730 W Olive, El Centro, CA 92243

$1,375,000

Est. payment /mo

$1,499,000

8.3%
Est.Price: ?

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730 W Olive El Centro, CA 92243

0.4 Acres Lot

SOLD DATE : 05/22/2026

Key Details

Sold Price $1,375,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW26048569

Sold Date 05/22/26

HOA Y/N No

Year Built 1963

Lot Size 0.405 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Imperial

Area Elcn - El Centro

Interior

Cooling Ductless

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 053181014000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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Listed by Bret Lewis Bret Lewis, Broker 480-225-6616, DRE #01872524
Bought with Bret Lewis Bret Lewis, Broker

NEARBY SCHOOLS & BUSINESSES

Tom Masterani

Tom Masterani

Agent

+1(818) 613-4478

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