82451 John Nobles Ave - Apartments FOR SALE


Indio, CA 92201
$5,695,000 USD
714-814-2088
82451 John Nobles Ave, Indio, CA for Sale
$5,695,000 USD
Apartments - FOR SALE
1/62
null | 7.74% Cap Rate

82451 John Nobles Ave
Indio, CA 92201


HIGHLIGHTS

  • Impressive Offering Actual Cap Rate of 7.13% Pro Forma Cap Rate of 7.74%
  • Major Capital Improvements- Over $1,000,000 in upgrades, including new roofing, HVAC units, high-efficiency windows, interior/exterior paint & more!
  • All Two Story Townhome Styled Units with Large Floor Plans / Three and Four Bedroom Units.
  • All Units have Washer/Dryer hookups & select units with private yards.
  • 17 Miles to Cotino-Storyliving by Disney, a 618-acre luxury community.
  • Close proximity to major casinos, the Empire Polo Grounds and easy access to major highways.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,695,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

24

PRICE/UNIT

$237,292

CAP RATE

7.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

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

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Albert LeLe Investment GroupMore Info
714-814-2088

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