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.
Sold for $600,000
$600,000
470 W Olive Ave, El Centro, CA 92243
10beds
5baths
2,400sqft
Multi Family
Built in ----
-- sqft lot
$617,900 Zestimate®
$250/sqft
$1,466 Estimated rent
Home value
$617,900
$513,000 - $741,000
$1,466/mo
Zestimate® history
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Modern upgradesStandalone cottagesVinyl flooringNewer mini split systemsDual pane windows
Zillow last checked:
Listing updated:
Listed by:
Charles G Couri DRE #01825982 Office:619-469-0700,
Keller Williams Realty
Bought with:
Lisa Boyer, DRE #01791823
First Principles RE
Source: SDMLS,MLS#: 250038191
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
Heating
- Wall
Cooling
- Wall/Window
Features
- Flooring: Wood
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Parking
- Parking features: Other/Remarks
Features
- Levels: 1 Story
- Stories: 1
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 053193017000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal Fence
- Roof: Composition
Community & HOA
Location
- Region: El Centro
Financial & listing details
- Price per square foot: $250/sqft
- Tax assessed value: $418,200
- Annual tax amount: $4,887
- Date on market: 9/5/2025
- Listing terms: Cash,Exchange Down,Exchange Up,VA,Other/Remarks
- Total actual rent: 5500
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Sold | $600,000+0%$250/sqft |
Source:  SDMLS #250038191 Report a problem | ||
| 10/5/2025 | Pending sale | $599,900$250/sqft |
Source: SDMLS #250038191 Report a problem | ||
| 9/5/2025 | Listed for sale | $599,900+0.2%$250/sqft |
Source: SDMLS #250038191 Report a problem | ||
| 8/28/2025 | Listing removed | $599,000$250/sqft |
Source:  ICAOR #25501887IC Report a problem | ||
| 6/16/2025 | Price change | $599,000-0.2%$250/sqft |
Source: ICAOR #25501887IC Report a problem | ||
| 6/12/2025 | Listed for sale | $600,000-4%$250/sqft |
Source: ICAOR #25501887IC Report a problem | ||
| 6/6/2025 | Contingent | $625,000$260/sqft |
Source: ICAOR #25501887IC Report a problem | ||
| 4/17/2025 | Pending sale | $625,000$260/sqft |
Source: ICAOR #25501887IC Report a problem | ||
| 4/12/2025 | Contingent | $625,000$260/sqft |
Source: ICAOR #25501887IC Report a problem | ||
| 3/5/2025 | Pending sale | $625,000$260/sqft |
Source: ICAOR #25501887IC Report a problem | ||
| 2/24/2025 | Listed for sale | $625,000-7.4%$260/sqft |
Source: ICAOR #25501887IC Report a problem | ||
| 12/2/2024 | Listing removed | $675,000$281/sqft |
Source:  Greater Palm Springs Realtors #219117488 Report a problem | ||
| 11/3/2024 | Price change | $675,000+8%$281/sqft |
Source: ICAOR #24446395IC Report a problem | ||
| 9/29/2024 | Listed for sale | $625,000+52.4%$260/sqft |
Source: ICAOR #24446395IC Report a problem | ||
| 4/17/2024 | Sold | $410,000-8.9%$171/sqft |
Source: Public Record Report a problem | ||
| 3/16/2023 | Listing removed | $450,000$188/sqft |
Source: ICAOR #22209981IC Report a problem | ||
| 3/3/2023 | Price change | $450,000-18.2%$188/sqft |
Source: ICAOR #22209981IC Report a problem | ||
| 10/19/2022 | Listed for sale | $550,000+144.4%$229/sqft |
Source: ICAOR #22209981IC Report a problem | ||
| 9/13/2019 | Sold | $225,000-8.2%$94/sqft |
Source:  ICAOR #18346274IC Report a problem | ||
| 5/20/2019 | Pending sale | $245,000$102/sqft |
Source: Childers Real Estate #18346274IC Report a problem | ||
| 6/13/2018 | Price change | $245,000-5.8%$102/sqft |
Source: Childers Real Estate #18346274IC Report a problem | ||
| 5/21/2018 | Price change | $260,000+4%$108/sqft |
Source: Childers Real Estate #18346274IC Report a problem | ||
| 5/11/2017 | Listed for sale | $250,000$104/sqft |
Source: Century 21 Realty Team #RS17104764 Report a problem | ||
| 9/6/2016 | Listing removed | $250,000$104/sqft |
Source: Century 21 Realty Team #RS16052288 Report a problem | ||
| 3/12/2016 | Listed for sale | $250,000$104/sqft |
Source: Century 21 Realty Team #RS16052288 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,887 +76.7% | $418,200 +73.4% |
| 2024 | $2,765 -2.1% | $241,241 +2% |
| 2023 | $2,824 | $236,512 +2% |
| 2022 | -- | $231,876 +3.1% |
| 2021 | $2,574 -1.9% | $225,000 |
| 2020 | $2,623 +48.2% | $225,000 +48.3% |
| 2019 | $1,770 | $151,704 +2% |
| 2018 | $1,770 +1.5% | $148,731 +2% |
| 2017 | $1,743 +2% | $145,816 +2% |
| 2016 | $1,708 +3.7% | $142,958 +1.5% |
| 2015 | $1,647 | $140,812 +2% |
| 2014 | $1,647 | $138,055 +0.5% |
| 2013 | -- | $137,432 +2% |
| 2012 | -- | $134,738 +2% |
| 2011 | -- | $132,097 +0.8% |
| 2010 | -- | $131,111 -0.2% |
| 2009 | -- | $131,424 +2% |
| 2008 | -- | $128,848 |
Find assessor info on the county website
Neighborhood: 92243
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Nearby schools
GreatSchools rating
- 8/10Lincoln Elementary SchoolGrades: K-6Distance: 0.8 mi
- 6/10Kennedy Middle SchoolGrades: 7-8Distance: 0.7 mi
- 6/10Central Union High SchoolGrades: 9-12Distance: 0.8 mi
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- California
- Imperial County
- El Centro
- 92243
- 470 W Olive Ave
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