959 E Vista Chino Palm Springs, CA 92262
El Mirador NeighborhoodEstimated payment $7,247/month
Highlights
- Heated In Ground Pool
- Mountain View
- Property is near public transit
- Palm Springs High School Rated A-
- Contemporary Architecture
- Living Room with Fireplace
About This Home
Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Two neighboring (4) Four-unit Apartment Buildings being offered individually for sale, providing stable income and future value-add opportunity -- buy one or buy them both for increased ROI. Each building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, its own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,048 SF on a 9,583 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the last 36 months. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,760
Year Built
- Built in 1988
Lot Details
- 9,583 Sq Ft Lot
- Landscaped
- Level Lot
- Sprinklers on Timer
- Lawn
Home Design
- Contemporary Architecture
- Permanent Foundation
- Slab Foundation
- Stucco Exterior
Interior Spaces
- 4,048 Sq Ft Home
- 4-Story Property
- Ceiling Fan
- Living Room with Fireplace
- 4 Fireplaces
- Dining Area
- Mountain Views
Kitchen
- Gas Range
- Range Hood
- Recirculated Exhaust Fan
- Freezer
- Dishwasher
- Quartz Countertops
- Laminate Countertops
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Full Bathrooms
Laundry
- Laundry in Garage
- Dryer
- Washer
Parking
- 4 Car Garage
- Garage Door Opener
- Guest Parking
- On-Street Parking
Pool
- Heated In Ground Pool
- Gunite Pool
- Fence Around Pool
Outdoor Features
- Balcony
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Underground Utilities
- Property is located within a water district
- Water Heater
- Cable TV Available
Additional Features
- No Interior Steps
- Property is near public transit
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 507041025
Community Details
Overview
- 4 Units
- Desert Arches Subdivision
Amenities
- Community Mailbox
Recreation
- Community Pool
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,780
- Gross Income $86,076
- Net Operating Income $62,327
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 | $11,760 | $902,026 | $212,241 | $689,785 |
| 2023 | $11,760 | $867,000 | $204,000 | $663,000 |
| 2022 | $4,297 | $254,803 | $62,031 | $192,772 |
| 2021 | $4,229 | $249,808 | $60,815 | $188,993 |
| 2020 | $4,080 | $247,248 | $60,192 | $187,056 |
| 2019 | $4,024 | $242,401 | $59,012 | $183,389 |
| 2018 | $3,965 | $237,649 | $57,855 | $179,794 |
| 2017 | $3,917 | $232,990 | $56,721 | $176,269 |
| 2016 | $3,828 | $228,422 | $55,609 | $172,813 |
| 2015 | $3,623 | $224,993 | $54,775 | $170,218 |
| 2014 | $3,505 | $220,588 | $53,703 | $166,885 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | For Sale | $1,195,000 | -- | $295 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $172,500 | American Title Co | |
| Trustee Deed | $175,000 | Fidelity National Title | |
| Grant Deed | $285,000 | First American Title Ins Co | |
| Corporate Deed | $725,000 | First American Title Insuran |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $228,000 | Commercial | |
| Previous Owner | $600,000 | Seller Take Back |
Source: California Desert Association of REALTORS®
MLS Number: 219138642
APN: 507-041-025
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