51704 Cesar Chavez St
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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.
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 | Building Class | B |
Price Per Unit | £187,788 | Lot Size | 0.49 AC |
Sale Type | Investment | Building Size | 6,280 SF |
Net Initial Yield | 6.20% | Average Occupancy | 80% |
No. Units | 5 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1965 |
Property Subtype | Apartment | Parking Ratio | 3.18/1,000 SF |
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 | - | - |
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Walk Score ®
Very Walkable (76)
PROPERTY TAXES
Parcel Number | 778-150-001 | Improvements Assessment | £184,845 |
Land Assessment | £101,662 | Total Assessment | £286,507 |
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) |
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51704 Cesar Chavez St
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