6,969 Sqft Lot
6,969 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26240480
HOA Y/N No
Year Built 1958
Lot Size 6,969 Sqft
Property Sub-Type Apartment
Property Description
Indio is the largest and fastest-growing city in the Coachella Valley and eastern Riverside County, with a population of approximately 93,000 to 95,000 year-round residents and an additional seasonal population of roughly 30,000 during the winter months. Indio ranks as the No. 3 fastest-growing city in Southern California, the No.8 fastest-growing city in California, and the No. 30 fastest-growing city in the United States — growth metrics that place it in rare company among established Southern California municipalities.
Known nationally as the "City of Festivals," Indio hosts the Coachella Valley Music and Arts Festival and the Stagecoach Country Music Festival at the Empire Polo Club, drawing hundreds of thousands of attendees annually and generating one of the largest event-driven economic impacts of any city in California. Indio is ranked the No. 1 city in America for live music and the No. 2 emerging travel destination in America and welcomes nearly 1.4 million visitors each year. For an apartment owner, this festival and tourism economy translates directly into sustained employment across hospitality, food service, transportation, security, retail, and event production — the precise workforce that occupies well-located, well-maintained two-bedroom rental housing.
The median household income in Indio is approximately $77,167, and the city's population profile is notably younger and more working-family-oriented than the western Coachella Valley communities of Palm Desert, Rancho Mirage, and Palm Springs. This demographic composition produces exactly the renter household that sustains occupancy and rent growth in eight-unit, two-bedroom product.
Location
State CA
County Riverside
Area 311 - Indio Central
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Carport Spaces 4
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 611182002
Security Features Smoke Detector(s)
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
