51
See all 51 photos
$8,400,000
Est. payment /mo
1 Bed
1 Bath
2.44 Acres Lot
New
46595 Vargas Road Indio, CA 92201
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26165757
Bedrooms 1
Lot Size 2.440 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to exclusively present a distinguished multifamily investment opportunity at Casa Serena Apartments, 46595 Vargas Road in Indio, CA, offering a strong in-place income stream in the heart of the Coachella Valley. This well-maintained 51-unit garden-style community provides residents with direct access to the I-10 Freeway and Highway 111 retail corridor, and proximity to the world-famous Empire Polo Grounds and Coachella Valley Music & Arts Festival. Situated on a 106,286 SF lot, Casa Serena features 29,376 SF of rentable space across 51 one-bedroom/one-bathroom floor plans averaging a generous 576 SF each. Select units have been brand new remodeled with dark cabinetry, granite-style countertops, luxury vinyl wood plank flooring, and new tub and shower surrounds. Open-concept island kitchens offer a breakfast bar, electric stove and range with hood, and ample cabinet storage. Each unit includes walk-in closets, double-pane windows, private individual patios, and central air and heating all on one story with no neighbors above or below. Common areas feature an on-site laundry facility, lush mature landscaping, a beautifully maintained courtyard, and surface parking, with full-time on-site property management and maintenance staff. Indios economy is anchored by a dynamic mix of hospitality, gaming, government, healthcare, and retail. Top employers include Fantasy Springs Resort Casino, Spotlight 29 Casino, the City of Indio, Desert Regional Medical Center, and the College of the Desert driving a stable, diverse employment base across the Coachella Valley. As th
Location
State CA
County Riverside
Zoning Assessor
Direction Merge onto I-10 E, Take exit 144 for Golf Ctr Pkwy, Turn right onto Golf Center Pkwy, Turn left onto CA-111 S, Turn right onto C
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 612064001
Acceptable Financing Cash
Listing Terms Cash
Listed by Eric Chen • CB RICHARD ELLIS
NEARBY SCHOOL & BUSINESS
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