965 E Vista Chino Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Desert Arches
MLS Listing ID 219114912DA
Construction Status Repairs Cosmetic,Updated/Remodeled
HOA Y/N No
Year Built 1988
Lot Size 7,840 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 332 - Central Palm Springs
Interior
Interior Features Balcony
Heating Central,Forced Air,Natural Gas
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher,Freezer,Disposal,Gas Range,Refrigerator,Vented Exhaust Fan,Water Heater
Exterior
Parking Features Garage,Garage Door Opener,Guest,On Street
Garage Spaces 4.0
Garage Description 4.0
Pool Community,Gunite,Electric Heat,In Ground
Community Features Pool
View Y/N Yes
View Mountain(s)
Total Parking Spaces 8
Private Pool Yes
Building
Lot Description Corner Lot,Lawn,Landscaped,Level,Near Public Transit,Paved
Story 2
Entry Level Two
Foundation Permanent,Slab
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic,Updated/Remodeled
Others
Senior Community No
Tax ID 507041026
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,Submit
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,Submit
Special Listing Condition Standard