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51704 Cesar Chavez St

5 Unit Block of Flats £938,940 (£187,788/Unit) 6.20% Net Initial Yield Coachella, CA 92236

Investment Highlights

  • Closed to major highways
  • Plenty of Parking
  • Open lot in rear for future expansion

Executive Summary

HARRISON ST MIXED-USE PROPERTY at 51704 Harrison St in Coachella, CA, is a well-positioned, multi-purpose building spanning 0.49 acres in a central residential area with high rental demand. This 5-unit property includes a mix of residential and commercial spaces, offering a versatile income stream. The residential portion consists of two spacious 3-bedroom, 1-bathroom units that cater to Coachella’s growing population. The commercial spaces feature an established bar, a warehouse, and a CPA office, providing steady business clientele and diversified income for the owner.
The property structure is optimized for easy management, as tenants are responsible for their electric, gas, and water expenses, while the owner manages trash and sewer, minimizing overall maintenance responsibilities. Notably, an open lot at the back of the property presents a substantial opportunity for expansion, with potential for an additional nine units, allowing for significant value-add development. Located close to major highways, this mixed-use property appeals to both investors and end-users, blending Coachella’s vibrant community setting with robust commercial activity. HARRISON ST MIXED-USE PROPERTY stands as an ideal option for those seeking to capitalize on Coachella’s continued growth in both residential and commercial sectors.

Property Facts

Price £938,940
Price Per Unit £187,788
Sale Type Investment
Net Initial Yield 6.20%
No. Units 5
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 0.49 AC
Building Size 6,280 SF
Average Occupancy 80%
Number of Floors 2
Year Built 1965
Parking Ratio 3.18/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Heating

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 3 - -
3+1 2 - -
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
778-150-001
Land Assessment
£101,662
Improvements Assessment
£184,845
Total Assessment
£286,507

zoning

Zoning Code CG (Multi-Family Apartments)
CG (Multi-Family Apartments)
  • Listing ID: 33749274

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 51704 Cesar Chavez St, Coachella, CA 92236

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