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Casa Coachella 53228 Cesar Chavez St 9 Unit Apartment Building $1,397,000 ($155,222/Unit) 6.14% Cap Rate Coachella, CA 92236
Investment Highlights
- Upgraded Interiors
- Ample Parking
- Private Outdoor Space
- Improved HVAC Systems
- In-Unit Laundry
Executive Summary
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-a half-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.
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.
Property Facts
| Price | $1,397,000 | Building Class | C |
| Price Per Unit | $155,222 | Lot Size | 0.75 AC |
| Sale Type | Investment | Building Size | 4,200 SF |
| Cap Rate | 6.14% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.62 | No. Stories | 1 |
| No. Units | 9 | Year Built | 1963 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RM2M - Medium-Density Multiple-Family Residential Use | ||
| Price | $1,397,000 |
| Price Per Unit | $155,222 |
| Sale Type | Investment |
| Cap Rate | 6.14% |
| Gross Rent Multiplier | 10.62 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 4,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
| Zoning | RM2M - Medium-Density Multiple-Family Residential Use |
Amenities
Unit Amenities
- Fireplace
- Yard
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 800 |
| 1+1.5 | 1 | - | - |
| 2+1 | 4 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $472,194 | |
| Land Assessment | $119,466 | Total Assessment | $591,660 |
Property Taxes
Parcel Numbers
Land Assessment
$119,466
Improvements Assessment
$472,194
Total Assessment
$591,660
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Casa Coachella | 53228 Cesar Chavez St