470 W OLIVE AVE, El Centro, CA 92243

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$599,900

Est. payment - /mo

10 Beds

2,400 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Pending

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $249

MLS Listing ID 250038191

Bedrooms 10

Property Sub-Type Com-Res Income

Property Description

FANTASTIC INVESTMENT OPPORTUNITY IN EL CENTRO! THIS WEL MAINTAINED PROPERTY FEATURES FIVE STANDALONE COTTAGES, EACH CONSISTING OF 2-BEDROOMS AND 1-BATHROOM. ALL UNITS HAVE BEEN RECENTLY REMODELED AND INCLUDE MODERN UPGRADES SUCH AS VINYL FLOORING, DUAL PANE WINDOWS, AND NEWER MINI SPLIT SYSTEMS FOR EFFICIENT TEMPERATURE CONTROL. THIS COMPLEX IS CURRENTLY PRODUCING AN IMPRESSIVE 11%+ GROSS CAP RATE WITH ADDITIONAL UPSIDE POTENTIAL, MAKING IT AN EXCELLENT OPTION FOR BOTH 1031 EXCHANGES AND LONG TERM INVESTORS SEEKING STRONG RETURNS. THERE IS ROOM TO ADD A POSSIBLE SIXTH UNIT OR CREATE A COMMUNITY SPACE. THE PROPERTY IS IDEALLY LOCATED WITH EASY FREEWAY ACCESS, AMPLE STREET PARKING, OFFERING CONVENIENCE FOR TENANTS AND VISITORS ALIKE. THIS IS A TURNKEY, INCOME-PRODUCING ASSET IN A GROWING MARKET—A RARE CHANCE TO ACQUIRE A SOLID INVESTMENT WITH IMMEDIATE CASH FLOW.

Location

State CA

County Imperial

Direction GOOGLE MAPS OR WAZE

Interior

Heating Wall

Cooling Wall/Window

Flooring Wood

Fireplace No

Exterior

Parking Features Other/Remarks

View Y/N No

Roof Type Composition

Building

Dwelling Type Other/Remarks

Story 1

Others

Tax ID 053-193-017-000

Virtual Tour https://www.propertypanorama.com/instaview/snd/250038191

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Listed by Charles G Couri Keller Williams Realty

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

470 W OLIVE AVE El Centro, CA 92243

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

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