El Centro Multifamily Investment
1034 Woodward Ave El Centro, CA 92243
For Sale
$675,000
MULTI_FAMILY - El Centro, CA
Property Size3,471 SF
Lot Size0.26 Acres
Price / SF$194.47
Days on Market568
Property Features for 1034 Woodward Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 10
- Parking features
- Side By Side, On Street, Driveway, Carport
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 044-361-007-000
- Size
- 3,471 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Description
- in Prelim
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Number of units
- 5
- Flooring type
- Tile - Ceramic
- Roof type
- Rolled Hot Mop, Composition, Shingle
Listing Agency:
Rubio Realty & Assoc.
(760) 693-5211
Listed By:
Sylvia Rubio · License #01134839
(760) 693-5211
Added: Jan 5, 2025
Changed: Jul 11
Last Checked: Jul 27 at 4:06AM
MLS# 25477131IC
Copyright © 2026 Imperial County Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This five-unit residential property presents an investment opportunity in El Centro, located one block from the Vons Shopping Center on Imperial Ave. The property features a versatile unit mix, including a 2-bedroom house and a 4-plex. The 4-plex contains two 2-bedroom units and two 1-bedroom units, catering to diverse tenant needs. The property is located in a centrally located neighborhood with convenient access to shopping, dining, and other services. The front house is approximately 1275 square feet, while the 4-plex is approximately 2392 square feet, with each unit ranging from approximately 650 to 545 square feet. The property is situated on a lot of approximately 0.258 acres. The property is zoned R-3. The property is an income producer with room for growth.
Key Highlights
- 5‑unit residential income property in El Centro, one block from Vons Shopping Center on Imperial Ave
- Front 2‑bedroom house approx. 1,275 SF; 4‑plex approx. 2,392 SF total
- 4‑plex unit mix: two 2‑bedroom units and two 1‑bedroom units (each unit approx. 650–545 SF)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $15.60 |
| − Vacancy | −$1.8k | −$0.51 |
| EGI | $52.4k | $15.09 |
| − OpEx | −$23.6k | −$6.79 |
| NOI | $28.8k | $8.30 |
3,471 SF · lease $15.60/SF/yr · vacancy 3.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$411.4K
$360.0K – $480.0K
NOI $28,798 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$885.4K
$774.7K – $1.03M
NOI $61,978 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit residential property near Vons Shopping Center in El Centro.
Where is this apartment building located?
The property is located at 1034 Woodward Ave El Centro, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 5‑unit residential income property in El Centro, one block from Vons Shopping Center on Imperial Ave; Front 2‑bedroom house approx. 1,275 SF; 4‑plex approx. 2,392 SF total; 4‑plex unit mix: two 2‑bedroom units and two 1‑bedroom units (each unit approx. 650–545 SF)
