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Property

Palm Springs, CA 92262 959 E Vista Chino

959 E Vista Chino Palm Springs, CA - Image 1959 E Vista Chino Palm Springs, CA - Image 2959 E Vista Chino Palm Springs, CA - Image 3
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Presented By: David Goldberg with Coldwell Banker Realty;
  • MLS# 219114911DA
  • 08/03/2024
  • Request Tour
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  • Garage • 4
  • Year Built • 1988

Home Details

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.
Presented By: David Goldberg with Coldwell Banker Realty;

Interior Features for 959 E Vista Chino

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Total Stories2

General for 959 E Vista Chino

Additional Parcels Y/NNo
AppliancesDishwasher, Freezer, Disposal, GasRange, Refrigerator, VentedExhaustFan, WaterHeater
Architectural StyleContemporary
Attached Garage No
Cap Rate4.53
Carport Spaces0.0
Carport Y/NNo
CityPalm Springs
Community FeaturesPool
CoolingCentralAir
CountyRiverside
DirectionsCheck Google Maps.Cross Streets: E. Vista Chino & N. Avenida Caballeros
DisclosuresEasements, HoaDisclosure
Electric On Property Y/NNo
Garage Spaces4.0
Garage Y/NYes
HOANo
HOA Fee$0.0
HeatingCentral, ForcedAir, NaturalGas
Home Warranty Y/NNo
Insurance Expense2780.0
Interior FeaturesBalcony
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, Submit
Lot Size Square Feet9583.0
Lot Size UnitsSquareFeet
MLS Area332 - Central Palm Springs
MobileHomeRemainsYNNo
Net Operating Income62327.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces0.0
Pool FeaturesCommunity, Gunite, ElectricHeat, InGround
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionRepairsCosmetic, UpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameDesert Arches
Tenant PaysCableTv, Electricity, Gas
ViewMountains
Waterfront Y/NNo
Year Built1988
Year Built SourceAssessor

Exterior for 959 E Vista Chino

Crops Included Y/NNo
Foundation DetailsPermanent, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLawn, Landscaped, Level, NearPublicTransit, Paved
Lot Size Acres0.22
Lot Size Area9583.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage, GarageDoorOpener, Guest, OnStreet
Private PoolYes
SpaNo
Total Parking8.0

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,295,000
MLS#219114911DA
List Date 08/03/2024
Property Type Multi-Family
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