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470 W Olive Ave

El Centro, CA 92243
  • $625,000
  • STATUS: Pending
  • ON SITE: 55 Days
  • MLS #: 25501887IC
Pending
UPDATED: 72 min ago
$625,000
  • 11
    BEDS
  • 0.19
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 2,850
    SQFT
  • $219
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

This income producing property offers 5 units which total 2,400 square feet (480 sq ft/unit). Unit 1 was renovated over the last few year. Units 2 and 5 has been completely remodeled, it offers new laminate flooring throughout, including a new bathroom, new electrical and meter. Units 3 and 4 are mostly original. A 6th unit is currently being added to the property which will add an additional 450 sq ft, with its completion scheduled to be by mid March. This unit will be rented out at a similar rate as the other 5 units! Schedule your private showing today!

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© 2025 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2025-04-21T09:40:44.847.
www.dmahouses.com/homes/160813812
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470 W Olive Ave El Centro, CA 92243

  • Price: $625,000
  • Status: Pending
  • On Site: 55 Days
  • Updated: 72 min ago
  • MLS #: 25501887IC
11
Beds
6
Baths
0
½ Baths
0.19
Acres
2,850
SQFT
$219
$/SQFT
1963
Built
Neighborhood:
El Centro
County:
Imperial
Area:
El Centro
Property Description
This income producing property offers 5 units which total 2,400 square feet (480 sq ft/unit). Unit 1 was renovated over the last few year. Units 2 and 5 has been completely remodeled, it offers new laminate flooring throughout, including a new bathroom, new electrical and meter. Units 3 and 4 are mostly original. A 6th unit is currently being added to the property which will add an additional 450 sq ft, with its completion scheduled to be by mid March. This unit will be rented out at a similar rate as the other 5 units! Schedule your private showing today!
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Garage Structures Total 0 Parking Garage On street Roof Shingle Total Parking 0

Interior Features

Cooling Wall Unit(s) Equipment Ceiling FanOven/Range-Gas Flooring LaminateCarpet Heating Wall Electric Laundry None Rooms Kitchen/DiningLiving Room Unit Baths1 1.00 Unit Baths2 1.00 Unit Baths3 1.00 Unit Beds1 2 Unit Beds2 2 Unit Beds3 2 Water Heaters YN Yes

Property Features

Actual Annual Gross Rent 75840.00 Actual Gross Annual Income 75840.00 Disclosures As Is Gross Operating Income 75840 Net Operating Income 63134.00 Number Leased 4 Owner Pays Water Sale Type Standard Sewer City Total Annual Expense 12705 Unit Rent1 1100.00 Unit Rent2 1020.00 Unit Rent3 900.00 Water City Water Heater Features Gas Zoning CS

Listing courtesy of Grounded Real Estate Inc.: 760-457-9281.


© 2025 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2025-04-21T09:40:44.847.
 
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DMA Real Estate
502 W. Aten Rd. #101
Imperial CA, 92251