959 E Vista Chino
Palm Springs, CA, 92262
$1,362,500
Beds
0 Baths
SqFt
0.22 Acres
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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 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
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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

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959 E Vista Chino
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