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965 E Vista Chino

Palm Springs, CA 92262

– beds
– baths
– sqft
7,841 sqft lot
1988 build
– on site

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.

Listed By CRMLS_CA / David Goldberg / Coldwell Banker Realty

Last checked: Checking… • Last updated Nov 20, 2024 •

MLS# 219114912DA —

This property is listed in more than one place. See it here.

The Building

Year Built:

1988
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Contemporary
Foundation:

Permanent, Slab
Number With Patio:

6
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Features:

Living Room Balcony
Levels:

Two
Room Type:

Living Room
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

1

Financial & Terms

Disclosures:

Easements, Homeowners Association

Location

Directions:

See Google Maps
Latitude:

33.84458200
Longitude:

-116.53716400

The Property

Property Type:

Residential Income
Property Condition:

Repairs Cosmetic, Updated/Remodeled
Lot Features:

Paved, Landscaped, Level, Lawn, Corner Lot, Near Public Transit
Lot Size Area:

7841.0000
Lot Size Acres:

0.1800
Lot Size SqFt:

7841.00
Lot Size Source:

Assessor
View:

1
View:

Mountain(s)
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

507041026

Heating & Cooling

Heating:

1
Heating:

Natural Gas, Central, Forced Air
Cooling:

Yes
Cooling:

Central Air

Appliances

Appliances:

Dishwasher, Refrigerator, Gas Range, Freezer, Vented Exhaust Fan, Disposal, Water Heater
Included:

Yes

The Community

Subdivision:

Desert Arches
Subdivision:

Desert Arches
Senior Community:

No
Pool:

Community, In Ground, Gunite, Electric Heat
Private Pool:

Yes
Assessments:

No

Parking

Parking:

Yes
Parking:

Garage Door Opener, Street, Guest
Parking Spaces:

8.00
Garage Spaces:

4.00

Extra Units

Number With Dishwasher:

4
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/1/24 Oct 1, 2024	Price Changed	CRMLS_CA	$1,362,500	-0.9%
8/3/24 Aug 3, 2024	Listed / Active	CRMLS_CA	$1,375,000
5/21/24 May 21, 2024	Listed / Active	DAMLS

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This multifamily located in Movie Colony East, Palm Springs, CA 92262 is currently for sale for $1,362,500. 965 E Vista Chino is a – square foot multifamily with – beds and – baths that has been on Estately for 111 days. 965 E Vista Chino is in the Movie Colony East neighborhood of Palm Springs and has a WalkScore® of 52, making it somewhat walkable. This multifamily is in the attendance area of Palm Springs High School, Katherine Finchy Elementary School, and Raymond Cree Middle School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 05:41 on Nov 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.