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730 W Olive Ave, El Centro, CA, 92243

10beds
12baths
7,149sqft
$1,499,000
$210price/sqft
$10,714/moest. monthly cost
$428,560/yrincome needed

About This Home

Extensively upgraded and remodeled 12-unit apartment building offering investors a rare opportunity to acquire a high cash-flow potential asset with minimal deferred maintenance. The property has undergone significant improvements including a new roof, new windows, upgraded plumbing and electrical systems, and refreshed exterior, creating an attractive and low-maintenance investment. Each unit features two mini-split HVAC systems for efficient heating and cooling, new flooring throughout, all new kitchen cabinets with new appliances, new bathroom vanities, and newly tiled bathrooms. The property also includes new safety handrails on the balconies, further enhancing safety and curb appeal. The building consists of 10 one-bedroom units and 2 studio units. Projected rents are approximately $1,250 per month for the one-bedroom units and $950 per month for the studios, offering investors strong income potential once leased. With extensive capital improvements completed, this property presents an opportunity to acquire a modernized, income-producing asset positioned for strong cash flow in the El Centro rental market.

Getting Around

78
WalkingVery Walkable
0
TransitVery Limited Transit
51
BikeBikeable

Schools

8/10
6/10
Kennedy Middle SchoolGrades 7-80.7 mi
6/10
Central Union High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1963

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: Common Area

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 12

Cooling

  • Cooling features: Ductless

Features

  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total structure area: 7,149
  • Total interior livable area: 7,149 sqft

Property

Details

  • Parcel number: 053181014000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None

Lot

  • Lot size: 0.40 Acres
  • Features: 0-1 Unit/Acre