$1,375,000
Active
25 Days Online
0 Beds0 Baths0 SQFT
Active

959 E Vista Chino Palm Springs, CA 92262

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Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Two neighboring (4) Four-unit Apartment Buildings being offered individually for sale, providing stable income and future value-add opportunity -- buy one or buy them both for increased ROI. Each building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, its own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4, 048 SF on a 9, 583 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the last 36 months. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants.

  • Property TypeMulti-Family
  • NeighborhoodDesert Arches
  • CountyRiverside
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site25 Days
  • MLS StatusActive
  • MLS ID Number219111849DA
  • Home Size Source N/A
  • Year Built1988
  • Lot Size0.22 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Contemporary
  • Parking StreetGarage Door OpenerGuest
  • Parking Spaces 8
  • Number of Stories 22
  • Acreage 0.22
  • Garage Spaces 4
  • Foundation SlabPermanent
  • Listing Conditions Standard
  • Property Condition Updated/ Remodeled

Interior Features

  • Cooling Central Air
  • Heating Natural GasCentralForced Air
  • Appliances Gas RangeVented Exhaust FanRefrigeratorDisposalFreezerDishwasherWater Heater
  • Interior Living Room Balcony
  • Fireplace Features Living Room
  • Fireplace Yes

Exterior Features

  • View Mountain(s)
  • Pool true
  • Spa No
  • Pool Features CommunityIn GroundElectric HeatGunite
  • Private Pool true
  • Lot PavedLevelLandscapedLawn

Community Features

  • Association Dues 0
  • Senior Community No
  • MLS Area 332 - Central Palm Springs

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Monthly Payment (Est.)

$7,281
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