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    470 W Olive Ave El Centro, CA 92243

    Pending
    For Sale
    $599,900

    MULTI_FAMILY - El Centro, CA

    Property size:
    2,400 SF
    Lot size:
    0.19 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 470 W Olive Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 10, Bedroom 3, Bedroom 5, Bedroom 9, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 5, Bedroom 8
    Bedrooms
    10
    Bathrooms
    5
    APN
    053-193-017-000
    Parking features
    Other
    Size
    2,400 SF
    Lot size
    0.19 Acres

    Utilities

    Cooling system
    Wall/Window Unit(s)

    Building Details

    Floors in Building
    1
    Number of units
    5
    Flooring type
    Wood
    Roof type
    Composition

    Keller Williams Realty (619) 667-8049 [email protected]

    Listing agent Charles G Couri (619) 469-0700 License #01825982

    Listing date Oct 5, 2025

    Copyright © 2025 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    El Centro Multifamily Investment Opportunity

    This well-maintained property in El Centro, California, presents a fantastic investment opportunity. It features five standalone cottages, each with 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. The 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. The 0.19-acre lot has room to add a possible sixth unit or create a community space. The property is ideally located with easy freeway access and ample street parking, offering convenience for tenants and visitors alike. This turnkey, income-producing asset, totaling 2,400 square feet, is a rare chance to acquire a solid investment with immediate cash flow in a growing market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Centro
    County
    Imperial
    State
    California
    Longitude
    -115.554069
    Latitude
    32.791026

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    FAQs

    What type of property is this?
    Apartment building - Remodeled five-unit complex in El Centro with high income potential.
    Where is this apartment building located?
    The property is located at 470 W Olive Ave El Centro, CA.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Impressive 11%+ Gross Cap Rate with Additional Upside Potential.; - Five Standalone Cottages, each featuring 2-Bedrooms and 1-Bathroom.; - Recently Remodeled Units with Modern Upgrades including Vinyl Flooring, Dual Pane Windows, and Mini Split Systems.
    (619) 469-0700
    Request Owner's contact information
    470 W Olive Ave El Centro, CA 92243
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    El Centro, CA 92243
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    470 W Olive Ave El Centro, CA 92243
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