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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$1,075,000
80876 Us Highway 111, Indio, California 92201
0Bed
0Bath
4,058Sqft
9,583Lot
Year Built
1963
Close
-
List price
$1.07M
Original List price
$1.07M
Price/Sqft
$265
HOA
-
Days on market
-
Sold On
-
MLS number
SW25227616
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.07M(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 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 has been upgraded inside and out. The units have newer appliances, crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the beautiful landscaping is drought resistant and takes no water to maintain. Check out the pictures!! This complex really performs! At actual rents, we are near market, month to month, and can be raised to market rents. At market rents, we're putting out, a 9.95 Gross Rent Multiplier, a robust 8.75% Cap Rate, and a breathtaking 14.95% CASH ON CASH RETURN!!! PLEASE SEE SUPPLEMENTS FOR MARKETING PACKAGE THAT INCLUDES RENT ROLL, RENT COMPS, INCOME, AND EXPENSES.

Price History

Date
Event
Price
09/29/25
Listing
$1,075,000
Condition Rating
Good
Despite being built in 1963, the property has undergone significant upgrades, including newer appliances, granite countertops in kitchens and bathrooms, crown molding, ceiling fans, and double-pane windows. The images confirm a clean, updated interior with tile flooring and modern light fixtures. While not a brand-new renovation, the updates appear to be within the last 5-15 years, making the property move-in ready with well-maintained systems and minimal wear and tear, aligning with a 'Good' condition score.
Pros & Cons

Pros

Strong Financial Performance: The property boasts impressive financial metrics at market rents, including a 9.95 Gross Rent Multiplier, a robust 8.75% Cap Rate, and a breathtaking 14.95% Cash-on-Cash Return, indicating excellent investment potential.
Extensive Recent Upgrades: The complex has been upgraded inside and out, featuring newer appliances, crown molding, granite countertops in kitchens/bathrooms, ceiling fans, and double-pane windows, enhancing tenant appeal and reducing immediate maintenance needs.
Spacious Units: Each of the four 2-bedroom, 2-bath units is exceptionally large, exceeding 1,000 square feet, which is a significant draw for tenants.
Tenant-Paid Utilities & Central HVAC: Units are separately metered for electric and gas, with tenants responsible for these costs, reducing landlord operating expenses. All units also feature central heating and cooling for tenant comfort.
Strategic Location: The 4Plex is ideally located just off Highway 111, on the border of La Quinta in Indio, offering good accessibility and a desirable area for renters.

Cons

Landlord Pays Water: The landlord is responsible for paying water for all units, which represents an ongoing operational expense that impacts net income.
Current Rents Below Market: While there's potential to raise rents to market rates, the current actual rents are described as 'near market' and 'month to month,' meaning the advertised high returns are not yet realized and require active management to achieve.
Property Age: Built in 1963, despite recent upgrades, the underlying infrastructure of the property is over 60 years old, which could lead to unforeseen maintenance issues not covered by cosmetic renovations.

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