959 E Vista Chino Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,048 sqft
Price per Sqft $336
Subdivision Desert Arches
MLS Listing ID 219114911
Style Contemporary
Bedrooms 8
Full Baths 8
Year Built 1988
Lot Size 9,583 Sqft
Property Description
Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Two neighboring (4) Four-unit Apartment Buildings being offered individually for sale, providing stable income and future value-add opportunity -- buy one or buy them both for increased ROI. Each building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, its own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,048 SF on a 9,583 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 last 36 months. 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.
Location
State CA
County Riverside
Area 332 - Palm Springs Central
Interior
Heating Central,Forced Air,Natural Gas
Cooling Air Conditioning,Ceiling Fan(s),Central Air
Fireplaces Number 4
Fireplaces Type Unknown,Living Room
Exterior
Exterior Feature Balcony
Garage Spaces 4.0
Pool Community,Gunite,Heated,In Ground,Safety Fence
Utilities Available Cable Available
View Y/N true
View Mountain(s)
Building
Lot Description Landscaped,Level,Near Public Transit
Story 2
Sewer In, Connected and Paid
Others
Acceptable Financing 1031 Exchange,Cash,Cash to New Loan,Conventional,Submit
Listing Terms 1031 Exchange,Cash,Cash to New Loan,Conventional,Submit
Special Listing Condition Standard