Palm Springs Four-Unit Apartment
965 E Vista Chino, Palm Springs, CA 92262
Four 2-bedroom units with private patios in Palm Springs.
Type:Investment
Property size:
4,372 SFLot size:
0.18 AcresPrice / SF:
$272/SF- Added:
- May 19, 2026
- Days on Market:
- 13
- Last Refresh:
- May 19 at 9:03 am
Property Features for 965 E Vista Chino
General Information
- Standard status
- Active
- Size
- 4,372 SF
- Lot size
- 0.18 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1988
Listing agent David Goldberg (760) 668-4558
Listing office (760) 668-4558
Listing date May 19, 2026
Source Elliman
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 David Goldberg
HighLights
- Four‑unit apartment building in Palm Springs with stable income.
- 100% occupied with historically high occupancy rates, providing immediate income.
- Opportunity to increase Net Operating Income (NOI) by raising rents to current market rates.
- Each unit features 2 bedrooms, 2 bathrooms, private patio, in‑unit washer/dryer, and a 1‑car garage.
- Walking distance to downtown Palm Springs.
- Shared community pool and mountain views from upstairs units.
Overview
This four-unit apartment building presents an investment opportunity in Palm Springs, within walking distance of downtown. The property features four apartments, each with two bedrooms and two bathrooms, as well as private patios, in-unit washer/dryers, and enclosed one-car garages. The building spans 4,372 square feet on a 7,841 square foot lot. Upper units offer mountain views. The community includes four buildings, each a four-plex, sharing a pool. Landscape and pool maintenance expenses are shared among the four buildings. The property is currently 100% occupied with historically high occupancy rates. Some rents are below market value, offering the new owner the opportunity to increase net operating income (NOI) as rental rates have increased. This income-producing asset is located in the Palm Springs market. The property has a bike score of 38, indicating it is somewhat bikeable, a walk score of 8, indicating car-dependency, and a transit score of 22, indicating minimal transit options.
Local Financial Insights For Multifamily LT 5
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 | $111.7k | $25.56 |
| − Vacancy | −$2.0k | −$0.46 |
| EGI | $109.7k | $25.10 |
| − OpEx | −$32.9k | −$7.53 |
| NOI | $76.8k | $17.57 |
4,372 SF · lease $25.56/SF/yr · vacancy 1.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$960.2K – $1.28M
NOI $76,816 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$1.01M
$884.6K – $1.18M
NOI $70,767 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,684 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.537192
- Latitude
- 33.844584
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four 2-bedroom units with private patios in Palm Springs.
Where is this quadplex located?
The property is located at 965 E Vista Chino Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Four‑unit apartment building in Palm Springs with stable income.; 100% occupied with historically high occupancy rates, providing immediate income.; Opportunity to increase Net Operating Income (NOI) by raising rents to current market rates.
