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1423 2nd Street, Coachella, California 92236, Coachella, 92236 - 3 bed, 3 bath

1423 2nd Street, Coachella, California 92236 home-pic-0
ACTIVE$380,000
1423 2nd Street, Coachella, California 92236
3Beds
3Baths
1,548Sqft
6,970Lot
Year Built
1930
Close
-
List price
$380K
Original List price
$488K
Price/Sqft
$245
HOA
-
Days on market
-
Sold On
-
MLS number
219131931DA
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $380.0K(10th), sqft - 1548(37th), beds - 3(39th), baths - 3(59th).

Discover the potential in this income-generating triplex located in the heart of Coachella. Each of the three units features a 1-bedroom, 1-bathroom layout--ideal for long-term tenants in a consistently strong rental market.The property requires repairs and updating, making it a great opportunity for investors, builders, or contractors seeking to add value through renovation. Located near schools, parks, shopping centers, and major roadways, this triplex offers excellent future income potential once improved.The lot provides on-site parking and space for possible enhancements.

Price History

Date
Event
Price
10/28/25
Price Change
$380,000-13.5%
08/09/25
Price Change
$439,200
06/25/25
Listing
$488,000
Condition Rating
Poor
The property was built in 1930, making it over 90 years old. The listing description explicitly states that it 'requires repairs and updating' and is an 'opportunity for investors, builders, or contractors seeking to add value through renovation.' This strongly suggests substantial rehabilitation is needed. The absence of any interior images, particularly of the kitchen and bathrooms, further supports the assessment that these key areas are likely in very poor, outdated condition and require significant renovation. The exterior images show an older property with unkempt grounds, consistent with a property needing extensive work.
Pros & Cons

Pros

Income-Generating Triplex: The property is an income-generating triplex, offering three separate 1-bedroom, 1-bathroom units, which is ideal for investors seeking multiple revenue streams.
Value-Add Opportunity: It presents a significant opportunity for investors, builders, or contractors to add value through renovation and updating, maximizing future income potential.
Strong Rental Market: Located in a consistently strong rental market, the property is well-suited for long-term tenants, ensuring potential for stable occupancy and cash flow.
Convenient Location: The triplex is strategically located near schools, parks, shopping centers, and major roadways, enhancing its appeal to prospective tenants.
Significant Price Reduction: The list price has seen substantial reductions from $488,000 to $380,000, indicating a motivated seller and potentially a more attractive entry point for buyers.

Cons

Extensive Repairs and Updating Required: The property explicitly requires significant repairs and updating, which will necessitate a substantial additional investment from the buyer.
Overpriced Relative to Estimated Value: The current listing price of $380,000 is 21% higher than the estimated property value of $297,374.24, suggesting it may be overpriced in its current condition.
Advanced Age of Property: Built in 1930, the property's age likely implies outdated systems, potential for deferred maintenance, and higher renovation costs compared to newer constructions.

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