45420 Park StIndio, CA 92201

  • Residential income properties
  • 3,796 SF
For Sale
$995,000 View listing

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
Residential income properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
45420 Park St, Indio, California

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

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
$6,738
$84,195
$336,795
$420,990
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