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…
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Last updated Oct 1, 2024
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MLS# 219114912DA —
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:Assessor
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New Construction:No
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Architectural Style:Contemporary
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Foundation:Permanent, Slab
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Number With Patio:6
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:2
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Features:Living Room Balcony
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Levels:Two
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Room Type:Living Room
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Fireplace:Yes
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Fireplace:Living Room
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Laundry:1
Financial & Terms
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Disclosures:Easements, Homeowners Association
Location
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Directions:See Google Maps
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Latitude:33.84458200
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Longitude:-116.53716400
The Property
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Property Type:Residential Income
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Property Condition:Repairs Cosmetic, Updated/Remodeled
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Lot Features:Landscaped, Lawn, Level, Paved, Corner Lot, Near Public Transit
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Lot Size Area:7841.0000
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Lot Size Acres:0.1800
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Lot Size SqFt:7841.00
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Lot Size Source:Assessor
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View:1
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View:Mountain(s)
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:507041026
Heating & Cooling
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Heating:1
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Heating:Natural Gas, Central, Forced Air
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Cooling:Yes
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Cooling:Central Air
Appliances
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Appliances:Dishwasher, Disposal, Vented Exhaust Fan, Freezer, Gas Range, Refrigerator, Water Heater
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Included:Yes
The Community
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Subdivision:Desert Arches
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Subdivision:Desert Arches
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Senior Community:No
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Pool:Community, Gunite, Electric Heat, In Ground
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Private Pool:Yes
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage Door Opener, Guest, Street
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Parking Spaces:8.00
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Garage Spaces:4.00
Extra Units
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Number With Dishwasher:4
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Number With Refrigerator:4
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 | 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 |