Four-Unit Apartment
For Sale
$1,195,000
959 E Vista Chino, Palm Springs, CA 92262
Residents have private patios, in-unit laundry, and enclosed garages.
Property Size4,048 SF
Lot Size0.22 Acres
Price / SF$295.21
Days on Market534
Property Features for 959 E Vista Chino
General Information
Standard status
Active
Size
4,048 SF
Total Parking Spaces
4
Lot size
0.22 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,969
Amenities
private patio
washer/dryer in unit
pool
Building Details
Building Size
4,048 SF
Year Built
1988
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
David Goldberg · License #02027373
(760) 668-4558
Source:
Charlesestates
Added: May 15, 2025
Changed: Oct 26
Last Checked: Oct 26 at 12:09PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1988 apartment property contains four two-bedroom, two-bath residences. Each apartment has a private patio, its own washer and dryer, and an enclosed one-car garage. The building measures 4,048 square feet on a 9,583-square-foot lot, and the upstairs apartments offer mountain views.
The property is part of a four-building community with a shared swimming pool. Pool and landscape maintenance costs are shared among the buildings. The apartments are fully occupied and located within walking distance of downtown Palm Springs.
The property is part of a four-building community with a shared swimming pool. Pool and landscape maintenance costs are shared among the buildings. The apartments are fully occupied and located within walking distance of downtown Palm Springs.
Key Highlights
- Four apartments, each with two bedrooms and two bathrooms
- 4,048‑square‑foot building on a 9,583‑square‑foot lot
- Private patio, washer and dryer, and enclosed one‑car garage for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,123
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,460
$1.4M
Cap Rate 7%
$1,016,043
$1.0M
Cap Rate 9%
$790,256
$790.3K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$103.5K $25.56/SF
− Vacancy
−$1.9K −$0.46/SF
EGI
$101.6K $25.10/SF
− OpEx
−$30.5K −$7.53/SF
NOI
$71.1K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,460
Cap Rate 7%
$1,016,043
Cap Rate 9%
$790,256
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$889.0K – $1.19M
NOI $71,123 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$936.0K
$819.0K – $1.09M
NOI $65,523 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,890 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents have private patios, in-unit laundry, and enclosed garages.
Where is this quadplex located?
The property is located at 959 E Vista Chino 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 apartments, each with two bedrooms and two bathrooms; 4,048‑square‑foot building on a 9,583‑square‑foot lot; Private patio, washer and dryer, and enclosed one‑car garage for each apartment
