959 Vista Chino E Palm Springs, CA 92262
Four-unit apartment building in Palm Springs, great income potential.
Lot size:
0.22 AcresProperty Features for 959 Vista Chino E
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.22 Acres
Building Details
- Year built
- 1988
Source:
Elliman
Listing Agent: Dean Liebl
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Palm Springs Multifamily Investment Opportunity
This is an exceptional investment opportunity located in Palm Springs, within walking distance of downtown. The property is one of two neighboring four-unit apartment buildings offered individually for sale. The building is a 4-plex, offering four sizable 2-bedroom, 2-bath apartments, each featuring private patios, its own washer and dryer, and an enclosed 1-car garage. The upstairs units offer mountain views. The building has 4,048 square feet of space on a 9,583 square foot lot. The community includes four buildings, each a 4-plex, with a shared pool. Landscape and pool maintenance expenses are shared between the four buildings. The property is currently 100% occupied with historically high occupancy rates. Some rents are currently below market value, presenting an opportunity for the new owner to increase the net operating income, as rental rates have increased significantly over the last 36 months. This is a fully leased, income-producing asset in the Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of growth.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.537517
- Latitude
- 33.844585
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit apartment building in Palm Springs, great income potential.
Where is this quadplex located?
The property is located at 959 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: - Income-producing 4-plex apartment building in a highly desirable Palm Springs location.; - 100% occupied with opportunity to increase NOI by raising rents to current market rates.; - Each unit features 2 bedrooms, 2 bathrooms, private patio, in-unit washer/dryer, and a 1-car garage.
