82626 Bliss AveIndio, CA 92201

  • Residential income properties
  • 3,702 SF
For Sale
$800,000 View listing

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
82626 Bliss Ave, Indio, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,144
$85,335
$301,523
$386,858
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