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Property profile & analytics
OFF-MARKET
Retail space

45861 Salton St Indio, CA 92201-4649

4,050 SF 0.29 ac lot Built 1956
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-1261457
Property summary
AI-generated overview

This exceptional 5-unit commercial property, situated on a 0.29-acre lot at 45861 Salton Street in Indio, California, presents a compelling investment opportunity. The property boasts a diverse tenant mix, with four units occupied by long-term tenants. These include a well-established barber shop, a thriving karate studio, and two units leased to a carpet and tile business. The fifth unit, previously used for church services, has undergone recent renovations exceeding $8,000 in improvements. This unit also benefits from a recent remodel. Each unit is equipped with its own restroom, with the karate studio featuring two restrooms. Significant recent upgrades include the complete replacement of all plumbing lines running from the rear of the units to the city sewer system within the last year. Furthermore, the carport located behind the carpet and tile unit has a newly installed roof. The property's strategic location, just a short distance from the county courthouse, ensures high visibility and accessibility. The asking price for this income-generating property is $525,000. This represents a strong return on investment given the long-term tenants and recent upgrades. The property's diverse tenant base and prime location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-maintained, multi-tenant commercial property in a thriving area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Construction WOOD
Total area 4,050 SF
Lot 0.29 ac (12,632 SF)
Zoning code C2
APN 611-371-023
UPID US09-1261457
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Blue Angels Carpet Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jack W Evarone · 1 yrs held
Jack W Evarone
since 2025
Last sale
$475,000
3 recorded transactions
2025
$475,000
2024
Price N/A
2023
Price N/A
Zoning & alternative use
C2 · Indio, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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