965 E Vista Chino Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,372 sqft
Price per Sqft $308
Subdivision Desert Arches
MLS Listing ID 219114912DA
Style Contemporary
Bedrooms 8
Full Baths 8
Year Built 1988
Annual Tax Amount $11,240
Lot Size 7,841 Sqft
Property Description
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 4,372 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 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.
Location
State CA
County Riverside
Area Palm Springs Central
Rooms
Kitchen Laminate Counters
Interior
Heating Central, Forced Air, Natural Gas
Cooling Air Conditioning, Ceiling Fan, Central
Flooring Mixed
Fireplaces Number 4
Equipment Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
Laundry Garage, In Closet
Exterior
Parking Features Door Opener, On street, Parking for Guests
Garage Spaces 8.0
Pool Community, Gunite, Heated, In Ground, Safety Fence
Community Features Community Mailbox
View Y/N Yes
View Mountains
Building
Lot Description Curbs, Landscaped, Lawn, Lot-Level/Flat, Sidewalks, Single Lot, Storm Drains, Street Lighting, Street Paved, Street Public, Utilities Underground
Story 2
Foundation Slab, Permanent
Sewer In Connected and Paid
Water Mutual Water Source, Water District
Structure Type Stucco
Others
Special Listing Condition Standard