5-Unit Residential Income
1034 Woodward Ave El Centro, CA 92243
1034 Woodward Ave, El Centro, CA, 92243
$675,000
For Sale
$675,000
Five rental units include a front 2-bedroom house and a rear 4-plex with multiple 1- and 2-bedroom layouts.
Property Size3,471 SF
Price / SF$194.47
Days on Market561
Property Features for 1034 Woodward Ave
General Information
- Standard status
- Active
- Size
- 3,471 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
Listing agency
Rubio Realty & Assoc.
(760) 693-5211
Listed by
Sylvia Rubio · License #01134839
(760) 693-5211
Source
Exitrealty
Added: Jan 7, 2025 Updated: Jul 21 at 4:53PM Checked: Jul 21 at 4:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rubio Realty & Assoc.
Investment Insights
Based on property information with market context.
This for-sale 5-unit residential income property includes a front 2-bedroom house and a 4-plex with two 2-bedroom units and two 1-bedroom units. The seller reports the property has been kept in fairly good condition. The house is approximately 1,275 square feet, while the 4-plex is approximately 2,392 square feet, with each unit in the 4-plex reported around the 650 to 545 square foot range.
The property is located in El Centro, positioned about one block from Vons Shopping Center on Imperial Ave, with nearby walkable access to shopping and other services.
Overall, the unit mix provides diversity in rental layouts across five units, including both 1-bedroom and 2-bedroom options alongside the standalone front house.
The property is located in El Centro, positioned about one block from Vons Shopping Center on Imperial Ave, with nearby walkable access to shopping and other services.
Overall, the unit mix provides diversity in rental layouts across five units, including both 1-bedroom and 2-bedroom options alongside the standalone front house.
Key Highlights
- Five rental units built in 1981: a front 2‑bedroom house plus a rear 4‑plex with multiple layouts
- Front house is approx. 1,275 SF and offers 2 bedrooms
- 4‑plex is approx. 2,392 SF with two 2‑bedroom units and two 1‑bedroom units
Local 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
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five rental units include a front 2-bedroom house and a rear 4-plex with multiple 1- and 2-bedroom layouts.
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 rental units built in 1981: a front 2‑bedroom house plus a rear 4‑plex with multiple layouts; Front house is approx. 1,275 SF and offers 2 bedrooms; 4‑plex is approx. 2,392 SF with two 2‑bedroom units and two 1‑bedroom units
