El Centro, CA 92243,470 W OLIVE AVE
El Centro, CA 92243,470 W OLIVE AVE
El Centro, CA 92243,470 W OLIVE AVE
17
$600,000
$599,900
Est.Price: ?

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470 W OLIVE AVE El Centro, CA 92243

Est. payment /mo
SOLD DATE : 12/15/2025

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Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 250038191SD

Property Sub-Type Mixed Use

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.

Location

State CA

County Imperial

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Exterior

Roof Type Composition

Others

Acceptable Financing Cash, VA Loan

Listing Terms Cash, VA Loan

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CRMLS – RECore
Listed by Charles Couri Keller Williams Realty
Bought with Lisa Boyer First Principles RE

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Valerie Cites

Valerie Cites

Realtor® | License ID: 01986637

+1(858) 752-8232

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