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82451 John Nobles Ave 24 Unit Apartment Building $5,695,000 ($237,292/Unit) 7.74% Cap Rate Indio, CA 92201
Investment Highlights
- Impressive Offering Actual Cap Rate of 7.13% Pro Forma Cap Rate of 7.74%
- All Two Story Townhome Styled Units with Large Floor Plans / Three and Four Bedroom Units.
- 17 Miles to Cotino-Storyliving by Disney, a 618-acre luxury community.
- Major Capital Improvements- Over $1,000,000 in upgrades, including new roofing, HVAC units, high-efficiency windows, interior/exterior paint & more!
- All Units have Washer/Dryer hookups & select units with private yards.
- Attractive financing available: 70% LTV with 30% down at 5.70% interest.
Executive Summary
82451 John Nobles Avenue presents a compelling opportunity to acquire a highly upgraded, stabilized 24-unit multifamily asset in the growing city of Indio, California. Constructed in 1980, the property offers an exceptional and rarely available unit mix consisting of sixteen (16) three-bedroom, one-and-a-half-bath units and eight (8) four-bedroom, two-bath units, all featuring townhouse-style configurations with both upper and lower levels, providing tenants with a spacious, single-family home feel. Each unit enjoys direct access to private, fenced backyards via sliding glass doors—ideal for families and long-term tenancy. Under current ownership, the asset has undergone a significant capital improvement campaign totaling over $1,000,000, including brand new roofing across all buildings, modernized interiors, updated kitchens and bathrooms, new flooring, and high-efficiency HVAC systems—either recently replaced or professionally maintained and fully operational. Exterior improvements include fresh paint, new vinyl fencing, and other cosmetic enhancements, contributing to strong curb appeal and long-term durability. All units have been fully re-leased to market-rate tenants, providing immediate cash flow and eliminating any loss-to-lease exposure, making this an ideal turn-key asset for investors seeking strong in-place returns with minimal operational risk.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $5,695,000 | Apartment Style | Townhome |
| Price Per Unit | $237,292 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.28 AC |
| Cap Rate | 7.74% | Building Size | 25,600 SF |
| Gross Rent Multiplier | 8.62 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Zoning | R3, Indio | ||
| Price | $5,695,000 |
| Price Per Unit | $237,292 |
| Sale Type | Investment |
| Cap Rate | 7.74% |
| Gross Rent Multiplier | 8.62 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 25,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | R3, Indio |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Crown Molding
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Dining Room
- Double Pane Windows
- Freezer
- Instant Hot Water
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Maintenance on site
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 16 | - | 1,050 |
| 4+2 | 8 | - | 1,100 |
Property Taxes
| Parcel Number | 614-120-002 | Improvements Assessment | $3,790,177 |
| Land Assessment | $579,502 | Total Assessment | $4,369,679 |
Property Taxes
Parcel Number
614-120-002
Land Assessment
$579,502
Improvements Assessment
$3,790,177
Total Assessment
$4,369,679
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