Three-Unit Residential
84053 Manila Ave, Indio, CA 92201
For Sale
New
$550,000
All three residences are vacant, allowing a new owner to establish occupancy and leasing plans.
Property Size1,002 SF
Days on Market2
Property Features for 84053 Manila Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Arturo Martinez
(626) 261-0952
Source:
Elliman
Added: Nov 6
Last Checked: Nov 6 at 2:28PM
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 Arturo Martinez
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Investment Insights
Based on property information with market context.
This 1952-built triplex contains three residences: one with three bedrooms and one bathroom, plus two one-bedroom, one-bathroom units. The property has undergone recent remodeling, and all units are vacant.
A driveway and additional off-street parking serve the property.
A driveway and additional off-street parking serve the property.
Key Highlights
- Three‑unit property with all residences vacant
- Unit mix includes one 3‑bedroom, 1‑bathroom unit and two 1‑bedroom, 1‑bathroom units
- Built in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,605
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,100
$352.1K
Cap Rate 7%
$251,500
$251.5K
Cap Rate 9%
$195,611
$195.6K
Market Conditions
NOI Build-Up for 1,002 SF
Gross rent
$25.6K $25.56/SF
− Vacancy
−$461 −$0.46/SF
EGI
$25.2K $25.10/SF
− OpEx
−$7.5K −$7.53/SF
NOI
$17.6K $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%
$352,100
Cap Rate 7%
$251,500
Cap Rate 9%
$195,611
Alternative Uses
Best Use
Multifamily LT 5
$251.5K
$220.1K – $293.4K
NOI $17,605 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$231.7K
$202.7K – $270.3K
NOI $16,219 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$300.2K
$262.7K – $350.2K
NOI $21,013 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
209
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
$372,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Riverside County, CA
Properties on Market for Triplexes in Riverside County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are vacant, allowing a new owner to establish occupancy and leasing plans.
Where is this triplex located?
The property is located at 84053 Manila Ave Indio, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑unit property with all residences vacant; Unit mix includes one 3‑bedroom, 1‑bathroom unit and two 1‑bedroom, 1‑bathroom units; Built in 1952
