476 H St - 476-498 H St Brawley CA/ De Anza Apts 14 Unit Apartment Building Offered at $1,699,000 at a 5.15% Cap Rate Brawley, CA 92227

The property consists of 9 buildings in total : 8 cottage-style units and one larger rear building containing the remaining 6 units. The unit mix includes 12 1 bed/1bath units, 1 2 bed/1bath unit, and 1 studio unit. The building records show that there were 16 units in the past. The previous owner converted one unit into a laundry area and the other unit into a storage. Its a great opportunity to convert the units back to rental units and increase your profit. Currently, there are two vacant units the studio 490.5 and unit 490. Both are rent-ready. Seller wanted to keep them vacant for buyer visibility and flexibility in tenant selection. Previously, the studio rented for $562/month and the one-bedroom unit for $725/month. Rent increases were implemented in October and November 2025. Nearly all units approximately 12 or 13 have been recently renovated within the past years. Renovations include new ceiling fans, light fixtures, flooring, baseboards, interior and exterior paint, and plumbing upgrades including sinks, toilets, garbage disposals, faucets, angle stops, and supply lines. The property is being sold as-is.