965 E Vista Chino, Palm Springs, CA 92262
- $1,190,000
- 8
- BD
- 8
- BA
- 4,372
- SqFt
- List Price
- $1,190,000
- Status
- ACTIVE
- MLS#
- 219154314
- Year Built
- 1988
- Bedrooms
- 8
- Bathrooms
- 8
- Living Sq. Ft
- 4,372
- Lot Size
- 7,841
- Lot Location
- Landscaped, Level, Corner Lot, Near Public Transit
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- Contemporary
- Stories
- 2
- Neighborhood
- Desert Arches
Property Description
Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Four-unit Apartment Building offered for sale, providing stable income and future value-add opportunity! Building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the past few years. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants. Please note that 959 E Vista Chino (the apartment building next door) is also available.
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Additional Information
- Land Lease Type
- Fee
- Lot Description
- Landscaped, Level, Corner Lot, Near Public Transit
- Appliances
- Dryer, Dishwasher, Freezer, Disposal, Refrigerator, Washer, Exhaust Fan, Gas Range
- Pool
- Yes
- Pool Description
- Safety Fence, Community, Gunite, Heated, In Ground
- Fireplace Description
- Unknown, Living Room
- Heat
- Natural Gas, Central, Forced Air
- Cooling
- Air Conditioning, Ceiling Fan(s), Central Air
- View
- Mountain(s)
- Parking
- On Street, Guest, Garage Door Opener
- Garage Spaces Total
- 4
- Sewer
- In, Connected and Paid
- Water
- Mutual Water Source, Water District
Mortgage Calculator
Listing courtesy of Coldwell Banker Realty.