About 959 Vista Chino E
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.
Features of 959 Vista Chino E
| MLS® # | 219137364 |
|---|---|
| Price | $1,195,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 4,048 |
| Year Built | 1988 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Contemporary |
| Status | Active Under Contract |
Community Information
| Address | 959 Vista Chino E |
|---|---|
| Area | 332 - Palm Springs Central |
| Subdivision | Desert Arches |
| City | Palm Springs |
| County | Riverside |
| State | CA |
| Zip Code | 92262 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | On Street, Guest, Garage Door Opener |
| # of Garages | 4 |
| View | Mountain(s) |
| Has Pool | Yes |
| Pool | Safety Fence, Community, Gunite, Heated, In Ground |
Interior
| Interior Features | Quartz Counters |
|---|---|
| Appliances | Dryer, Dishwasher, Freezer, Disposal, Refrigerator, Washer, Exhaust Fan, Gas Range |
| Heating | Natural Gas, Central, Forced Air |
| Cooling | Air Conditioning, Ceiling Fan(s), Central Air |
| Fireplace | Yes |
| # of Fireplaces | 4 |
| Fireplaces | Unknown, Living Room |
Exterior
| Exterior | Balcony |
|---|---|
| Lot Description | 9583 |
| Foundation | Slab, Permanent |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | David Goldberg |
|---|---|
| Office | Coldwell Banker Realty |