Residential Income Property with Open
New
For Sale
$215,000
375 E Ross Road 403, El Centro, CA 92243
A two-bedroom home offers an island kitchen, separate dining area, and a dedicated laundry room.
Property Size1,288 SF
Price / SF$166.93
Days on Market5
Property Features for 375 E Ross Road 403
General Information
Standard status
Active
Size
1,288 SF
Property subtype
ManufacturedInPark
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
clubhouse
swimming pool
Listing Agency:
Sean Feeney, Broker
Listed By:
Sean Feeney · License #01117041
(760) 801-6912
Source:
Tfregroup
Added: Sep 29
Last Checked: Oct 2 at 7:22PM
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 Sean Feeney, Broker
Investment Insights
Based on property information with market context.
This 1,288-square-foot home has an open living area connected to an island kitchen with seating and a separate dining space. The layout includes two bedrooms, two bathrooms, a laundry room, and a primary suite with a walk-in closet and dual-sink vanity. Central air conditioning, tall ceilings, recessed lighting, window blinds, and wood-look flooring are among the interior features.
The home is at 375 E Ross Road, unit 403, in El Centro, near Hwy 111. The active adult community includes a clubhouse and swimming pool.
The home is at 375 E Ross Road, unit 403, in El Centro, near Hwy 111. The active adult community includes a clubhouse and swimming pool.
Key Highlights
- 1,288‑square‑foot home with two bedrooms and two bathrooms
- Open living area connects to an island kitchen and separate dining area
- Primary suite features a walk‑in closet and dual‑sink vanity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,686
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$213,720
$213.7K
Cap Rate 7%
$152,657
$152.7K
Cap Rate 9%
$118,733
$118.7K
Market Conditions
NOI Build-Up for 1,288 SF
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.
Gross rent
$20.1K $15.60/SF
− Vacancy
−$663 −$0.51/SF
EGI
$19.4K $15.09/SF
− OpEx
−$8.7K −$6.79/SF
NOI
$10.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$213,720
Cap Rate 7%
$152,657
Cap Rate 9%
$118,733
Alternative Uses
Best Use
Apartment 5plus
$152.7K
$133.6K – $178.1K
NOI $10,686 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.6K
$287.5K – $383.3K
NOI $22,999 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom home offers an island kitchen, separate dining area, and a dedicated laundry room.
Where is this residential income property located?
The property is located at 375 E Ross Road 403 El Centro, CA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,288‑square‑foot home with two bedrooms and two bathrooms; Open living area connects to an island kitchen and separate dining area; Primary suite features a walk‑in closet and dual‑sink vanity
