959 E Vista Chino
Palm Springs, CA 92262
- 8 beds
- 8 baths
- 4,048 sqft
- $336 per sqft
- 1988 build
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.
Listing courtesy of DAMLS / Coldwell Banker Realty
Last checked:
Checking…
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Last updated Nov 20, 2024
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MLS# 219114911 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1988
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Year Built Source:None
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Year Established:None
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Construction Materials:Stucco
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New Construction:false
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Builder Name:None
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Builder Model:None
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Architectural Style:Contemporary
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Building Area Total:4048.0
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Building Area Source:None
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# of Buildings:None
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# of Units Total:None
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Unit Number:None
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Building Name:None
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Building Features:None
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Stories:None
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Stories Total:2
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Levels:Two
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Door Features:None
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Patio And Porch Features:Covered
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Covered Patio:true
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Accessibility Features:No Interior Steps
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Basement:None
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Foundation Details:Permanent, Slab
Interior
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Rooms Total:None
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Furnished:None
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Entry Location:None
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Interior Features:Quartz Counters
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Flooring:Mixed
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Fireplaces Total:4
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Fireplace:true
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Fireplace Features:Unknown, Living Room
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Dining Area:true
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Laundry Features:In Closet, In Garage
Room Dimensions
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Living Area:4048.0
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Living Area Source:None
Location
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Directions:None
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Cross Street:E Vista Chino & N Avenida Caballeros
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Latitude:33.844589
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Longitude:-116.537513
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Property Condition:Repair Cosmetic, Updated/Remodeled
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Topography:None
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Lot Features:Landscaped, Level, Near Public Transit
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Lot Size Area:9583.0
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Lot Dimensions Source:None
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Lot Size Source:Assessor
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Current Use:None
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Possible Use:None
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View:Mountain(s)
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View:true
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Additional Parcels:No
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Property Attached:No
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Exterior Features:Balcony
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Water Body Name:None
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Waterfront:No
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View:Yes
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Fencing:None
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Sprinkler System:true
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Road Frontage Type:None
Listing Agent
- Contact info:
- Agent phone:
- (760) 668-4558
- Office phone:
- (760) 776-9898
Taxes
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Tax Legal Description:None
Beds
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Bedrooms Total:8
Baths
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Total Baths:8.0
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Total Baths:8
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Full Baths:8
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Partial Baths:None
The Listing
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Home Warranty:No
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Disclosures:Homeowners Association, Easements
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Disclosures -Easements:true
Heating & Cooling
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Heating:Central, Forced Air, Natural Gas
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Heating:true
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Heating -Central:true
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Heating -Forced Air:true
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Heating Fuel -Natural Gas:true
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Cooling:Air Conditioning, Ceiling Fan(s), Central Air
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Cooling:true
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Cooling Type -Air Conditioning:true
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Central Air:true
Utilities
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Utilities:Cable Available
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Water Source:None
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Sewer:In, Connected and Paid
Appliances
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Appliances:Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Range, Refrigerator, Washer
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Refrigerator:true
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Gas Range:true
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Freezer:true
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Dishwasher:true
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Disposal:true
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Washer:true
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Dryer:true
Schools
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Elementary School:None
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Elementary School District:None
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Middle Or Junior School:None
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Middle Or Junior School District:None
The Community
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Subdivision Name:Desert Arches
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Gated Community:No
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Senior Community:false
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Senior Community:No
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Community Features:Community Mailbox
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Spa:false
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Pool:Yes
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Pool Private:true
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Pool Features:Community, Gunite, Heated, In Ground, Safety Fence
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Pets Allowed:None
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Association:None
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Association Name:None
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Association Fee:None
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Association Fee Frequency:None
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Association Fee 2:None
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Association Fee 2 Frequency:None
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Cap Rate:None
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# of Units In Community:None
Parking
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Garage Spaces:4.0
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Attached Garage:None
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Covered Spaces:None
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Total Covered Spaces:4.0
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Parking Total:8.0
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Parking Features:Garage Door Opener, Guest, On Street, Total Covered Spaces
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Open Parking Spaces:None
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Parking On Street:true
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/1/24
Oct 1, 2024
|
Price Changed | DAMLS | $1,362,500 | -0.9% |
8/3/24
Aug 3, 2024
|
Listed / Active | DAMLS | $1,375,000 |