45304 Park, Indio, CA 92201
45304 Park, Indio, CA 92201
45304 Park, Indio, CA 92201
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$797,500
Est. payment /mo
6,969 Sqft Lot
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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26189172

HOA Y/N No

Year Built 1958

Lot Size 6,969 Sqft

Property Sub-Type Apartment

Property Description

45304 Park Street, a four-unit multifamily investment opportunity in the heart of Indio, California. Constructed in 1958 and situated on a combined ±6,969-square-foot lot, the offering consists of four identical two-bedroom, one-bathroom floor plans of approximately 700 square feet, single-story throughout. The buildings are single-story and pitched-roof construction. Each unit is individually metered for both gas and electricity and served by its own individual water heater. All windows throughout both buildings have been replaced, and all units have tile flooring. Select units have already been remodeled and majority have in-unit laundry hook-ups. Parking consists of carports and half the units have private patios.

Indio is the largest and fastest-growing city in the Coachella Valley and eastern Riverside County, with a population of approximately 93,000 to 95,000 year-round residents and an additional seasonal population of roughly 30,000 during the winter months. Indio ranks as the No. 3 fastest-growing city in Southern California, the No.8 fastest-growing city in California, and the No. 30 fastest-growing city in the United States — growth metrics that place it in rare company among established Southern California municipalities.

Known nationally as the "City of Festivals," Indio hosts the Coachella Valley Music and Arts Festival and the Stagecoach Country Music Festival at the Empire Polo Club, drawing hundreds of thousands of attendees annually and generating one of the largest event-driven economic impacts of any city in California. Indio is ranked the No. 1 city in America for live music and the No. 2 emerging travel destination in America and welcomes nearly 1.4 million visitors each year. For an apartment owner, this festival and tourism economy translates directly into sustained employment across hospitality, food service, transportation, security, retail, and event production — the precise workforce that occupies well-located, well-maintained two-bedroom rental housing.

The median household income in Indio is approximately $77,167, and the city's population profile is notably younger and more working-family-oriented than the western Coachella Valley communities of Palm Desert, Rancho Mirage, and Palm Springs. This demographic composition produces exactly the renter household that sustains occupancy and rent growth in eight-unit, two-bedroom product.

Location

State CA

County Riverside

Area 311 - Indio Central

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Carport Spaces 8

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 611182001

Security Features Smoke Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by David Covarrubias MARCUS & MILLICHAP 626-319-2479

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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45304 Park

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