51704 Harrison StCoachella, CA 92236

Property Details for 51704 Harrison St

Year built

1964

Lot size

0.49 AC

Property size (Sq ft)

21,344 SF

Property type

Mixed-use properties

Property subtype

Multifamily properties

Description

This exceptional mixed-use property, located at 51704 Harrison St, Coachella, CA 92236, presents a compelling investment opportunity. The 21,344 square foot building sits on a 0.49-acre lot (APN 778-150-001) and is zoned CG. Built in 1964, this two-story, Class C building currently boasts five units with an 80% occupancy rate. The property includes a mix of residential and commercial spaces, generating diverse income streams. The residential component features two spacious 3-bedroom, 1-bathroom units. Commercial tenants currently occupy a bar, warehouse, and CPA office. Tenants are responsible for their own utilities (electric, gas, and water), minimizing owner responsibilities to trash and sewer. The asking price is $1,200,000, representing a 6.30% cap rate. A significant value-add opportunity exists with an open lot at the rear of the property, offering potential for expansion (up to nine additional units). Conveniently located near major highways, this property is ideal for investors seeking to capitalize on Coachella's growth in both residential and commercial sectors. The property's central location within a high-rental-demand area ensures strong cash flow and future appreciation potential.

Location Insight

City

Coachella

County

Riverside

State

California

Latitude

33.6726

Longitude

-116.181

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