51704 Harrison St Coachella, CA 92236

This exceptional mixed-use property, located at 51704 Harrison St, Coachella, CA 92236, presents a compelling investment opportunity. The 21,344 square foot building sits on a 0.49-acre lot (APN 778-150-001) and is zoned CG. Built in 1964, this two-story, Class C building currently boasts five units with an 80% occupancy rate. The property includes a mix of residential and commercial spaces, generating diverse income streams. The residential component features two spacious 3-bedroom, 1-bathroom units. Commercial tenants currently occupy a bar, warehouse, and CPA office. Tenants are responsible for their own utilities (electric, gas, and water), minimizing owner responsibilities to trash and sewer. The asking price is $1,200,000, representing a 6.30% cap rate. A significant value-add opportunity exists with an open lot at the rear of the property, offering potential for expansion (up to nine additional units). Conveniently located near major highways, this property is ideal for investors seeking to capitalize on Coachella's growth in both residential and commercial sectors. The property's central location within a high-rental-demand area ensures strong cash flow and future appreciation potential.