82451 John Nobles Ave - Apartments FOR SALE


Indio, CA 92201
$6,250,000 USD
714-814-2088
82451 John Nobles Ave, Indio, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/24
null | 6.92% Cap Rate

82451 John Nobles Ave
Indio, CA 92201


HIGHLIGHTS

  • Current CAP Rate of 6.59%, ProForma CAP Rate of 6.92%. All units have been fully renovated & re-tenanted at market-rate rents across the property.
  • All Two-Story Townhouse Style Units - Unparalleled unit mix of (16) 3 Bed 1.5 Bath townhomes & (8) 4 Bed 2 Bath townhomes.
  • Over $1,000,000 in recent capital improvements, including all new roofing, HVAC unit replacements, full interior and exterior renovations.
  • Located near future Cotino “Storyliving by Disney” in Rancho Mirage. Positioning the property to benefit from substantial projected growth in the area
  • Property is 100% occupied with a Current GRM of 9.90 & a ProForma GRM 9.46.
  • This apartment community may offer potential for future development, featuring multiple flat, buildable areas on the property. ADU potential.

OVERVIEW

OVER $1 MILLION IN RECENT RENOVATIONS – FULLY UPGRADED INSIDE & OUT! 82451 John Nobles Avenue offers investors a turn-key, stabilized 24-unit multifamily asset in the growing city of Indio, CA. Built in 1980 and fully renovated in 2024, the property features a rare and desirable unit mix of sixteen (16) 3BD/1.5BA and eight (8) 4BD/2BA townhome-style units—each with two levels and direct access to private, fenced backyards, ideal for families and long-term tenants. Over $1,000,000 has been invested in comprehensive renovations, including: • New roofing across all buildings • Modernized interiors with updated kitchens, bathrooms, flooring • High-efficiency HVAC systems (new or fully serviced) • Exterior upgrades: fresh paint, new vinyl fencing, and enhanced curb appeal All units have been re-leased at market rents, delivering immediate cash flow with no loss-to-lease exposure. This is a rare opportunity to acquire a fully renovated, low-maintenance asset with strong in-place returns in a high-demand rental market.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

24

PRICE/UNIT

$260,417

CAP RATE

6.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

John Nobles Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

R3, Indio

APN/PARCEL ID

614-120-002

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.