965 E Vista Chino, Palm Springs, CA 92262 – 219114912DA

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$1,349,000

Est. payment - /mo

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8 BD

8 BA

4,372 SqFt

Price Dropped by $13K

965 E Vista Chino Palm Springs, CA 92262

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/21/2024 10:21 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,372 sqft

Price per Sqft $308

Subdivision Desert Arches

MLS Listing ID 219114912DA

Style Contemporary

Bedrooms 8

Full Baths 8

Construction Status Repair Cosmetic, Updated/Remodeled

Year Built 1988

Annual Tax Amount $11,240

Lot Size 7,841 Sqft

Property Description

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.

Location

State CA

County Riverside

Area Palm Springs Central

Rooms

Kitchen Laminate Counters

Interior

Interior Features Living Room Balcony

Heating Central, Forced Air, Natural Gas

Cooling Air Conditioning, Ceiling Fan, Central

Flooring Mixed

Fireplaces Number 4

Equipment Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer

Laundry Garage, In Closet

Exterior

Parking Features Door Opener, On street, Parking for Guests

Garage Spaces 8.0

Pool Community, Gunite, Heated, In Ground, Safety Fence

Community Features Community Mailbox

View Y/N Yes

View Mountains

Handicap Access No Interior Steps

Building

Lot Description Curbs, Landscaped, Lawn, Lot-Level/Flat, Sidewalks, Single Lot, Storm Drains, Street Lighting, Street Paved, Street Public, Utilities Underground

Story 2

Foundation Slab, Permanent

Sewer In Connected and Paid

Water Mutual Water Source, Water District

Architectural Style Contemporary

Level or Stories Two

Structure Type Stucco

Construction Status Repair Cosmetic, Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty