46595 Vargas Rd Indio, CA 92201
Indio AreaEstimated payment $54,658/month
Highlights
- Central Heating and Cooling System
- Laundry Facilities
- 1-Story Property
About This Home
We are pleased to exclusively present a distinguished multifamily investment opportunity at Casa Serena Apartments, 46595 Vargas Road in Indio, CA, offering a strong in-place income stream in the heart of the Coachella Valley.
This well-maintained 51-unit garden-style community provides residents with direct access to the I-10 Freeway and Highway 111 retail corridor, and proximity to the world-famous Empire Polo Grounds and Coachella Valley Music & Arts Festival. Situated on a ±106,286 SF lot, Casa Serena features ±29,376 SF of rentable space across 51 one-bedroom/one-bathroom floor plans averaging a generous 576 SF each. Select units have been brand new remodeled with dark cabinetry, granite-style countertops, luxury vinyl wood plank flooring, and new tub and shower surrounds. Open-concept island kitchens offer a breakfast bar, electric stove and range with hood, and ample cabinet storage. Each unit includes walk-in closets, double-pane windows, private individual patios, and central air and heating — all on one story with no neighbors above or below. Common areas feature an on-site laundry facility, lush mature landscaping, a beautifully maintained courtyard, and surface parking, with full-time on-site property management and maintenance staff. Indio’s economy is anchored by a dynamic mix of hospitality, gaming, government, healthcare, and retail. Top employers include Fantasy Springs Resort Casino, Spotlight 29 Casino, the City of Indio, Desert Regional Medical Center, and the College of the Desert — driving a stable, diverse employment base across the Coachella Valley. As the secondary seat of Riverside County government, Indio supports thousands of public sector jobs. Tourism adds powerful economic strength, with nearly 1.4 million annual visitors drawn to the Coachella Valley Music & Arts Festival, the Empire Polo Grounds, and the National Date Festival — sustaining a consistent and resilient tenant base year-round. Casa Serena Apartments is a stable income-producing asset in the Coachella Valley, promising a strong return on investment in one of Southern California’s most rapidly growing communities. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1982
Lot Details
- 2.44 Acre Lot
- Two or More Common Walls
- Through 612-064-052
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 29,376 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 68 Open Parking Spaces
- 68 Parking Spaces
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 14976
- Assessor Parcel Number 612064001
- $583 per year additional tax assessments
Community Details
Overview
- 12 Buildings
- 51 Units
Amenities
- Laundry Facilities
Building Details
- 51 Leased Units
- 51 Separate Electric Meters
- 51 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,318
- Fuel Expense $1,002
- Gardener Expense $10,800
- Insurance Expense $15,000
- Other Expense $10,200
- Pest Control $1,356
- Professional Management Expense $63,477
- Supplies Expense $13,955
- Trash Expense $14,971
- Water Sewer Expense $11,575
- New Taxes Expense $134,918
- Operating Expense $318,822
- Gross Income $919,860
- Net Operating Income $555,045
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | -- | -- | ||
| 2025 | -- | -- | ||
| 2023 | -- | -- | ||
| 2022 | $0 | $0 | $0 | $0 |
| 2021 | $0 | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 |
| 2019 | $0 | $5,182,740 | $1,248,384 | $3,934,356 |
| 2018 | $0 | $5,182,740 | $1,248,384 | $3,934,356 |
| 2017 | $0 | $5,081,118 | $1,223,906 | $3,857,212 |
| 2016 | $0 | $4,981,489 | $1,199,908 | $3,781,581 |
| 2015 | -- | $4,883,814 | $1,176,381 | $3,707,433 |
| 2014 | -- | $4,788,054 | $1,153,315 | $3,634,739 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2026 07/29/26 | For Sale | $8,400,000 | 0.0% | $286 / Sq Ft |
| 07/04/2026 07/04/26 | Off Market | $1,295 | -- | -- |
| 03/02/2026 03/02/26 | Price Changed | $1,295 | +3.6% | $3 / Sq Ft |
| 12/29/2025 12/29/25 | Price Changed | $1,250 | -5.7% | $3 / Sq Ft |
| 09/19/2025 09/19/25 | Price Changed | $1,325 | +6.0% | $3 / Sq Ft |
| 08/25/2025 08/25/25 | Price Changed | $1,250 | -5.7% | $3 / Sq Ft |
| 08/06/2025 08/06/25 | Price Changed | $1,325 | -1.9% | $3 / Sq Ft |
| 04/14/2025 04/14/25 | Price Changed | $1,350 | +1.9% | $3 / Sq Ft |
| 01/11/2025 01/11/25 | Price Changed | $1,325 | +2.3% | $3 / Sq Ft |
| 10/30/2024 10/30/24 | Price Changed | $1,295 | +3.6% | $3 / Sq Ft |
| 10/10/2024 10/10/24 | Price Changed | $1,250 | -3.5% | $3 / Sq Ft |
| 07/31/2024 07/31/24 | Price Changed | $1,295 | +2.4% | $3 / Sq Ft |
| 07/08/2024 07/08/24 | Price Changed | $1,265 | -0.8% | $3 / Sq Ft |
| 06/25/2024 06/25/24 | Price Changed | $1,275 | 0.0% | $3 / Sq Ft |
| 06/25/2024 06/25/24 | For Rent | $1,275 | -1.5% | -- |
| 09/16/2023 09/16/23 | Price Changed | $1,295 | +3.6% | $3 / Sq Ft |
| 08/31/2023 08/31/23 | Price Changed | $1,250 | -3.5% | $3 / Sq Ft |
| 08/07/2023 08/07/23 | For Rent | $1,295 | 0.0% | -- |
| 07/17/2023 07/17/23 | Price Changed | $1,295 | -2.3% | $3 / Sq Ft |
| 07/06/2023 07/06/23 | Price Changed | $1,325 | +2.3% | $3 / Sq Ft |
| 06/24/2023 06/24/23 | For Rent | $1,295 | 0.0% | -- |
| 06/14/2023 06/14/23 | For Rent | $1,295 | 0.0% | -- |
| 05/19/2023 05/19/23 | Price Changed | $1,295 | -2.3% | $3 / Sq Ft |
| 04/13/2023 04/13/23 | Price Changed | $1,325 | +2.3% | $3 / Sq Ft |
| 04/13/2023 04/13/23 | Price Changed | $1,295 | -4.1% | $3 / Sq Ft |
| 02/27/2023 02/27/23 | Price Changed | $1,350 | +1.9% | $3 / Sq Ft |
| 01/17/2023 01/17/23 | Price Changed | $1,325 | +2.3% | $3 / Sq Ft |
| 12/20/2022 12/20/22 | Price Changed | $1,295 | -4.1% | $3 / Sq Ft |
| 11/01/2022 11/01/22 | For Rent | $1,350 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26165757
APN: 612-064-052
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 47088 Palm View St
- 12345 Jackson St
- 82930 Corte Lucia
- 47267 Blue Jay St
- 83546 Denver Ave
- 82980 Longfellow Ct
- 83347 Mango Walk
- 83734 Doctor Carreon Blvd
- 0 Sandpiper Ave Bobolink St Unit 219142925DA
- 45741 Smurr St
- Lot 17 Commerce St
- 46157 Commerce St
- 46050 Commerce St
- 83851 Enterprise Way
- 83124 Blue Mountain Ct
- 83875 Enterprise Way
- . Enterprise Way
- 45667 Oasis St
- 82847 Millay Ct
- 45452 King St
- 47519 Margarita St
- 46299 Arabia St
- 48162 Garbo Dr
- 45472 Deglet Noor St
- 48260 Garbo Dr
- 82567 Ave 48 Ave Unit 109
- 83656 Eagle Ave
- 82567 Avenue 48 Unit 104
- 82281 Rebecca Ct
- 82259 Calico Ave
- 82165 Doctor Carreon Blvd
- 82235 Calico Ave
- 83110 Raven Ln
- 44900 Rubidoux St
- 82642 Sky View Ln
- 82833 Odlum Dr
- 82794 Odlum Dr
- 44828 Rubidoux St
- 49142 Barrymore St
- 83193 Thrush Way
Ask me questions while you tour the home.