5
- Building Area
- 2,400 Sqft
- Living Area
- 2,400 sqft
- Year Built
- 0
- Stories
- 1.0
- Status
- Sold
- Days on Market
- 20
- Cumulative Days on Market
- 20
- Original Price
- $599,900
Location & Neighborhood
Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.
El Centro Market Snapshot
9
Active Listings
$320K
Median Price
46
Avg Days on Market
Last updated: Dec 16, 2025
More Sold Properties in El Centro
View allListed by
Charles G Couri, Keller Williams Realty · 619-251-7476
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
$599,900