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$6,595,000

Beds
Unknown
sq ft
25,200

82451 John Nobles Ave, Indio, CA 92201

82451 John Nobles Ave

Indio, CA 92201

  • 99 days on market
    • Price drop $205,000↓
The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.40%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 6.00%. ProForma GRM of 9.97 with a current GRM of 10.44 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region.

Details

Property type

Apartment

Est. home value

$4,257,669

Lot size

1.28 acres

Price per sq ft

$262

Year built

1980

Price History

10/11/2024
CRMLS

CRMLS #IV24170406

Price change
$6,595,000
-3.01%
08/16/2024
CRMLS

CRMLS #IV24170406

Listed
$6,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Sdc Cpaital 2C Llc

Loan start date

November 2022

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

6.92%

Loan type

Commercial, 1 year

Seller

Le Brothers Llc

Lender

Sheldon And Denise Kravita Family Trus

Loan start date

November 2022

Original loan amount

$3,200,000

Est. remaining balance

Not provided

Interest rate

6.7%

Loan type

Commercial, 1 year

Seller

Le Brothers Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 4:30 PM

Listing updated: 10/11/2024 at 4:31 PM

Listed by: ALBERT LE, LE INVESTMENT GROUP Phone #: (909) 256-7889

MLS: CRMLS #IV24170406

CRMLS logo

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