4-Unit Apartment
New
For Sale
$1,190,000
965 E Vista Chino, Palm Springs, CA 92262
Each residence includes a private patio, in-unit laundry, and an enclosed garage.
Property Size4,372 SF
Lot Size0.18 Acres
Price / SF$272.19
Days on Market2
Property Features for 965 E Vista Chino
General Information
Standard status
Active
Size
4,372 SF
Total Parking Spaces
4
Lot size
0.18 Acres
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
private patios
washer/dryer
pool
Building Details
Year Built
1988
Buildings
1
Stories
2
Units
4
Listed By:
David Goldberg
(760) 668-4558
Source:
Elliman
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 16 at 2:22PM
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
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Investment Insights
Based on property information with market context.
At 965 E Vista Chino, this Palm Springs apartment property contains four 2-bedroom, 2-bath residences within 4,372 square feet. Each apartment has a private patio, its own washer and dryer, and an enclosed one-car garage. The building was constructed in 1988, occupies a 7,841-square-foot lot, and is fully occupied. Upper-level apartments have mountain views.
The property is part of a four-building community with a shared pool. Pool and landscape maintenance costs are divided among the four buildings. The address is described as within walking distance of downtown Palm Springs.
The property is part of a four-building community with a shared pool. Pool and landscape maintenance costs are divided among the four buildings. The address is described as within walking distance of downtown Palm Springs.
Key Highlights
- Four apartments, each with 2 bedrooms and 2 bathrooms
- 4,372 SF building on a 7,841 SF lot
- Private patio, washer and dryer, and enclosed 1‑car garage for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,816
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,536,320
$1.5M
Cap Rate 7%
$1,097,371
$1.1M
Cap Rate 9%
$853,511
$853.5K
Market Conditions
NOI Build-Up for 4,372 SF
Gross rent
$111.7K $25.56/SF
− Vacancy
−$2.0K −$0.46/SF
EGI
$109.7K $25.10/SF
− OpEx
−$32.9K −$7.53/SF
NOI
$76.8K $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%
$1,536,320
Cap Rate 7%
$1,097,371
Cap Rate 9%
$853,511
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 authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a private patio, in-unit laundry, and an enclosed garage.
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 apartments, each with 2 bedrooms and 2 bathrooms; 4,372 SF building on a 7,841 SF lot; Private patio, washer and dryer, and enclosed 1‑car garage for each apartment
