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470 W Olive Ave, 
El Centro, CA 92243

$599,900


10

Beds


5

Baths


2,400

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Charles G Couri

Keller Williams Realty

Last updated:

September 16, 2025, 02:36 PM

MLS#

250038191

Source:

San Diego MLS via CRMLS

About This Home

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.

Home Facts

Multi-Family

5 Baths

10 Bedrooms

Price Summary

599,900

$249 per Sq. Ft.

MLS #:

250038191

Last Updated:

September 16, 2025, 02:36 PM

Added:

12 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

5

Interior

Living Area:

2,400 Sq. Ft.


Structure

Structure

Building Area:

2,400 Sq. Ft.


Finances & Disclosures

Finances

Price:

$599,900

Price per Sq. Ft:

$249 per Sq. Ft.

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