Contemporary

965 E Vista Chino

Palm Springs , CA 92262

MLS#: 219130153DA

$1,195,000

Status: Active
Listing number: 219130153DA
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 2 months ago
On site: 2 months ago
Browse Properties
Desert Arches - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1988

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Central, Forced Air, Natural Gas

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Other Exterior Features

    Balcony

  • Parking

    Garage, Garage Door Opener, Guest, On Street

  • Pool

    Yes

  • Pool Features

    Private, Community, Gunite, Electric Heat, In Ground

  • View

    Mountain(s)

Area & Lot

  • Lot Features

    Corner Lot, Landscaped, Level, Near Public Transit, Paved

  • Lot Size(acres)

    0.18

  • Property Type

    Residential Income

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $1,195,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Permanent, Slab

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Location

County

Riverside

Elementary School

Middle School

High School

Listing Courtesy of David Goldberg , Coldwell Banker Realty

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(818) 321-0175

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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.

965 E Vista Chino

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