John Nobles & Robidoux St Indio, CA 92201
- Land
- 72,000 SF
- 4.22 lot acres
Current Use by Public Records
- Land
Property Details for 0 John Nobles & Robidoux St
- Lot size
- 4.22 lot acres
- Property size
- 72,000 SF
- Property type
- Land
Description
This exceptional investment opportunity presents a fully approved 72-unit multifamily project in the heart of Indio, CA. Located on a 4.22-acre lot (APN: 614-091-003, 614-091-004), this fee-simple property boasts 72,000 square feet and offers a compelling 8.45% cap rate at an asking price of $3,900,000 ($242.49/sq ft). The project is shovel-ready upon close of escrow, eliminating the time and expense of navigating architectural, engineering, and city approvals. The unit mix includes 44 two-bedroom/two-bathroom units, 8 three-bedroom/two-bathroom units, and 20 one-bedroom/one-bathroom units, ranging from 817 to 1,301 square feet. Units feature contemporary and efficient layouts. This prime location offers convenient access to Indio's shopping, dining, public transportation, and major freeways, and is minutes from renowned attractions like the Polo Grounds and music festivals. The property is zoned R-3 and comprises a three-story building. This is a truly remarkable opportunity for investors seeking a high-return, fully permitted multifamily development in a thriving California market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indio
- County
- Riverside
- State
- California
- Longitude
- -116.219
- Latitude
- 33.7141
