965 Vista Chino E Palm Springs, CA 92262
Property Features for 965 Vista Chino E
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.18 Acres
Building Details
- Year built
- 1988
Source:
Elliman
Listing Agent: David Goldberg
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Palm Springs Four-Unit Apartment Building
This four-unit apartment building presents an investment opportunity in Palm Springs, within walking distance of downtown. The property features four sizable 2-bedroom, 2-bath apartments. Each unit includes a private patio, a washer/dryer, and an enclosed 1-car garage. The upstairs units offer mountain views. The building has a total area of 4,372 square feet and is situated on a 7,841 square foot lot. The community consists of four buildings, each a 4-plex, sharing a pool. Landscape and pool maintenance expenses are shared among the four buildings. The property is currently 100% occupied with historically high occupancy rates. Some rents are below market value, offering the new owner the opportunity to increase the net operating income (NOI), as rental rates have increased in recent years. This income-producing asset is located in the Palm Springs market. The property is intended for use as an apartment building.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.537192
- Latitude
- 33.844584
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four 2-bedroom units with private patios and garages.
Where is this quadplex located?
The property is located at 965 Vista Chino E Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: - Four-unit apartment building in a prime Palm Springs location, walking distance to downtown.; - Stable income-producing property with 100% occupancy and opportunity to increase NOI by raising rents to market rates.; - Each unit features 2 bedrooms, 2 bathrooms, a private patio, in-unit washer/dryer, and a 1-car garage.
