1507 W Barbara Worth Dr
El Centro, CA 92243
Coco Palms Apartments · Multifamily Property For Sale · 66 Units

ACRE Investment Real Estate Services is pleased to present Coco Palms Apartments (the “Property”), an attractive rental community that presents real estate investors the opportunity to acquire a strong performing multi-family asset in El Centro, California. The property is being offered free and clear of any debt encumbrances. Coco Palms Apartments benefits from a convenient location in the Imperial Valley with direct access to Interstate 8 and the 78 freeway. The property is situated in an area characterized by quiet residential communities, schools and neighborhood retailers. The Property consists of a tropical landscaped garden setting on a 1.55-acre parcel. As a further benefit, this property is being sold with an adjacent empty parcel of .33 acres. This is the first time that Coco Palms has been offered for sale as the original builder’s family has continuously maintained and managed the asset since being constructed. Coco Palms Apartments offers 66-Units situated into two, two-story residential buildings. The Property’s well-designed floor plans includes: one (1) studio of approximately 500 square feet, forty-nine (49) one-bedroom/one-bath units that are approximately 750 square feet each and sixteen (16) two-bedroom/ two-bath units that are approximately 1,071 square feet each. The total rentable square feet is estimated at 54,386 square feet. The Property provides an array of amenities including A/C and heat, two modern laundry facilities, a sparkling swimming pool, gated parking, separate electrical sub-meters (RUBS), security access entry, dishwashers, carport parking, and select private patios. Coco Palms Apartments provides an opportunity to acquire a well-maintained multifamily asset in a strong rental demand submarket in Southern California. The new owner will enjoy the security of having the property situated near comparable apartment communities, local shopping, restaurants, as well as having easy access to freeways. With upside in rental income, this offering is perfect for the long-term investor seeking a pride of ownership asset with a strong current and future cash flow.