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$1,190,000

Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Four-unit Apartment Building offered for sale, providing stable income and future value-add opportunity! Building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 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 past few years. 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. Please note that 959 E Vista Chino (the apartment building next door) is also available.

8 Beds ⋅ 8 Baths ⋅ 219154314 MLS

965 E Vista Chino, Palm Springs

$360,000

Villa Alejo is a 66-unit condominium complex conveniently located at the corner of Indian Canyon Drive and Alejo Road, just two blocks from the shops, galleries, restaurants, and entertainment in Downtown Palm Springs and the Uptown Design District. This 2-bedroom, 2-bathroom top floor residence has views of the San Jacinto Mountains and the courtyard pool area. Plus, enjoy outdoor cooking and dining with your own barbecue and outdoor seating area while taking in the views. Originally constructed as an apartment hotel in 1965, this Mid-Century gem offers you the resort lifestyle in the heart of Palm Springs. Recent upgrades include new electrical and plumbing fixtures, new kitchen, bathroom, and lighting, new flooring throughout, and an in-unit washer/dryer. Community amenities include a pool, hot tub, community barbecue area, gym, lobby area, community mailboxes, underground reserved parking for one car, plus on-site guest parking, and community laundry. All utilities included. Cable TV & Internet paid separately. Separate storage unit also available and accessible from the community garage.

2 Beds ⋅ 2 Baths ⋅ 00-24436535 MLS

277 East Alejo Road 219, Palm Springs

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