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Listed by Cray Carlson • CB RICHARD ELLIS
$ 1,495,000
Est. payment | /mo
4,200 SqFt
$ 1,495,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $355
MLS Listing ID CV-26146469
Year Built 1963
Lot Size 0.560 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
CBRE is pleased to present a high-potential, value-add multifamily investment opportunity at 53228 Cesar Chavez Street in Coachella, California. This
9-unit asset, originally constructed in 1963, offers an attractive and diverse unit mix of 4 one-bedroom/one-bath units, 1 one-bedroom/one-and-ahalf-bath unit, and 4 two-bedroom/two-bath units, positioning the property to capture demand across multiple renter segments. The asset presents a compelling opportunity for investors to drive revenue growth through strategic management, and mark-to-market rent increases in a submarket
characterized by limited new multifamily supply. Located within the rapidly expanding Coachella Valley, the property benefits from strong population
growth, increasing rental demand, and proximity to major employment drivers in agriculture, logistics, and the greater Palm Springs tourism economy.
9-unit asset, originally constructed in 1963, offers an attractive and diverse unit mix of 4 one-bedroom/one-bath units, 1 one-bedroom/one-and-ahalf-bath unit, and 4 two-bedroom/two-bath units, positioning the property to capture demand across multiple renter segments. The asset presents a compelling opportunity for investors to drive revenue growth through strategic management, and mark-to-market rent increases in a submarket
characterized by limited new multifamily supply. Located within the rapidly expanding Coachella Valley, the property benefits from strong population
growth, increasing rental demand, and proximity to major employment drivers in agriculture, logistics, and the greater Palm Springs tourism economy.
Location
State CA
County Riverside
Area 315 - Coachella
Interior
Heating None
Laundry Common Area, Electric Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Valley
Building
Lot Description Near Public Transit
Sewer Unknown