965 E Vista Chino Palm Springs, CA 92262
Listing Courtesy of: Desert Area MLS / Coldwell Banker Realty / David Goldberg / Dean Liebl

  965 E Vista Chino Palm Springs, CA 92262

Active (121 Days)
$1,362,500
8
BED
8
BATH
4,372
SQFT

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 4,372 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 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.

MLS #:
219114912
Type
Multifamily
Year Built
1988
Style
Contemporary
Views
Mountain(s)
County
Riverside County

Listed By

David Goldberg, DRE #02027373 CA, Coldwell Banker Realty
Dean Liebl, DRE #02120220 CA, Coldwell Banker Realty
Source
Desert Area MLS
Last checked Dec 3 2024 at 1:30 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 8
Interior Features
  • Washer
  • Refrigerator
  • Gas Range
  • Freezer
  • Exhaust Fan
  • Dryer
  • Disposal
  • Dishwasher
Subdivision
  • Desert Arches
Lot Information
  • Near Public Transit
  • Corner Lot
  • Level
  • Landscaped
Property Features
  • Fireplace: Living Room
  • Fireplace: Unknown
  • Foundation: Slab
  • Foundation: Permanent
Heating and Cooling
  • Natural Gas
  • Forced Air
  • Central
  • Central Air
  • Ceiling Fan(s)
  • Air Conditioning
Pool Information
  • Safety Fence
  • In Ground
  • Heated
  • Gunite
  • Community
Flooring
  • Mixed
Utility Information
  • Sewer: Connected and Paid, In
Parking
  • Total Covered Spaces
  • On Street
  • Guest
  • Garage Door Opener
Living Area
  • 4,372 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 01, 2024
Price Changed
$1,362,500
-1%
-12,500
Aug 03, 2024
Original Price
$1,375,000
-
-
Disclaimer: Copyright 2024 Desert Area MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/2/24 17:30