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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 750,000

Est. payment | -/mo

6,534 Sqft Lot

Save

$ 750,000

Est. payment | -/mo

Save

6,534 Sqft Lot

Open House

Sat Aug 22, 10:00am - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219151512DA

Lot Size 6,534 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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

State CA

County Riverside

Zoning Assessor

Direction From freeway 10 take exit 144 into Golf Ctr Parkway. Turn right onto Golf Car Parkway toward fairgrounds. Turn right onto Ave. 4

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 611371016

Acceptable Financing Cash, Conventional, Exchange, FHA

Listing Terms Cash, Conventional, Exchange, FHA

Listed by Maria Estela Ferreira, DRE#01722648 Berkshire Hathaway HomeServices California Properties

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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45749 Salton Street Indio, CA 92201