Five-Unit Apartment
For Sale
$675,000
1034 Woodward Ave, El Centro, CA 92243
Residential Income, El Centro, CA
Property Size3,471 SF
Lot Size0.26 Acres
Price / SF$194.47
Days on Market669
Property Features for 1034 Woodward Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 5, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 6, Bedroom 3
Parking
10
Parking features
Side By Side, Carport, Driveway, On Street
Fencing
Chain Link
Lot features
Fenced
Directions
N. on Imperial Avenue, East on Woodward Ave.
Subdivision
550
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
Legal 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
Shingle, Rolled Hot Mop, Composition
Buildings
2
Listing Agency:
Rubio Realty & Assoc.
Listed By:
Sylvia Rubio · License #01134839
(760) 693-5211
Added: Jan 5, 2025
Changed: Oct 26
Last Checked: Nov 4 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This five-unit apartment property combines a two-bedroom house at the front with a fourplex containing two additional two-bedroom apartments and two one-bedroom apartments. The property includes central air, ceramic tile flooring, composition and shingle roofing elements, chain-link fencing, and a mix of driveway, carport, side-by-side, and on-street parking. It was built in 1981 and occupies approximately 0.258 acres.
The property is located at 1034 Woodward Ave in El Centro, approximately one block from Vons Shopping Center on Imperial Ave. Shopping, dining, and other services are described as accessible on foot, with the site positioned in a central El Centro neighborhood. R-3 zoning supports the property’s multifamily classification.
The property is located at 1034 Woodward Ave in El Centro, approximately one block from Vons Shopping Center on Imperial Ave. Shopping, dining, and other services are described as accessible on foot, with the site positioned in a central El Centro neighborhood. R-3 zoning supports the property’s multifamily classification.
Key Highlights
- Five‑unit configuration with one two‑bedroom house and a fourplex
- Fourplex includes two 2‑bedroom units and two 1‑bedroom units
- Approximately 0.258 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,798
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,960
$576.0K
Cap Rate 7%
$411,400
$411.4K
Cap Rate 9%
$319,978
$320.0K
Market Conditions
NOI Build-Up for 3,471 SF
Gross rent
$54.1K $15.60/SF
− Vacancy
−$1.8K −$0.51/SF
EGI
$52.4K $15.09/SF
− OpEx
−$23.6K −$6.79/SF
NOI
$28.8K $8.30/SF
Area
Imperial County, CA
Vacancy
3.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,960
Cap Rate 7%
$411,400
Cap Rate 9%
$319,978
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 authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
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Business Placement
Demographics for 92243, CA
49,149
Population
15,908
Households
3.1
Avg Household Size
36
Median Age
16%
College-Educated
74%
High-School Grad
113.3 sq mi
ZIP Area
434
Density / Sq Mi
$55,890
Median Household Income
$31,170
Median Earnings
$992
Median Rent
$286,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - R-3-zoned property with a two-bedroom house and four additional apartments near Vons Shopping Center.
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: Five‑unit configuration with one two‑bedroom house and a fourplex; Fourplex includes two 2‑bedroom units and two 1‑bedroom units; Approximately 0.258 acres
