Properties

Palm Springs, CA 92262 959 E Vista Chino

959 E Vista Chino Palm Springs, CA - Image 1959 E Vista Chino Palm Springs, CA - Image 2959 E Vista Chino Palm Springs, CA - Image 3
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Presented By: David Goldberg with Coldwell Banker Realty;
  • MLS# 219138642DA
  • 05/15/2025
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  • Garage • 4

Home Details

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.
Presented By: David Goldberg with Coldwell Banker Realty;

Interior Features for 959 E Vista Chino

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Interior AmenitiesBalcony
Total Stories2

General for 959 E Vista Chino

AppliancesDishwasher, Freezer, Disposal, GasRange, Refrigerator, VentedExhaustFan, WaterHeater
Architectural StyleContemporary
Cap Rate4.53
Carport Spaces
CityPalm Springs
Community FeaturesPool
CoolingCentralAir
CountyRiverside
DirectionsSee Google Maps
DisclosuresEasements, HoaDisclosure
Garage Spaces4
Garage Y/NYes
HOA Fee$
HeatingCentral, ForcedAir, NaturalGas
Insurance Expense2780
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, Submit
Lot Size Square Feet9583
Lot Size UnitsSquareFeet
MLS Area332 - Central Palm Springs
Net Operating Income62327
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces0
Pool FeaturesCommunity, Gunite, ElectricHeat, InGround
PossessionCloseOfEscrow
PostalCityPALM SPRINGS
Property Attached Y/NYes
Property ConditionRepairsCosmetic, UpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameDesert Arches
Tenant PaysCableTv, Electricity, Gas
ViewMountains
Year Built1988
Year Built SourceAssessor

Exterior for 959 E Vista Chino

Foundation DetailsPermanent, Slab
Lot FeaturesLawn, Landscaped, Level, NearPublicTransit
Lot Size Acres0.22
Lot Size Area9583
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesGarage, GarageDoorOpener, Guest, OnStreet
Private PoolYes
SpaNo
Total Parking8

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,195,000
MLS#219138642DA
List Date 05/15/2025
Property Type Single Family
Phone 888.795.6274
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Request Info
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The Woodlands, TX 77380
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