Active
82451 John Nobles Avenue
Indio CA, 92201
$6,595,000
$261.71 per sqft
Active
25,200 sqft
Condos
Built in 1980
Listed by ALBERT LE with LE INVESTMENT GROUP 909-256-7889
The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.40%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 6.00%. ProForma GRM of 9.97 with a current GRM of 10.44 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region.
IV24170406
MLSⓇ ID
August 16, 2024
Listed
October 17, 2024
Updated
Map
82451 John Nobles Avenue
Indio CA, 92201
Interior Features
Total Stories
2
Laundry Description
Washer Hookup
Fireplace
No
Cooling
No
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
1.28 Acres
Lot Features
2-5 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Days on Market
56
Garage
No
Parking Total
0
View
No
County
Riverside
Water Source
Public
Pool
No
Pool Features
None
Zoning
R3
Listing History
Date | Event | Price |
|---|---|---|
10/11/2024 | Price change | $6,595,000 -4% |
Listing Contact: 909-256-7889
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/17/2024 at 3:23 PM UTC