730 W Olive, El Centro, CA 92243

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$1,375,000
List Price
$1,499,000
Closing Date
May 22, 2026
Status
CLOSED
MLS#
PW26048569
Year Built
1963
Lot Size
17,631
Acres
0.40
Lot Location
0-1 Unit/Acre
Days on Market
34
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

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.

Additional Information

Pool Description
None
Cooling
Yes
Cooling Description
Ductless
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
12
Gross Scheduled Income
$172,800

Listing courtesy of Listing Agent: Bret Lewis (BretRealty@gmail.com) from Listing Office: Bret Lewis, Broker.

Listing sold by Bret Lewis from Bret Lewis, Broker

The Market is Shifting!

Find out how it has impacted your property's selling price 

Check your property value here.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.