Estimated payment $35,370/month
Highlights
- 1.28 Acre Lot
- Laundry Room
- No Heating
About This Home
TRUE +7% CAP - John Nobles Townhomes - Multi-Family - Current CAP Rate of 7.13%, ProForma CAP Rate of 7.74%. All units have been fully renovated & re-tenanted at market-rate rents across the property. / All Two-Story Townhouse Style Units - Unparalleled unit mix of (16) 3 Bed 1.5 Bath townhomes & (8) 4 Bed 2 Bath townhomes. / Over $1,000,000 in recent capital improvements, including all new roofing, HVAC unit replacements, full interior and exterior renovations. The John Nobles Apartments, a freshly renovated 24-unit apartment complex located in sunny Indio, CA. Built in 1980, the apartments are located on a 1.280 acre lot. The two buildings are composed of Sixteen (16) Three-Bedroom units & Eight (8) Four-Bedroom units, all featuring a spacious & comfortable 2-story townhome design. Amenities include onsite parking, essential appliances in each unit & private vinyl-fenced backyards.
Listing Agent
LE INVESTMENT GROUP Brokerage Phone: 714-310-2840 License #02066621 Listed on: 01/22/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 1.28 Acre Lot
- Two or More Common Walls
- Density is 21-25 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 25,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 455
- Assessor Parcel Number 614120002
- $10,134 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 24 Units
Building Details
- 24 Separate Electric Meters
- 24 Separate Gas Meters
- 24 Separate Water Meters
- Electric Expense $720
- Insurance Expense $21,181
- Professional Management Expense $24,233
- Trash Expense $11,520
- Water Sewer Expense $5,300
- New Taxes Expense $69,117
- Operating Expense $199,871
- Gross Income $637,400
- Net Operating Income $405,958
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $59,611 | $4,369,679 | $579,502 | $3,790,177 |
| 2023 | $59,611 | $4,200,000 | $557,000 | $3,643,000 |
| 2022 | $17,689 | $939,249 | $156,530 | $782,719 |
| 2021 | $17,369 | $920,833 | $153,461 | $767,372 |
| 2020 | $19,097 | $911,392 | $151,888 | $759,504 |
| 2019 | $18,474 | $893,522 | $148,910 | $744,612 |
| 2018 | $18,263 | $876,003 | $145,991 | $730,012 |
| 2017 | $18,043 | $858,828 | $143,129 | $715,699 |
| 2016 | $17,784 | $841,989 | $140,323 | $701,666 |
| 2015 | $16,735 | $829,343 | $138,216 | $691,127 |
| 2014 | $16,561 | $813,099 | $135,509 | $677,590 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2026 01/22/26 | For Sale | $5,695,000 | 0.0% | $226 / Sq Ft |
| 10/18/2023 10/18/23 | Price Changed | $2,095 | +5.0% | $2 / Sq Ft |
| 08/09/2023 08/09/23 | Price Changed | $1,995 | -4.8% | $2 / Sq Ft |
| 08/07/2023 08/07/23 | For Rent | $2,095 | 0.0% | -- |
| 06/22/2023 06/22/23 | Price Changed | $2,095 | 0.0% | $2 / Sq Ft |
| 06/22/2023 06/22/23 | For Rent | $2,095 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV26016411
APN: 614-120-002
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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
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