82626 Bliss AveIndio, CA 92201
- Residential income properties
- 3,702 SF
Property Details for 82626 Bliss Ave
- Year built
- 1948
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 3,702 SF
- Zone code
- R3
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 611-163-023
- APU
- 611163023
Description
This exceptional investment opportunity presents a six-unit apartment building located at 82626 Bliss Ave, Indio, CA 92201. The property, situated on a 0.17-acre lot, boasts a 5.93% cap rate and is currently 100% occupied. The building, constructed in 1948, is a single-story, Class B multifamily property with a permitted R3 zoning. Each of the six units features one bedroom and one bathroom, providing comfortable and convenient living spaces. Tenants are responsible for their own electricity, gas, and water, while the property owner manages the recently updated trash and septic services, contributing to streamlined maintenance and operational efficiency. The property's location offers easy access to major roadways and nearby amenities, making it highly attractive to renters. With a total asking price of $800,000, this translates to a price per unit of $133,333.33. This is an ideal investment for those seeking a stable, high-occupancy property in a growing market. The property's strong performance and convenient location make it a compelling opportunity for both seasoned investors and those new to the market. The all-age complex presents a low-maintenance, high-return investment prospect. The property's APN is 611-163-023.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,261,650
- 6.5%
- $1,164,600
- 7%
- $1,081,414
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,006,592
- Geo Method
- $2,019,639
-
Alternative Use
- Use
- Valuation
- Residential
- $1,164,600
- Hospitality
- $1,066,767
- Educational
- $887,538
- Medical
- $918,061
- Retail
- $1,380,614
Location Insight
- City
- Indio
- County
- Riverside
- State
- California
- Latitude
- 33.7195
- Longitude
- -116.223
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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