Marti Kilby, CRS

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493 E Vista Chino
OTHER Palm Springs 92262

$4,200,000
2-4 Units 42,253 sq. ft.

Main Photo: Property for sale: 493 E Vista Chino in Palm Springs
Photo 1: Property for sale: 493 E Vista Chino in Palm Springs
Photo 2: Property for sale: 493 E Vista Chino in Palm Springs
Photo 3: Property for sale: 493 E Vista Chino in Palm Springs
Photo 4: Property for sale: 493 E Vista Chino in Palm Springs
Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
305715687
We are please to present Las Montanas, a 19 Unit (18+1) apartment community well located in Palm Springs approximately one mile to the boutique shops and restaurants of Downtown. Located across the street from the Margaritaville Resort, the property features an excellent unit mix of Fourteen (14) single story 2 Bed / 2 Bath, Four (4) Single Story 1 Bed / 1 Bath, and one (1) Non Conforming 2 Bed / 1 Bath units. With a robust average unit size of 992 SF, the asset is 100% occupied with significant rental upside of approximately 58% of the in-place rents. This will allow a future owner to acquire an asset with significant upside in one of the best locations of Palm Springs.
Total Floor Area:
42,253 sq. ft.
Lot Size:
0.97 acre(s)
Number of Buildings:
4
Number of Units:
19
Market Area:
OTHER
County:
Riverside
Mello Roos Fee:
4416.0
Annual expense actual:
160775
Gross scheduled income:
283285
Unit Number for Unit 1:
1
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
2
Total Rent for Unit 1:
1230.0
Unit Number for Unit 2:
2
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Total Rent for Unit 2:
1415.0
Unit Number for Unit 3:
3
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Total Rent for Unit 3:
989.0
We are please to present Las Montanas, a 19 Unit (18+1) apartment community well located in Palm Springs approximately one mile to the boutique shops and restaurants of Downtown. Located across the street from the Margaritaville Resort, the property features an excellent unit mix of Fourteen (14) single story 2 Bed / 2 Bath, Four (4) Single Story 1 Bed / 1 Bath, and one (1) Non Conforming 2 Bed / 1 Bath units. With a robust average unit size of 992 SF, the asset is 100% occupied with significant rental upside of approximately 58% of the in-place rents. This will allow a future owner to acquire an asset with significant upside in one of the best locations of Palm Springs.
Site Influences:
Sidewalks
Directions:
E Vista Chino and N Indian Canyon
Pool:
Below Ground, Private
Listing Type:
Exclusive Right (R)
Parcel Number:
507022010
  • Photo 1: Property for sale: 493 E Vista Chino in Palm Springs
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  • Photo 2: Property for sale: 493 E Vista Chino in Palm Springs
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  • Photo 3: Property for sale: 493 E Vista Chino in Palm Springs
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  • Photo 4: Property for sale: 493 E Vista Chino in Palm Springs
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Listed by Brett Bayless, Broker
Data was last updated August 15, 2022 at 01:10 PM (UTC)
Area Statistics
Listings on market:
2,538
Avg list price:
$996,500
Min list price:
$50,000
Max list price:
$25,000,000
Avg days on market:
74
Min days on market:
1
Max days on market:
3,071
Avg price per sq.ft.:
$147.26
These statistics are generated based on the current listing's property type and located in OTHER. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego Multiple Listing Service, Inc.