- $600k Price
- .19 Acres
- 21 DOM
470 W Olive Ave
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.
Essential Information
- MLS® #250038191SD
- Price$599,900
- Bathrooms0.00
- Acres0.19
- TypeCommercial Sale
- Sub-TypeMixed Use
- StatusActive
Community Information
- Address470 W Olive Ave
- CityEl Centro
- CountyImperial
- Zip Code92243
Interior
- HeatingWall Furnace
- CoolingWall/Window Unit(s)
Exterior
- ExteriorDrywall, Stucco, Frame
- RoofComposition
- ConstructionDrywall, Stucco, Frame
Additional Information
- Date ListedSeptember 5th, 2025
- Days on Market21
Listing Details
- AgentCharles Couri
- OfficeKeller Williams Realty
Charles Couri, Keller Williams Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of September 26th, 2025 at 8:41am PDT. 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.