730 W Olive Ave El Centro, CA 92243
Estimated payment $8,153/month
Highlights
- No HOA
- Laundry Room
- 3-minute walk to Swarthout Field
- Ductless Heating Or Cooling System
About This Home
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.
Listing Agent
Bret Lewis, Broker Brokerage Phone: 480-225-6616 License #01872524 Listed on: 03/06/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 0.4 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 7,149 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Additional Features
- Suburban Location
- Ductless Heating Or Cooling System
Listing and Financial Details
- Legal Lot and Block 17 / 37
- Assessor Parcel Number 053181014000
- $820 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Income $172,800
- Net Operating Income $172,800
Map
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 | $5,252 | $469,173 | $170,605 | $298,568 |
| 2023 | $5,252 | $450,956 | $163,981 | $286,975 |
| 2022 | $5,014 | $442,115 | $160,766 | $281,349 |
| 2021 | $4,888 | $433,447 | $157,614 | $275,833 |
| 2020 | $4,980 | $429,003 | $155,998 | $273,005 |
| 2019 | $4,830 | $420,592 | $152,940 | $267,652 |
| 2018 | $4,804 | $412,346 | $149,942 | $262,404 |
| 2017 | $4,755 | $404,261 | $147,002 | $257,259 |
| 2016 | $4,660 | $396,335 | $144,120 | $252,215 |
| 2015 | $4,592 | $390,383 | $141,956 | $248,427 |
| 2014 | $4,490 | $382,737 | $139,176 | $243,561 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/06/2026 03/06/26 | For Sale | $1,499,000 | +76.4% | $210 / Sq Ft | |
| 08/05/2025 08/05/25 | Sold | $850,000 | +13.3% | $119 / Sq Ft | View Prior Sale |
| 06/15/2025 06/15/25 | Pending | -- | -- | -- | |
| 06/08/2025 06/08/25 | For Sale | $749,900 | -- | $105 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26048569
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.