0 John Nobles & Robidoux StIndio, CA 92201

Property Details for 0 John Nobles & Robidoux St

Lot size

4.22 AC

Property size (Sq ft)

72,000 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a fully approved 72-unit multifamily project in the heart of Indio, CA. Located on a 4.22-acre lot (APN: 614-091-003, 614-091-004), this fee-simple property boasts 72,000 square feet and offers a compelling 8.45% cap rate at an asking price of $3,900,000 ($242.49/sq ft). The project is shovel-ready upon close of escrow, eliminating the time and expense of navigating architectural, engineering, and city approvals. The unit mix includes 44 two-bedroom/two-bathroom units, 8 three-bedroom/two-bathroom units, and 20 one-bedroom/one-bathroom units, ranging from 817 to 1,301 square feet. Units feature contemporary and efficient layouts. This prime location offers convenient access to Indio's shopping, dining, public transportation, and major freeways, and is minutes from renowned attractions like the Polo Grounds and music festivals. The property is zoned R-3 and comprises a three-story building. This is a truly remarkable opportunity for investors seeking a high-return, fully permitted multifamily development in a thriving California market.

Location Insight

City

Indio

County

Riverside

State

California

Latitude

33.7141

Longitude

-116.219

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