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 Details
Price:
$1,362,500
MLS #:
219114911DA
Status:
Active
Baths:
0
Address:
959 E Vista Chino
Type:
Residential Income
Subdivision:
Desert Arches
Neighborhood:
332centralpalmsprings
City:
Palm Springs
Listed Date:
Aug 3, 2024
State:
CA
ZIP:
92262
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1988
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Range, Vented Exhaust Fan, Refrigerator, Disposal, Freezer, Dishwasher, Water Heater
Cooling
Central Air
Fireplace Features
Living Room
Heating
Natural Gas, Central, Forced Air
Interior Features
Living Room Balcony
Exterior
Foundation Details
Slab, Permanent
Garage Spaces
4.00
Lot Features
Paved, Level, Landscaped, Lawn, Near Public Transit
Parking Features
Street, Garage Door Opener, Guest
Parking Spots
8.00
Pool Features
Community, In Ground, Electric Heat, Gunite
Stories Total
2
View
Mountain(s)
Financial
Association Fee
0.00
Tenant Pays
Gas, Electricity, Cable T V
Map
Community
- Address959 E Vista Chino Palm Springs CA
- Area332 – Central Palm Springs
- SubdivisionDesert Arches
- CityPalm Springs
- CountyRiverside
- Zip Code92262
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
959 E Vista Chino
Palm Springs, CA
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