46595 Vargas Road Indio, CA 92201
Well-maintained 51-unit, one-story community with private patios, on-site laundry, and surface parking.
Property Features for 46595 Vargas Road
General Information
- Standard status
- Active
- Size
- 29,376 SF
- Lot size
- 2.44 Acres
- Property subtype
- Multifamily
Listing office CBRE - Ontario (909) 418-2071
Listing date Jul 13, 2026
Source Cbre
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Investment Insights
Based on property information with market context.
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 |
