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$ 1,397,000
Est. payment /mo
Price Dropped by $98K
53228 Cesar Chavez Coachella, CA 92236
0.56 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26146469
HOA Y/N No
Year Built 1963
Lot Size 0.560 Acres
Property Sub-Type Apartment
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/one-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/one-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
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Exterior
Pool None
Community Features Valley
Private Pool No
Building
Lot Description Near Public Transit
Story 1
Entry Level One
Sewer Unknown
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 778320003
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Cray Carlson CB RICHARD ELLIS 909-815-7324
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