NOT LISTED FOR SALE

470 W Olive Ave El Centro, CA 92243

Estimated Value: $566,370 - $653,000

10 Beds
5 Baths
2,400 Sq Ft
$251/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2025

Last sale price $600,000 $250 Per Sq Ft

Current estimated payment $3,403 / mo

20 Days on Market

About This Home

As of December 2025

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.

Last Agent to Sell the Property

Charles Couri

Keller Williams Realty License #01825982 Listed on: 09/05/2025

Keller Williams Realty

Last Buyer's Agent

Lisa Anne Boyer

First Principles RE License #01791823

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8,276

Home Design

  • Composition Roof

Interior Spaces

  • 10 Bedrooms
  • 2,400 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $5,500

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Operating Expense $2,400

Property Details

Home Type

Multi-Family

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Unit Levels: 1 Story
  • Property Sub Type: Com-Res Income
  • Co List Office Mls Id: 66719
  • Directions: GOOGLE MAPS OR WAZE
  • Living Area: 2400.0
  • Structure Type: Other/Remarks
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-12-16T16:47:14Z
  • FullAddress: 470 W OLIVE AVE
  • NumofLeasedApartments: 5
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 10
  • Flooring: Wood

Exterior Features

  • Roof: Composition
  • Construction Type: Metal Fence

Garage/Parking

  • Parking Features: Other/Remarks

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Multi Family

  • Number Of Buildings: 5
  • Number Of Units Total: 5
  • Annual Operating Expense: 2400.0
  • Total Actual Rent: 5500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2025
Closed on
Oct 16, 2025
Sold by
Wheeler Elton Charles
Bought by
Martinez Ana Wheeler
Seller's Agent
Charles Couri
Keller Williams Realty
Buyer's Agent
Lisa Anne Boyer
First Principles RE
List Price
$599,900
Sold Price
$600,000
Premium/Discount to List
$100
0.02%
Views
38
Current Estimated Value
$602,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,593
Avg. Annual Appreciation
1.28%
Original Mortgage
$450,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2025
Sold by
Cantwell Claye and Cantwell Alyssa S
Bought by
Costello Alma Zureyma and Martinez Ana Wheeler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2025
Sold by
Costello Joshua F
Bought by
Costello Alma Zureyma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 5, 2023
Closed on
Mar 28, 2024
Sold by
Garcia Pomposa
Bought by
Cantwell Claye and Cantwell Alyssa S
Seller's Agent
Dalila Flores-Ruiz
CLI Realty Innovations
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$455,000
Sold Price
$415,000
Premium/Discount to List
-$40,000
-8.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.39%

Purchase Details

Listed on
May 21, 2018
Closed on
Sep 13, 2019
Sold by
Cockrum John L
Bought by
Garcia Pomposa
Seller's Agent
Allison Childers
Childers Real Estate
Buyer's Agent
Dalila Flores-Ruiz
CLI Realty Innovations
List Price
$260,000
Sold Price
$225,000
Premium/Discount to List
-$35,000
-13.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.23%
Original Mortgage
$150,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2017
Sold by
Cockrum John L
Bought by
Cockrum John L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Martinez Ana Wheeler -- Stewart Title
Costello Alma Zureyma $600,000 Stewart Title Company
Costello Alma Zureyma -- Stewart Title
Cantwell Claye $410,000 Stewart Title
Garcia Pomposa $225,000 Orange Coast Title Company
Cockrum John L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Costello Alma Zureyma $450,000
Previous Owner Garcia Pomposa $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2025 12/15/25 Sold $600,000 0.0% $250 / Sq Ft
09/25/2025 09/25/25 Pending -- -- --
09/05/2025 09/05/25 For Sale $599,900 +44.6% $250 / Sq Ft
04/17/2024 04/17/24 Sold $415,000 -8.8% $173 / Sq Ft View Prior Sale
04/12/2024 04/12/24 Pending -- -- --
10/05/2023 10/05/23 For Sale $455,000 +102.2% $190 / Sq Ft
09/13/2019 09/13/19 Sold $225,000 -13.5% $94 / Sq Ft View Prior Sale
05/20/2019 05/20/19 Pending -- -- --
05/21/2018 05/21/18 For Sale $260,000 -- $108 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,765 $418,200 $71,400 $346,800
2023 $2,765 $236,512 $68,325 $168,187
2022 $2,641 $231,876 $66,986 $164,890
2021 $2,574 $227,330 $65,673 $161,657
2020 $2,623 $225,000 $65,000 $160,000
2019 $1,770 $151,704 $57,109 $94,595
2018 $1,760 $148,731 $55,990 $92,741
2017 $1,743 $145,816 $54,893 $90,923
2016 $1,708 $142,958 $53,817 $89,141
2015 $1,684 $140,812 $53,009 $87,803
2014 $1,647 $138,055 $51,971 $86,084
Source: Public Records

Agents Affiliated with this Home

  • Charles Couri

    Seller's Agent in 2025

    Charles Couri

    Keller Williams Realty

    (619) 251-7476

    76 Total Sales

    Charles Couri
    Section Image
  • Lisa Anne Boyer

    Buyer's Agent in 2025

    Lisa Anne Boyer

    First Principles RE

    (760) 994-5944

    24 Total Sales

    Lisa Anne Boyer
    Section Image
  • Dalila Flores-Ruiz

    Seller's Agent in 2024

    Dalila Flores-Ruiz

    CLI Realty Innovations

    (760) 886-0172

    45 Total Sales

    Dalila Flores-Ruiz
    Section Image

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

  • A

    Seller's Agent in 2019

    Allison Childers

    Childers Real Estate

    Section Image
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Map

Source: San Diego MLS

MLS Number: 250038191

San Diego MLS

APN: 053-193-017-000

California Imperial County El Centro 92243

470 W Olive Ave, El Centro, CA

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