51704 Cesar Chavez St - Apartments FOR SALE


Coachella, CA 92236
$1,200,000 USD
909-945-8888
51704 Cesar Chavez St, Coachella, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/8
null | 6.2% Cap Rate

51704 Cesar Chavez St
Coachella, CA 92236


HIGHLIGHTS

  • Closed to major highways
  • Open lot in rear for future expansion
  • Plenty of Parking

OVERVIEW

HARRISON ST MIXED-USE PROPERTY at 51704 Harrison St in Coachella, CA, is a well-positioned, multi-purpose building spanning 0.49 acres in a central residential area with high rental demand. This 5-unit property includes a mix of residential and commercial spaces, offering a versatile income stream. The residential portion consists of two spacious 3-bedroom, 1-bathroom units that cater to Coachella’s growing population. The commercial spaces feature an established bar, a warehouse, and a CPA office, providing steady business clientele and diversified income for the owner. The property structure is optimized for easy management, as tenants are responsible for their electric, gas, and water expenses, while the owner manages trash and sewer, minimizing overall maintenance responsibilities. Notably, an open lot at the back of the property presents a substantial opportunity for expansion, with potential for an additional nine units, allowing for significant value-add development. Located close to major highways, this mixed-use property appeals to both investors and end-users, blending Coachella’s vibrant community setting with robust commercial activity. HARRISON ST MIXED-USE PROPERTY stands as an ideal option for those seeking to capitalize on Coachella’s continued growth in both residential and commercial sectors.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

6.2%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

CG

APN/PARCEL ID

778-150-001

ASK ABOUT THIS PROPERTY

Victor MartinezVictor Martinez And AssociatesMore Info
909-945-8888

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Victor MartinezVictor Martinez And AssociatesMore Info
909-945-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.