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959 E Vista Chino, Palm Springs, CA 92262

$1,195,000

Property Type: Residential Income Bedrooms: 8 Baths: 8 Square Footage: 4,048 Status: Active

Current Price: $1,195,000 List Date: 11/12/2025 Last Modified: 11/12/2025

Overview

Description

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 ... (Read more)

Listing Details MLS# 219138642

General Property Information

Total Units: 4
Total Bedrooms: 8
Full Baths: 8
Total Baths: 8
Approx SqFt: 4048
SqFt Source: Assessor
Fireplace: Yes
Building # of Stories: 2
Total Fireplaces: 4
Pool: Yes
Lot Size Source: Assessor
Year Built: 1988
Cross Streets: Vista Chino and Avenida Caballeros

Property Features

Owner Pays: Water; Other Tenant Pays: Air Cond/Heat Main; Cable TV; Electricity; Gas Sale Type: Standard Listing Terms: 1031 Exchange; Cash; Cash to New Loan; Conventional; Submit Possession: Close Of Escrow Lot Description: Landscaped; Lawn; Level; Single Lot; Storm Drains; Street Public; Utilities Underground Lot Location: Near Public Transit View Type: Mountain(s) Other Structural Features: Balcony Property Condition: Repair Cosmetic; Updated/Remodeled Irrigation: Sprinkler System; Sprinkler Timer Disclosures: Easements; Homeowners Association Community Features: Community Mailbox; Curbs; Sidewalks; Street Lighting Building Style: Contemporary Levels: Two Appliances: Dishwasher; Disposal; Dryer; Exhaust Fan; Freezer; Gas Range; Refrigerator; Washer Range Hood: Yes Kitchen Features: Laminate Counters; Quartz Counters Exterior Construction: Stucco Foundation: Permanent; Slab Flooring: Mixed Cooling Type: Air Conditioning; Ceiling Fan(s); Central Air Pool Location: Community Pool Accessories: Safety Fence Pool Construction: Gunite; In Ground Pool Description: Community; Gunite; Heated; In Ground Heating: Central; Forced Air Heating Fuel: Natural Gas Fireplace Location: Living Room Fireplace Features: Unknown Rooms: Dining Area; Living Room Interior Features: Living Room Balcony TV Services: Cable TV Laundry: In Closet; In Garage Security Safety: None Disability Access: No Interior Steps Patio Features: Covered Sewer: In, Connected and Paid Water: Water District Water Heater Feature: Water Heater Unit Parking: Garage Door Opener; Guest; On Street Road Surface Type: Paved Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 507041025
Original List Price: 1195000
Street #: 959
Street Direction: E
Street Name: Vista Chino
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
Country: US

Listing Info

Number of Buildings: Yes
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Own
Elevator: No
Rent Control: No

Tax Info

Tax Mello Roos: No

Property Info

Senior Community: No
Gated Community: No
View: Yes

More Information

Status Change Info

Status Change Date: 2025-11-12

Counts

# Electric Meters: 4
# Gas Meter: 4
# of Dishwashers: 4
# of Disposals: 4
# of Patios: 6
# of Ranges: 4
# of Refrigerators: 4
# of Rented Garages: 4
# Water Meters: Yes

Water

Water District Name: DWA
Water District: Yes

Parking SpacesInformation

Total Garage Spaces: 4
Total Parking Spaces: 8

Unit Information

Number of Units Leased: 4

Listing, Location and Property Info

New Construction: No
Entry Date: 2025-11-12
Land Type: Fee

Income & Expenses

Annual Gross Rent $: 86076
Gross Annual Income $: 86076
Monthly Gross Income $: 7173
Net Operating Income $: 62327
Expense Management $: 9000
Insurance $: 2780
Total Annual Operating Expenses $: 23749
Cap Rate %: 4.53
Total Taxes $: 11969

Owner Pays

Water: Yes
Other: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Air Cond/Heat Main: Yes

Community Features

Community Mailbox: Yes
Curbs: Yes
Sidewalks: Yes
Street Lighting: Yes

Sale Type

Standard: Yes

Road Surface Type

Paved: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Cash to New Loan: Yes
Conventional: Yes
Submit: Yes

Possession

Close Of Escrow: Yes

Parking Spaces/Information

Total Covered Spaces: 4
Total Uncovered/Assigned Spaces: 0

Lot Description

Landscaped: Yes
Lawn: Yes
Level: Yes
Single Lot: Yes
Storm Drains: Yes
Street Public: Yes
Utilities Underground: Yes

Lot Location

Near Public Transit: Yes

View Type

Mountain(s): Yes

Other Structural Features

Balcony: Yes

Property Condition

Repair Cosmetic: Yes
Updated/Remodeled: Yes

Irrigation

Sprinkler System: Yes
Sprinkler Timer: Yes

Disclosures

Easements: Yes
Homeowners Association: Yes

Building Style

Contemporary: Yes

Levels

Two: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Exhaust Fan: Yes
Freezer: Yes
Gas Range: Yes
Refrigerator: Yes
Washer: Yes

Range Hood

Yes: Yes

Kitchen Features

Laminate Counters: Yes
Quartz Counters: Yes

Exterior Construction

Stucco: Yes

Foundation

Permanent: Yes
Slab: Yes

Flooring

Mixed: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Central Air: Yes

Pool Location

Community: Yes

Pool Accessories

Safety Fence: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Pool Description

Community: Yes
Gunite: Yes
Heated: Yes
In Ground: Yes

Heating

Central: Yes
Forced Air: Yes

Heating Fuel

Natural Gas: Yes

Fireplace Location

Living Room: Yes

Fireplace Features

Unknown: Yes

Rooms

Dining Area: Yes
Living Room: Yes

Interior Features

Living Room Balcony: Yes

TV Services

Cable TV: Yes

Laundry

In Closet: Yes
In Garage: Yes

Security Safety

None: Yes

Disability Access

No Interior Steps: Yes

Patio Features

Covered: Yes

Sewer

In, Connected and Paid: Yes

Water Heater Feature

Water Heater Unit: Yes

Parking

Garage Door Opener: Yes
Guest: Yes
On Street: Yes

Land Lease Type

Fee Simple: Yes

Documents

Property Revenue Document ›

Listing Office: Coldwell Banker Realty

Listing Agent: David Goldberg

Last Updated: November - 12 - 2025

Information deemed reliable but not guaranteed.

760.799.7770