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965 Vista Chino
Palm Springs, CA 92262
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.
PROPERTY INFORMATION
| MLS # | 219114912DA | Lot Size | 7,841 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,362,500
Price Per SqFt: $ inf |
DOM | 153 Days |
| Address | 965 Vista Chino | Type | Residential Income |
| City | Palm Springs | Sq.Ft. | Sq. Ft. |
| Postal Code | 92262 | Garage | 4 |
| County | Riverside | Year Built | 1988 |
| Bed / Bath | 0 / 0 | Parking | 8 |
| Built In | 1988 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Range, Vented Exhaust Fan, Refrigerator, Disposal, Freezer, Dishwasher, Water Heater |
| Has Heating | Yes |
| Heating Information | Natural Gas, Central, Forced Air |
| Room Information | Living Room |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| InteriorFeatures Information | Living Room Balcony |
| Has Spa | No |
EXTERIOR FEATURES
| FoundationDetails | Slab, Permanent |
| Has Pool | Yes |
| Pool | Community, In Ground, Electric Heat, Gunite |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,453
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/02/2024 | Listed | $1,375,000 |
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Listing provided courtesy of David Goldberg, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
