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$600,000
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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.
Full Property Details
Full Property Details for 470 W Olive Ave
General
- Sold For: $600,000
- Status: Closed
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 250038191
- Added to Site: 133 day(s) ago
Interior
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 10
Parking
- Parking Features: Other/Remarks
Location
- Area: IMP CTY-EL CENTR (92243)
- County: Imperial
- Driving Directions: GOOGLE MAPS OR WAZE
Heating & Cooling
- Cooling Type: Wall/Window Air Conditioning
- Heating Type: Wall
Structural Information
- # Buildings: 5
- Structure Type: Other/Remarks
- Detached/Attached: Detached
- Construction: Metal Fence
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 2,400
- Sq. Ft. Source: Taped
- Living Area: 2,400 Sq. Ft.
Unit Information
- Units in Building: 5
Lot Features
- Lot Size (Acres): 0.19
- Lot Size: .19
Financial Considerations
- Operating Expenses: $2,400
- Terms: Cash, Exchange Down, Exchange Up, VA, Other/Remarks
Disclosures and Reports
- Property ID: 053-193-017-000
Listed by Keller Williams Realty (619) 469-0700, Charles G Couri
First Principles RE (619) 251-7476
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Schools
Schools serving 470 W Olive Ave
School Districts:El Centro Elementary School District, Central Union High School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, El Centro, CA 200 North 12th Street, El Centro, CA 92243 | K-6 | 0.7 mi |
Kennedy Middle School 900 North 6th Street, El Centro, CA 92243 | 7-8 | 0.8 mi |
Central Union High School 1001 West Brighton Avenue, El Centro, CA 92243 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 470 W Olive Ave
Date
Details
Price
Change
Source
12/15/2025
Sold
$600,000
0.02%
MLS
9/05/2025
Listed
$599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
470 W Olive Ave, El Centro, CA 92243 (MLS# 250038191) is a Multi-Family property that was sold at $600,000 on December 15, 2025. Want to learn more about 470 W Olive Ave? Do you have questions about finding other Multi-Family real estate for sale in El Centro? You can browse all El Centro real estate or contact a Coldwell Banker agent to request more information.
