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43965 Towne St 9 Unit Apartment Building $1,900,000 ($211,111/Unit) 6.72% Cap Rate Indio, CA 92201
Investment Highlights
- Renovated units with modern finishes (latest remodel: Unit 7)
- Strong location near I-10, retail, and major employers
- Ideal for 1031 Exchange buyers
- On-site laundry with income potential
- Consistent tenant demand in a low-vacancy market
Executive Summary
For the savvy investor seeking both immediate cash flow and long-term appreciation, 43965 Towne Street is a standout offering. This fully occupied 9-unit multifamily complex features 18 bedrooms and 9 bathrooms, with most units updated and currently income-producing. All units are 2 bed/1 bath, each offering two parking spaces (1 covered, 1 uncovered), and several tenants have been in place for over six years—providing stable, predictable income. Current rents generate $11,095/month ($133,140/year), with market rents supporting $2,000/month per unit—unlocking an additional $82,860/year in potential income. Operating expenses are low (~$5,495 annually, excluding taxes & insurance), further enhancing returns. Located just minutes from downtown Indio, schools, shopping, and the Empire Polo Grounds—home to internationally recognized events like Coachella and Stagecoach—this property sits in a high-demand rental market benefiting from steady job growth, strong tenant demand, and ongoing city development. Whether you’re completing a 1031 exchange, expanding your portfolio, or looking for a high-performing long-term hold, this property checks every box: prime location, value-add potential, and consistent rental income.
Property Facts
| Price | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $211,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 6.72% | Building Size | 7,200 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Zoning | R3, Indio | ||
| Price | $1,900,000 |
| Price Per Unit | $211,111 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 7,200 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | R3, Indio |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 800 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 610-211-017 | Improvements Assessment | $956,598 |
| Land Assessment | $327,963 | Total Assessment | $1,284,561 |
Property Taxes
Parcel Number
610-211-017
Land Assessment
$327,963
Improvements Assessment
$956,598
Total Assessment
$1,284,561
Contact
-
Angela Maciel-Gibbons -
AMG Commercial Group
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43965 Towne St
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