965 E Vista Chino,Palm Springs, CA 92262
Palm Springs, CA 92262
Description
Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Four-unit Apartment Building offered for sale, providing stable income and future value-add opportunity! Building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 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 past few years. 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. Please note that 959 E Vista Chino (the apartment building next door) is also available.
Details
| MLS # | 219154314DA |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1988 |
| Days On Site | 18 |
| Listing Provided By | Coldwell Banker Realty | David Goldberg |
Features
| Garage | 4 |
|---|---|
| Pool | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.18 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central, Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony |
| Appliances | Dishwasher, Freezer, Disposal, Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater |
| Fireplace Yes / No | Yes |
Exterior
| Foundation Details | Permanent, Slab |
|---|---|
| Lot Features | Corner Lot, Lawn, Landscaped, Level, Near Public Transit |
Parking
| Parking Features | Garage, Garage Door Opener, Guest, On Street |
|---|---|
| Garage Yes / No | Yes |
Location
| Community Features | Pool |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 332 Central Palm Springs |
| Community Name | Desert Arches |
| Listing VS Median (in Desert Arches) | |
Price: $1,190,000 low | high Med: $309,948 On site: 18 low | high Med: 123.5 | |
Market Activity 92262
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 332 Central Palm Springs |
| Community Name | Desert Arches |
| Listing VS Median (in Desert Arches) | |
Price: $1,190,000 low | high Med: $309,948 On site: 18 low | high Med: 123.5 | |
