959 E Vista Chino

Property Overview
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.
Home Details
- Property type
- ResidentialIncome
- Year built
- 1988
- Lot size
- 9,583 sq ft
- Parking
- 8 spaces
- Garage
- 4 spaces
- Stories
- 2.0
- Days on market
- 0
- MLS status
- Active
- Architectural style
- Contemporary
Features & Amenities
Interior
- Balcony
Appliances
- Dishwasher
- Freezer
- Disposal
- Gas Range
- Refrigerator
- Vented Exhaust Fan
- Water Heater
Parking
- Garage
- Garage Door Opener
- Guest
- On Street
Pool
- Community
- Gunite
- Electric Heat
- In Ground
Lot
- Lawn
- Landscaped
- Level
- Near Public Transit
Community, Schools & Utilities
Community
- Subdivision
- Desert Arches
- Private pool
- Yes
- View
- Yes
Utilities
- Heating
- Central,ForcedAir,NaturalGas
- Cooling
- CentralAir
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

