45420 Park Street

Indio, CA 92201

$975,000
Price
8
Beds
5
Baths
5,500 Sq. Ft.
$177 / Sq. Ft.
5,500
Sq. Ft.
$177
per Sq. Ft.

Description

This Five (5) Unit Multi-Family Apartment is located at 45420 Park Street, Indio, CA 92201 and is composed currently of 5,500 square feet. The Apartments are composed of five (5) Two Bedroom One Bathroom Units at approximately 1,100 square feet each. The property is located on a 0.180 acres of land and was built in 1980. Seller is willing to carry with a 30% down payment!This Five (5) Unit Multi-Family Apartment is located at 45420 Park Street, Indio, CA 92201 and is composed currently of 5,500 square feet. The Apartments are composed of five (5) Two Bedroom One Bathroom Units at approximately 1,100 square feet each. The property is located on a 0.180 acres of land and was built in 1980. Seller is willing to carry with a 30% down payment!
  1. Listed by ALBERT LE • DRE #01468313 • Brokerage DRE #01923766 • LE INVESTMENT GROUP • 909-256-7889

Property Details for 45420 Park Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5500
Assessor Parcel Number
611-182-004
LISTING UPDATED: 11/26/2024 03:19 AM

Property Details for 45420 Park Street

StatusActive
MLS #IV24240680
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountyRiverside County

Building Information for 45420 Park Street

Building/Complex45420 Park StFloor-Stories1Residences-Pet Policy-Year Built1958Building Size-

Property Information for 45420 Park Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $103,200
  • Gross Scheduled Income: $103,200
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $98,040
  • Net Operating Income: $65,862
  • Gross Multiplier: 9.45
  • Cap Rate: 6.76
Expense Details
  • Operating Expense: $32,178
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $32,178
Tax / Assessment Info
  • Tax Tract Number: 455.02
  • Tax Census Tract: 455.02
  • CFD/Mello-Roos Fee: $1,586
  • Tax Lot: 004
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $3,800
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 45420 Park Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 45420 Park Street

Taxable ValueLand$84,195Additions$336,795Total$420,990
Tax Record2024$6,738 ($562 / month)
Home Facts
Total Finished SqFt3,796 SqFtAbove Grade Finished SqFt3,796 SqFtStories1Lot Size7,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1958Year Renovated1967ZoningR3CountyRIVERSIDEAPN611-182-004

Schools near 45420 Park Street

This home is within Desert Sands Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 12
Rating
School
Distance
Theodore Roosevelt Elementary School
PublicK to 5

Thomas Jefferson Middle School
Public6 to 8

Indio High School
Public9 to 12

Desert Sands A.T.L.A.S.
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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45420 Park Street is a multi-family home for sale in Indio, CA 92201. This property was listed for sale on November 26, 2024 by LE INVESTMENT GROUP, it's currently listed at $975,000. It has been on the market for a total of 0 days and was last sold on December 21, 2016. This listing's school district is Desert Sands Unified School District. Nearby schools include Theodore Roosevelt Elementary School, Thomas Jefferson Middle School and Indio High School. 45420 Park Street is a 8-bed, 5-bath, 5,500 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.