Garden-Style Multifamily
46595 Vargas Road Indio, CA 92201
New
46595 Vargas Road, Indio, CA, 92201
$8,400,000
For Sale
$8,400,000
Well-maintained 51-unit, one-story community with private patios, on-site laundry, and surface parking.
Property Size29,376 SF
Lot Size2.44 Acres
Price / SF$285.95
Days on Market6
Property Features for 46595 Vargas Road
General Information
- Standard status
- Active
- Size
- 29,376 SF
- Lot size
- 2.44 Acres
- Property subtype
- Multifamily
Listing Agency
CBRE - Ontario
(909) 418-2071
Listed by
Eric Chen · License #01489184
(909) 418-2071
Source
Cbre
Added: Jul 13 Checked: Jul 17 at 2:19 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Ontario
Investment Insights
Based on property information with market context.
Casa Serena Apartments is a well-maintained, one-story garden-style multifamily community with 51 one-bedroom, one-bathroom floor plans. The residences include private individual patios, walk-in closets, double-pane windows, and central air and heating. Select units have been newly remodeled with updated dark cabinetry, granite-style countertops, luxury vinyl wood plank flooring, and new tub and shower surrounds, along with open-concept island kitchens featuring a breakfast bar and an electric stove and range with hood.
On-site amenities include a laundry facility, a maintained courtyard, mature landscaping, and surface parking. Full-time on-site property management and maintenance staff support the community.
The property is situated on a 106,286 SF lot and includes 29,376 SF of rentable space. The community provides direct access to the I-10 Freeway and the Highway 111 retail corridor.
On-site amenities include a laundry facility, a maintained courtyard, mature landscaping, and surface parking. Full-time on-site property management and maintenance staff support the community.
The property is situated on a 106,286 SF lot and includes 29,376 SF of rentable space. The community provides direct access to the I-10 Freeway and the Highway 111 retail corridor.
Key Highlights
- 51‑unit, one‑bedroom/one‑bath garden‑style apartment community with 51 private patios and no neighbors above or below.
- Rentable space totals 29,376 SF on a 106,286 SF lot; units average 576 SF each and feature central air and heating.
- Select units newly remodeled with dark cabinetry, granite‑style countertops, luxury vinyl wood plank flooring, and new tub and shower surrounds.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $881.3k | $30.00 |
| − Vacancy | −$16.7k | −$0.57 |
| EGI | $864.5k | $29.43 |
| − OpEx | −$389.0k | −$13.24 |
| NOI | $475.5k | $16.19 |
29,376 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.79M
$5.94M – $7.92M
NOI $475,495 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.80M
$7.70M – $10.27M
NOI $616,039 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Casa Serena Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained 51-unit, one-story community with private patios, on-site laundry, and surface parking.
Where is this apartment building located?
The property is located at 46595 Vargas Road Indio, CA.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 51‑unit, one‑bedroom/one‑bath garden‑style apartment community with 51 private patios and no neighbors above or below.; Rentable space totals 29,376 SF on a 106,286 SF lot; units average 576 SF each and feature central air and heating.; Select units newly remodeled with dark cabinetry, granite‑style countertops, luxury vinyl wood plank flooring, and new tub and shower surrounds.
