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51704 Harrison Street

Coachella, CA 92236
  • $1,299,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: IV23165928
UPDATED: 144 min ago
$1,299,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Albert Le of Le Investment Group (909-256-7889)


Description

The mixed-use commercial building in Coachella, CA, comprises a total of Six (6) units, with Two (2) units featuring Three Bedroom One Bathroom (3B1B), designed for residential purposes. The remaining Three units are dedicated to retail spaces, providing opportunities for local businesses to thrive in the area. Fifteen Hundred (1500) sqft. of space is currently vacant for a owner user purchase that can be utilized as a small warehouse or converted into a Three Bedroom Two Bathroom unit.There is a redevelopment opportunity for an additional 6,500 sqft. Seven (7) residential units totaling Thirteen (13) units. The necessary permits and architect plans have already been obtained to expand the building and add the additional Seven (7) units, with one of those units already constructed.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143105552
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51704 Harrison Street Coachella, CA 92236

  • Price: $1,299,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 144 min ago
  • ID#: IV23165928
0
Beds
0
Baths
0
½ Baths
0.49
Acres
1965
Built
Neighborhood:
Other
County:
Riverside
Area:
315 - Coachella
Property Description
The mixed-use commercial building in Coachella, CA, comprises a total of Six (6) units, with Two (2) units featuring Three Bedroom One Bathroom (3B1B), designed for residential purposes. The remaining Three units are dedicated to retail spaces, providing opportunities for local businesses to thrive in the area. Fifteen Hundred (1500) sqft. of space is currently vacant for a owner user purchase that can be utilized as a small warehouse or converted into a Three Bedroom Two Bathroom unit.There is a redevelopment opportunity for an additional 6,500 sqft. Seven (7) residential units totaling Thirteen (13) units. The necessary permits and architect plans have already been obtained to expand the building and add the additional Seven (7) units, with one of those units already constructed.
Exterior Features

Entry Level 2 Entry Location Floor Lot Features Corner Lot Number Of Separate Electric Meters 6 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.71 Common Interest Community Apartment Community Features Sidewalks Electric Standard Electric Expense 0 Garage YN No Gross Income 86861 Gross Scheduled Income 90480 Insurance Expense 3880 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 3619 Net Operating Income 61191 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 25669 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7540 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Cg



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Albert Le of Le Investment Group (909-256-7889)