CBRE is pleased to present a high-potential, value-add multifamily investment opportunity at 53228 Cesar Chavez Street in Coachella, California. This 9-unit asset, originally constructed in 1963, offers an attractive and diverse unit mix of 4 one-bedroom/one-bath units, 1 one-bedroom/one-and-ahalf-bath unit, and 4 two-bedroom/one-bath units, positioning the property to capture demand across multiple renter segments. The asset presents a compelling opportunity for investors to drive revenue growth through strategic management, and mark-to-market rent increases in a submarket characterized by limited new multifamily supply. Located within the rapidly expanding Coachella Valley, the property benefits from strong population growth, increasing rental demand, and proximity to major employment drivers in agriculture, logistics, and the greater Palm Springs tourism economy.
| MLS # | CV26146469 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 58 |
| Listing Provided By | CB RICHARD ELLIS | Cray Carlson |
| SQ Feet | 4,200 |
|---|---|
| Story(s) | 1 |
| Units | 9 |
| Building(s) | 3 |
| Acreage | 0.56 |
| Heating | None |
|---|---|
| Heating Yes / No | No |
| Lot Features | Near Public Transit |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Unknown |
|---|
| Community Features | Valley |
|---|
| State | CA |
|---|---|
| County | Riverside |
| City | Coachella |
| Zip Code | 92236 |
| Area | 315 Coachella |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $1,397,000 low | high Med: $1,922,500 sqft: 4,200 low | high Med: 5,361 $ / sqft: $333 low | high Med: $433 On site: 58 low | high Med: 22.5 | |
| State | CA |
|---|---|
| County | Riverside |
| City | Coachella |
| Zip Code | 92236 |
| Area | 315 Coachella |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $1,397,000 low | high Med: $1,922,500 sqft: 4,200 low | high Med: 5,361 $ / sqft: $333 low | high Med: $433 On site: 58 low | high Med: 22.5 | |