45304-45352 Park St 8 Unit Apartment Building $1,695,000 ($211,875/Unit) 6.35% Cap Rate Indio, CA 92201

Marcus & Millichap is pleased to present 45304 & 45352 Park Street, a rare side-by-side, two-parcel apartment offering totaling eight units in the heart of Indio,
California. Constructed in 1958 and situated on a combined ±13,940-square-foot lot, the offering consists of two adjacent four-plex buildings delivered together as a
single, contiguous investment. All eight units are 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.