959 Vista Chino, Palm Springs, CA 92262
  • MLS#: 219114911DA ( )
  • Street Address: 959 Vista Chino
  • Viewed: 6
  • Price: $1,295,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1988
  • Bldg sqft: 0
  • Days On Market: 346
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92262
  • Subdivision: Desert Arches
  • Provided by: Coldwell Banker Realty
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • 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 4,048 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.
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Features
Appliances
  1. Gas Range
  2. Vented Exhaust Fan
  3. Refrigerator
  4. Disposal
  5. Freezer
  6. Dishwasher
  7. Water Heater
Architectural Style
  1. Contemporary
Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Cooling
  1. Central Air
Country
  1. US
Fireplace Features
  1. Living Room
Foundation Details
  1. Slab
  2. Permanent
Garage Spaces
  1. 4.00
Heating
  1. Natural Gas
  2. Central
  3. Forced Air
Insurance Expense
  1. 2780.00
Interior Features
  1. Living Room Balcony
Laundry Equipment Own Lease
  1. Own
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Paved
  2. Level
  3. Landscaped
  4. Lawn
  5. Near Public Transit
Netoperatingincome
  1. 62327.00
Parcel Number
  1. 507041025
Parking Features
  1. Street
  2. Garage Door Opener
  3. Guest
Pool Features
  1. Community
  2. In Ground
  3. Electric Heat
  4. Gunite
Postalcodeplus4
  1. 3200
Property Condition
  1. Repairs Cosmetic
  2. Updated/Remodeled
Sourcesystemkey
  1. 20240803154813752867000000:CDAR
Subdivision Name Other
  1. Desert Arches
Tenant Pays
  1. Gas
  2. Electricity
  3. Cable TV
Uncovered Spaces
  1. 0.00
View
  1. Mountain(s)
Year Built
  1. 1988
Year Built Source
  1. Assessor