84066 Olona Court

Indio, CA 92203

$814,000
Price
4
Beds
3
Baths
2,338 Sq. Ft.
$348 / Sq. Ft.
2,338
Sq. Ft.
$348
per Sq. Ft.

Description

Discover this stunning 4-bedroom, 2.5-bathroom short-term rental (STR) in the heart of Indio, California. Offering a prime location near popular attractions and ample potential for investors, this fully furnished and turnkey property is poised for high returns. With a spacious 2,338sq. ft. layout, the home boasts an open concept design, modern finishes, and a tranquil outdoor oasis perfect for relaxation. The beautiful interior features a bright, open living area with vibrant accents, wood-style...Discover this stunning 4-bedroom, 2.5-bathroom short-term rental (STR) in the heart of Indio, California. Offering a prime location near popular attractions and ample potential for investors, this fully furnished and turnkey property is poised for high returns. With a spacious 2,338sq. ft. layout, the home boasts an open concept design, modern finishes, and a tranquil outdoor oasis perfect for relaxation. The beautiful interior features a bright, open living area with vibrant accents, wood-style vinyl flooring, and designer lighting. A cozy fireplace creates a welcoming atmosphere in the living room, while the gourmet kitchen is equipped with stainless steel appliances, sleek cabinetry, and polished countertops. The generously sized bedrooms include a luxurious primary suite with a walk-in closet and ensuite bath complete with a soaking tub. Glass sliders lead to the expansive backyard, where you'll find a covered patio, multiple seating areas, and a heated salt-water pool and spa. Financially, this property offers strong returns with a projected gross revenue exceeding $125,000 annually, a self-managed cap rate of 11.5%, and a professionally managed cap rate of 9.8%. With all furniture, appliances, and operational items included in the sale, this home is a true turnkey investment. Whether you're seeking a high-performing investment property or a serene personal retreat, this Indio STR presents an unmatched opportunity. Don't miss your chance—schedule a showing today and make this income-generating property yours!
  1. Listed by Keith Powers • DRE #01940642 • Brokerage DRE #02025297 • Alta Realty Group CA, Inc • 714-402-1357

Property Details for 84066 Olona Court

View
Mountain(s)
Parking Spaces Total
2
Private Pool
Yes
Cooling Type
Central Forced Air
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2338
LISTING UPDATED: 11/10/2024 09:41 AM

Property Details for 84066 Olona Court

StatusActive
MLS #OC24204206
Days on Market75
Taxes-
HOA Fees$300 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2007
Lot Size0.12 AC / 5,227 SF
CountyRiverside County

Building Information for 84066 Olona Court

Stories2Residences-Year Built2007Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 84066 Olona Court

Rental Info
Rental Info
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $125,474
  • Gross Scheduled Income: $174,269
  • Vacancy Allowance: 48795
  • Vacancy Allowance Rate: 28
  • Gross Operating Income: $125,474
  • Net Operating Income: $80,151
  • Cap Rate: 9.8
Expense Details
  • Operating Expense: $45,323
  • Operating Expense Percent: 64.00%
  • New Taxes Expense: $10,029
  • Gardener Expense: $1,440
  • Cable TV Expense: $0
  • Fuel Expense: $240
  • Licenses Expense: $1,944
  • Pest Control Expense: $360
  • Pool Expense: $1,980
  • Security Expense: $0
  • Electric Expense: $3,720
  • Insurance Expense: $3,521
  • Maintenance Expense: $1,200
  • Professional Management Expense: $15,057
  • Other Expense: $5,352
  • Other Expense Description: HOA Fees
  • Trash Expense: $0
  • Water Sewer Expense: $480
  • Supplies Expense: $0
  • Total Expenses: $45,323
Tax / Assessment Info
  • Tax Tract Number: 316...
  • Tax Census Tract: 452.22
  • CFD/Mello-Roos Fee: $3,355
  • Tax Lot: 169
Community / Development
Community / Development
  • Association Amenities: Sauna, Playground, Gym/Ex Room, Clubhouse, Recreation Room
  • Assessments YN: Yes
  • Assessments: CFD/Mello-Roos
  • Community Features: Lake, Sidewalks, Street Lights
  • Complex Name: Terra Lago
  • Association Name: Terra Lago
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Microwave, Refrigerator, Room, Washer, Washer Included
  • Interior Features: Ceiling Fan(s), Furnished, Pantry
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Fireplace Features: Living Room, Gas
  • Fireplace Rooms: Gas, Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Carpet, Vinyl
Exterior Features
  • Security Features: 24 Hour Security, Gated Community
  • Security: Gated Community
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Block
  • Property Condition: Turnkey
  • Pool Features: Private, In Ground, Pebble
  • Pool Description: In Ground, Private
  • Pool: Below Ground, Private
  • Spa Features: Private, Gunite, Heated, In Ground
Land/Lot Info
  • Lot Features: Yard
  • Number Of Units: 1
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: Private Road
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage, Garage Faces Front
Property / Structure Info
  • Builders Tract Name: Terra Lago
  • Builders Tract Code: Terra Lago (30924)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $78,950
  • Unit Type Total Rent: $174,269
  • Unit Type Pro Forma: 125474
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Number With Disposal: 1
  • Number With Patio: 1

Property History for 84066 Olona Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 84066 Olona Court

Taxable ValueLand$234,600Additions$545,700Total$780,300
Tax Record2024$13,022 ($1,085 / month)
Home Facts
Beds4Baths2.5Total Finished SqFt2,338 SqFtAbove Grade Finished SqFt2,338 SqFtStories2Lot Size5,227 SqFtStyleSingle Family ResidenceYear Built2007Year Renovated2008CountyRIVERSIDEAPN696-020-062Fireplace TypeHas Fireplace

Schools near 84066 Olona Court

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 - 9 to 12
Rating
School
Distance
Andrew Jackson Elementary School
PublicK to 5

Desert Ridge Academy
Public6 to 8

Shadow Hills High School
Public9 to 12

Amistad High (Continuation) School
Public9 to 12

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.

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84066 Olona Court is a multi-family home for sale in Indio, CA 92203. This property was listed for sale on October 1, 2024 by Alta Realty Group CA, Inc, it's currently listed at $814,000. It has been on the market for a total of 75 days and was last sold on January 25, 2023. This listing's school district is Desert Sands Unified School District. Nearby schools include Andrew Jackson Elementary School, Desert Ridge Academy and Shadow Hills High School. 84066 Olona Court is a 4-bed, 3-bath, 2,338 sqft multi-family home built in 2007.

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 Alta Realty Group CA, Inc, Keith Powers, DRE #01940642

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.