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Sold for $1,375,000
  • Listed by: Bret Lewis, Broker • Bret Lewis • Contact: 562-726-2515
    Bought with: Bret Lewis, Broker
    $1,375,000

    730 W Olive Ave, El Centro, CA 92243

    10beds
    12baths
    7,149sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $1,382,000 Zestimate®
    $192/sqft
    $1,413 Estimated rent

    Home value

    $1,382,000

    $1.23M - $1.55M

    $1,413/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Bret Lewis DRE #01872524 480-225-6616,

    Bret Lewis, Broker

    Bought with:

    Bret Lewis, DRE #01872524

    Bret Lewis, Broker

    Source: CRMLS,MLS#: PW26048569MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 12
    Cooling
    • Ductless
    Appliances
    • Laundry: Common Area
    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

    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.4 Acres
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 053181014000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Suburban
    Location
    • Region: El Centro

    Financial & listing details

    • Price per square foot: $192/sqft
    • Date on market: 3/6/2026
    • Cumulative days on market: 47 days
    • Listing terms: Cash,Conventional,1031 Exchange

    Price history

    DateEventPrice
    5/22/2026Sold$1,375,000-8.3%$192/sqft
    Source: CRMLS #PW26048569 Report a problem
    3/7/2026Listed for sale$1,499,000+76.4%$210/sqft
    Source: CRMLS #PW26048569 Report a problem
    8/5/2025Sold$850,000+13.3%$119/sqft
    Source: ICAOR #25552159IC Report a problem
    6/16/2025Contingent$749,900$105/sqft
    Source: ICAOR #25552159IC Report a problem
    6/13/2025Listed for sale$749,900$105/sqft
    Source: ICAOR #25552159IC Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92243

    Nearby schools

    GreatSchools rating
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    $1,382,000
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    $1,409,640