Movoto Real Estate

45304 Park, Indio, CA 92201

$1,695,000
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    bath

Multi-family for sale 27 days

About 45304 Park

Property type Multi-family
Year built 1967
HOA fee $0/month
Lot size 6,970 Sqft
Movoto estimate
Rental estimate
Property description
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.
Listed by
Listing Agent - David Covarrubias
Listing Agent Contact: 626-319-2479
Listing Office - MARCUS & MILLICHAP
Source: CRMLS mls logo
MLS#CV26189172 • last updated 4 weeks ago
Movoto checked CRMLS for data 3 minutes ago
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Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.16
Lot Size (SqFt) 6970
Year Built 1967
Interior
Exterior
Building Area Square Feet, 5600
# Carport Spaces 8
# Parking Spaces 8
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Street Lights, Sidewalks
Directions Cross Street Is Bliss Avenue
APN 611182001
Multifamily Details
Vacancy Allowance Rate 5
Vacancy Allowance 8342
Expense: Trash 4186
Operating Expense 51895
Cap Rate 6.35
Expense: Insurance 8000
Total Expenses 51895
Expense: Maintenance 11000
Expense: Water/ Sewer 3360
Gross Income 166848
Gross Operating Income 159606
Expense: Electric 1489
Gross Multiplier 10.16
Gross Scheduled Income 166848
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4/10
Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
61/100
Walk
65/100
Family
55/100
Dining
79/100
Pet
  • Real Estate
  • CA
  • Riverside County
  • Indio
  • 92201
  • 45304 Park

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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