45420 Park StIndio, CA 92201

Property Details for 45420 Park St

Year built

1958

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

3,796 SF

Zone code

R3

Property type

Apartment buildings

APN

611-182-004

APU

611182004

Description

This exceptional investment opportunity presents a 5-unit apartment building located at 45420 Park St, Indio, CA 92201. The property, built in 1958, boasts 7,840 square feet on a 0.18-acre lot and is classified as a Class B multifamily building with R3 zoning. Currently operating at 80% occupancy, the complex offers five 2-bedroom, 1-bathroom units, each generating consistent rental income. Tenants are responsible for their own utilities (electric, gas, and water), while the owner manages trash and sewer services. The property's strategic location near major highways provides easy access to shopping, amenities, and surrounding areas, contributing to its high rental demand. With a 7.59% cap rate and an asking price of $995,000, this property represents a strong investment opportunity in Indio's thriving rental market. The single-story building is situated in a desirable residential neighborhood and offers a low-maintenance investment with significant growth potential. The property's solid rental history and prime location make it an attractive choice for investors seeking a stable and profitable asset. The APN is 611-182-004. This is an all-age complex.

• CAP approach

  CAP return

  Valuation

  6%

  $1,293,685

  6.5%

  $1,194,171

  7%

  $1,108,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,032,151

  Geo Method

  $2,070,921

• Alternative Use

  Use

  Valuation

  Residential

  $1,194,171

  Hospitality

  $1,093,854

  Educational

  $910,074

  Medical

  $941,372

  Retail

  $1,415,670

Location Insight

City

Indio

County

Riverside

State

California

Latitude

33.7187

Longitude

-116.224

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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