Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Lot size

6,534 sqft

Year built

1951

Stories

1

Garage spaces

0

Heating

Natural Gas,Electric,Central

Cooling

Central Air

View

Mountain(s)

Status

Active

Days on market

39

MLS #

246072373

About this property

Unique multifamily property for entrepreneurial first-time buyer OR established investor. C2 zoning triplex with 3 units in varying renovation stages: Unit A fully renovated, Unit B partially renovated (both 1951), Unit C new construction 2025. All feature laundry facilities (A & B: dedicated rooms; C: separate space).INCOME GENERATOR: Current $5,400/month. Next month, all units available for lease renewal--proven opportunity to increase rents from $1,800 to $2,200-2,500+/unit, projecting $7,000+/month. Potential for $14,000-16,000 annual upside immediately. 2,287 sq ft | C2 Zoning | 6,585 sq ft lot | Indio heart.HOUSE-HACK OR INVESTMENT: Perfect structure for owner-occupant subsidizing mortgage or pure investment strategy. Minimal maintenance: new Unit C, renovated Unit A. Excellent diversification with 3 independent income streams.

Location

45749 Salton Street

Indio, Riverside, CA, 92201