Quadplex with Solar
New
For Sale
$675,000
534 W Olive Ave, El Centro, CA 92243
Residential Income, A-Frame, El Centro, CA
Property Size2,650 SF
Lot Size0.20 Acres
Price / SF$254.72
Days on Market2
Property Features for 534 W Olive Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 8, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 1
Parking
8
Directions
google maps
Subdivision
550
Standard status
Active
APN
053-191-009-000
Size
2,650 SF
Lot size
0.20 Acres
Utilities
Heating system
Central
Amenities
solar panels
Building Details
Year built
2023
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate, Linoleum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Real Estate/Mortage Express
Listed By:
Ralph Bowen · License #01200007
(760) 455-0455
Added: Nov 5
Last Checked: Nov 6 at 10:06AM
MLS# 26106684IC
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 2023-built quadplex in El Centro contains 2,650 square feet across four units on a 0.196-acre parcel. Solar panels and central heating are among the property’s documented features. Interior finishes include linoleum, carpet, and laminate flooring, with an asphalt roof. The property is zoned R3.
Key Highlights
- Four‑unit property totaling 2,650 square feet
- Built in 2023 on a 0.196‑acre lot
- Solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,720
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,400
$474.4K
Cap Rate 7%
$338,857
$338.9K
Cap Rate 9%
$263,556
$263.6K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$35.0K $13.20/SF
− Vacancy
−$1.1K −$0.41/SF
EGI
$33.9K $12.79/SF
− OpEx
−$10.2K −$3.84/SF
NOI
$23.7K $8.95/SF
Area
Imperial County, CA
Vacancy
3.13%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,400
Cap Rate 7%
$338,857
Cap Rate 9%
$263,556
Alternative Uses
Best Use
Multifamily LT 5
$338.9K
$296.5K – $395.3K
NOI $23,720 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$314.1K
$274.8K – $366.5K
NOI $21,987 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,400
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature recent construction and central heating.
Where is this quadplex located?
The property is located at 534 W Olive 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: Four‑unit property totaling 2,650 square feet; Built in 2023 on a 0.196‑acre lot; Solar panels
