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730 Olive , El Centro, CA 92243
Priced at Only: $1,499,000
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Address: 730 Olive , El Centro, CA 92243
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  • MLS#: PW26048569 ( Apartment )
  • Street Address: 730 Olive
  • Viewed: 2
  • Price: $1,499,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: IMPERIAL
  • City: El Centro
  • Zipcode: 92243
  • Provided by: Bret Lewis, Broker
  • Contact: Bret Bret
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 7149.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Ductless
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 172800.00
Parcel Number
  1. 053181014000
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 457904075:CRM
Taxblock
  1. 37
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Public Records
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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