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80876 Us Highway 111, Indio, California 92201, Indio, 92201 - bed, bath

80876 Us Highway 111, Indio, California 92201 home-pic-0
ACTIVE$1,129,000
80876 Us Highway 111, Indio, California 92201
0Bed
0Bath
4,058Sqft
9,583Lot
Year Built
1963
Close
-
List price
$1.13M
Original List price
$1.13M
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
SW25216674
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.13M(50th), sqft - 4058(50th), beds - undefined(50th), baths - undefined(50th).

This is a beautiful 4Plex located just off Highway 111, on the border of La Quinta, in Indio. This Offering consists of four 2 bedrooms, 2 baths. These units are large! Please note assessors square says this complex is 4,058 square feet! That's over 1,000 square feet per unit! Units are separately metered and tenants sign up and pay for electric and gas. Landlord pays water. All units are central heat and cooled. This complex is has been upgraded inside and out. The units have crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the landscaping is drought resistant and takes no water to maintain. Check out the pictures!! This complex really performs! At actual rents are near market, they for month to month and can be raised to market. At market rents, we're putting out: 10.45 Gross Rent Multiplier 8.33% Cap Rate 12.86% Cash on Cash PLEASE SEE MARKETING PACKAGE FOR RENT ROLL AND DETAILS. INSTRUCTIONS FOR MAKING OFFERS We make it easy for you. First, we welcome you to send us ANY formal offer as usual. Second, if you wish to save time, you can simply email me (burtonccim@yahoo.com) the basic price and terms of your proposed offer. Either way, we promise to get back to you quickly. We are motived Seller's. We already have 1031 plans after the sale of this property and wish to move quickly. BRING US AN OFFER AND LET'S DO A DEAL! THANK YOU!!

Price History

Date
Event
Price
09/13/25
Listing
$1,129,000
Condition Rating
Fair
The property was built in 1963, making it over 20 years old. While the description states it has been 'upgraded inside and out' with 'crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows,' the visual evidence suggests these renovations are not recent. The kitchen features granite countertops and functional appliances, but the cabinet style and overall aesthetic appear to be from a renovation 15-20 years ago. The bathroom, however, clearly shows a tile countertop, which contradicts the 'granite' claim for bathrooms and indicates a more dated renovation, likely 20-30 years old. While major systems like central heat and cooling and double-pane windows are positive updates, the overall style and finishes, particularly in the bathroom, show signs of being outdated. The property is well-maintained and move-in ready, but requires minor updates to bring it to current aesthetic standards, aligning with the 'Fair' category.
Pros & Cons

Pros

Strong Investment Metrics: The property boasts excellent projected financial performance with an 8.33% Cap Rate and 12.86% Cash on Cash at market rents, indicating high profitability for investors.
Recently Upgraded Units: Units have been upgraded inside and out, featuring modern amenities like crown molding, granite countertops, ceiling fans, and double-pane windows, enhancing tenant appeal and reducing immediate renovation needs.
Tenant-Responsible Utilities: Tenants are responsible for their own electric and gas bills, significantly reducing the landlord's operating expenses and increasing net income.
Spacious Units with Central HVAC: Each of the four 2-bedroom, 2-bath units is generously sized at over 1,000 square feet and includes central heating and cooling, a crucial amenity for tenant comfort in the Indio climate.
Flexible Lease Structure: All units are on month-to-month leases, providing a new owner with immediate flexibility to adjust rents to market rates and optimize the property's income potential.

Cons

Property Age: Built in 1963, the property's underlying infrastructure (e.g., plumbing, electrical systems, roof) may be older and could require significant capital expenditures in the future, despite recent cosmetic upgrades.
Landlord-Paid Water: While tenants cover gas and electric, the landlord is responsible for water costs, which represents an ongoing and potentially variable operating expense.
Rents Not Fully Optimized: The description notes 'actual rents are near market,' implying the property is not yet generating the full projected income, requiring active management by the new owner to achieve the advertised Cap Rate and Cash on Cash figures.

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