82626 Bliss AveIndio, CA 92201

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

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.

• 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

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