965 E Vista Chino, Palm Springs, CA 92262
- $1,190,000
- List Price
- $1,190,000
- Status
- ACTIVE
- MLS#
- 219154314DA
- Year Built
- 1988
- Lot Size
- 7,841
- Acres
- 0.18
- Lot Location
- Corner Lot, Lawn, Landscaped, Level, Near Public Transit
- Days on Market
- 3
- Property Type
- Multifamily
- Style
- Contemporary
- Stories
- Two Levels
- Neighborhood
- Desert Arches
Property Description
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. Please note that 959 E Vista Chino (the apartment building next door) is also available.
Additional Information
- Appliances
- Dishwasher, Freezer, Disposal, Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater
- Pool
- Yes
- Pool Description
- Community, Gunite, Electric Heat, In Ground
- Fireplace Description
- Living Room
- Heat
- Central, Forced Air, Natural Gas
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Mountain(s)
- Garage Spaces Total
- 4
- Interior Features
- Balcony
- Attached Structure
- Attached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: David Goldberg (david.ari@me.com) from Listing Office: Coldwell Banker Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.