45861 Salton StIndio, CA 92201

Property Details for 45861 Salton St

Year built

1956

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

4,050 SF

Zone code

C2

Property type

Retail space

APN

611-371-023

APU

611371023

Description

This exceptional 5-unit commercial property, situated on a 0.29-acre lot at 45861 Salton Street in Indio, California, presents a compelling investment opportunity. The property boasts a diverse tenant mix, with four units occupied by long-term tenants. These include a well-established barber shop, a thriving karate studio, and two units leased to a carpet and tile business. The fifth unit, previously used for church services, has undergone recent renovations exceeding $8,000 in improvements. This unit also benefits from a recent remodel. Each unit is equipped with its own restroom, with the karate studio featuring two restrooms. Significant recent upgrades include the complete replacement of all plumbing lines running from the rear of the units to the city sewer system within the last year. Furthermore, the carport located behind the carpet and tile unit has a newly installed roof. The property's strategic location, just a short distance from the county courthouse, ensures high visibility and accessibility. The asking price for this income-generating property is $525,000. This represents a strong return on investment given the long-term tenants and recent upgrades. The property's diverse tenant base and prime location make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-maintained, multi-tenant commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,636,262

  6.5%

  $1,510,396

  7%

  $1,402,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,790,362

  Geo Method

  $3,592,206

• Alternative Use

  Use

  Valuation

  Residential

  $1,274,076

  Hospitality

  $1,167,046

  Educational

  $970,969

  Medical

  $1,004,362

  Retail

  $1,510,396

Location Insight

City

Indio

County

Riverside

State

California

Latitude

33.7154

Longitude

-116.213

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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