Downtown Indio Duplex
For Sale
$450,000
45741 Smurr Street, Indio, CA 92201
Duplex in revitalizing downtown Indio near new developments.
Property Size1,048 SF
Price / SF$429.39
Days on Market267
Property Features for 45741 Smurr Street
General Information
Standard status
Active
Size
1,048 SF
Property subtype
Residential Income
Zoning
Assessor
Amenities
Yes
Other, Yes
Laminate
No
4
1,048.00
2
Sqft
1
Other
Building Details
Year Built
1967
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices California Properties
Listed By:
Josie Gomez · License #01716028
(760) 485-4525
Source:
Compass
Added: Feb 3
Changed: Oct 25
Last Checked: Oct 26 at 7:16PM
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 Berkshire Hathaway HomeServices California Properties
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Investment Insights
Based on property information with market context.
Located in downtown Indio, this duplex offers a location amidst the area's revitalization. The construction of a new three-story City Hall and library, along with infrastructure upgrades on Oasis Street, are part of Indio's transformation. The property is near the expanding Boulevard 111 corridor, which is becoming a hub of cultural and social activity. New mixed-use residential and commercial developments are bringing energy to the neighborhood, complemented by dining and shopping options, including Chick-fil-A, Dutch Bros, and Starbucks, and the Green Shopping Center. These improvements are designed to elevate downtown Indio into a destination where residents and visitors can work, live, and play. The property is located in an area that is somewhat bikeable with a bike score of 36, and car-dependent with a walk score of 33.
Key Highlights
- Prime location in the heart of downtown Indio, experiencing significant revitalization.
- Close proximity to the expanding Boulevard 111 corridor, a hub of cultural and social activity.
- Benefit from new infrastructure upgrades and developments, including a new City Hall and library.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,413
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,260
$368.3K
Cap Rate 7%
$263,043
$263.0K
Cap Rate 9%
$204,589
$204.6K
Market Conditions
NOI Build-Up for 1,048 SF
Gross rent
$26.8K $25.56/SF
− Vacancy
−$482 −$0.46/SF
EGI
$26.3K $25.10/SF
− OpEx
−$7.9K −$7.53/SF
NOI
$18.4K $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%
$368,260
Cap Rate 7%
$263,043
Cap Rate 9%
$204,589
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,963 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$314.0K
$274.7K – $366.3K
NOI $21,977 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
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Business Placement
Demographics for 92201, CA
66,989
Population
26,241
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
16.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$66,663
Median Household Income
$35,527
Median Earnings
$1,349
Median Rent
$372,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in revitalizing downtown Indio near new developments.
Where is this duplex located?
The property is located at 45741 Smurr Street Indio, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime location in the heart of downtown Indio, experiencing significant revitalization.; Close proximity to the expanding Boulevard 111 corridor, a hub of cultural and social activity.; Benefit from new infrastructure upgrades and developments, including a new City Hall and library.
