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Apartment at 45304 Park
$1,695,000
45304 Park
Indio, Riverside, 92201
Apartment
Active · 0 days on market

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

Type
Apartment
Bedrooms
8
Building size
5,600 sqft
Lot size
6,970 sqft
Year built
1967
Stories
1
Garage spaces
0
Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
Pool
None
Status
Active
Days on market
0
MLS #
246508440

About this property

45304 & 45352 Park Street, a rare side-by-side, two-parcel apartment offering totaling eight units in the heart of Indio, California. Constructed in 1958 and situated on a combined ±13,940-square-foot lot, the offering consists of two adjacent four-plex buildings delivered together as a single, contiguous investment. All eight units are identical two-bedroom, one-bathroom floor plans of approximately 700 square feet, single-story throughout. The buildings are single-story and pitched-roof construction. Each unit is individually metered for both gas and electricity and served by its own individual water heater. All windows throughout both buildings have been replaced, and all units have tile flooring. Select units have already been remodeled and majority have in-unit laundry hook-ups. Parking consists of carports and half the units have private patios. Indio is the largest and fastest-growing city in the Coachella Valley and eastern Riverside County, with a population of approximately 93,000 to 95,000 year-round residents and an additional seasonal population of roughly 30,000 during the winter months. Indio ranks as the No. 3 fastest-growing city in Southern California, the No. 8 fastest-growing city in California, and the No. 30 fastest-growing city in the United States — growth metrics that place it in rare company among established Southern California municipalities.

Location

45304 Park

Indio, Riverside, CA, 92201

Ask Alex about this property

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Alex Duarte, DRE# 01970077, First Team Real Estate

45304 Park, Indio CA | Multifamily for Sale