Rare opportunity to own a fully occupied duplex with long-term tenants already in place. This income-producing property is an ideal opportunity for investors looking to expand their portfolio in the growing City of Coachella. Conveniently located near schools, shopping, dining, parks, and major commuter routes, the property offers easy access to the many amenities and attractions throughout the Coachella Valley. Excellent investment opportunity with stable occupancy. In order to minimize disruption to the long-term tenants, inside viewing is subject to an accepted contract. Disclosures are available in the MLS through your agent or upon request. If you wish to see the property prior to writing an offer, please attend an open house. Seller reserves the right to complete a 1031 exchange.
CBRE is pleased to present a high-potential, value-add multifamily investment opportunity at 53228 Cesar Chavez Street in Coachella, California. This 9-unit asset, originally constructed in 1963, offers an attractive and diverse unit mix of 4 one-bedroom/one-bath units, 1 one-bedroom/one-and-ahalf-bath unit, and 4 two-bedroom/one-bath units, positioning the property to capture demand across multiple renter segments. The asset presents a compelling opportunity for investors to drive revenue growth through strategic management, and mark-to-market rent increases in a submarket characterized by limited new multifamily supply. Located within the rapidly expanding Coachella Valley, the property benefits from strong population growth, increasing rental demand, and proximity to major employment drivers in agriculture, logistics, and the greater Palm Springs tourism economy.
Exciting investment opportunity in Coachella! This multi-unit property has significant income potential, featuring one home with 2 bedrooms and 2 bathrooms, and another with 1 bedroom and 1 bathroom. It's an ideal chance for investors or buyers looking to renovate, as both homes require some tender loving care (TLC).
Coachella is located in California. Coachella, California has a population of 42,123. Coachella is less family-centric than the surrounding county with 25.72% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Coachella, California is $40,688. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Coachella is 37 years.
The average high temperature in July is 107.6 degrees, with an average low temperature in January of 40.9 degrees. The average rainfall is approximately 3.3 inches per year, with 0 inches of snow per year.
