965 E Vista Chino

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Source: California Regional MLS

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CDAR-D81408 • CDAR-d85543

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.

Property Information

Property Details

Location

Address

965 E Vista Chino

County

Riverside

City

Palm Springs

Zip Code

92262

Subdivision

Desert Arches

MLS Area

332 - Central Palm Springs

Interior Features

Heating and Cooling

Cooling

Central Air

Heating

Central, Forced Air, Natural Gas

Fireplace

Living Room

Building

Building Information

Year Built

1988

Stories

Foundation

Permanent, Slab

Condition

Repairs Cosmetic, Updated/Remodeled

Financial

Special Conditions

Standard

965 E Vista Chino, Palm Springs, CA 92262

Market Report for 92262