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83808 Avenida Verano, Coachella, California 92236, Coachella, 92236 - 7 bed, 5 bath

83808 Avenida Verano, Coachella, California 92236 home-pic-0
ACTIVE$932,000$2,821/sqft
Est. Value: $840,912
-9%
AboveEstimate
83808 Avenida Verano, Coachella, California 92236
7Beds
5Baths
2,821Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($840,912.195) is $91,087.805 (9%) lower than the list price ($932,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income Potential: The property features two existing, income-producing Junior Accessory Dwelling Units (JADUs), providing immediate rental revenue and flexible living arrangements.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.

Compared to the nearby listings

Price:$932.0K vs avg $520.0K (+$412,000)98%
Size:2,821 sqft vs avg 1,878 sqft91%
Price/sqft:$330 vs avg $28078%

More Insights

Built in 2006 (20 years old).
Condition: Built in 2006, this property has undergone extensive recent renovations, including a fully remodeled main kitchen with new counters, cabinetry, sink, faucet, and all new stainless steel appliances, along with new flooring throughout the main living areas. The two income-producing JADUs also feature modern, virtually new kitchens and bathrooms. While the master bathroom shows some original elements, the overall condition, particularly the updated kitchens, flooring, and new tankless water heater, aligns with a property extensively renovated within the last 5 years, presenting as virtually new and meeting current quality standards.
Year Built
2006
Close
-
List price
$932K
Original List price
$932K
Price/Sqft
$330
HOA
-
Days on market
-
Sold On
-
MLS number
219141128DA
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

Exceptional income opportunity with two income producing JADUs already in place! Spacious 2,821 sq ft two story residential property offering exceptional versatility and current rental income. The main residence features 4 bedrooms, 2 full bathrooms, guest bathroom, with a fully remodeled kitchen showcasing new kitchen counters, cabinetry, sink, faucet, and all appliances. Additional features include new flooring, tankless water heater, 2- car garage, and a large backyard. Property features two separate JADU spaces and both currently income producing. The first JADU is a tandem garage conversion(approx.255 sq ft) with kitchen, bathroom, mini split, and private entrance, currently producing rental income. The second JADU is an approximate 300 sq ft created from a bedroom and dining room area. Featuring one bedroom, bathroom, kitchen, living room, mini split, and its own private entrance and private patio. Also, tenant occupied and income producing. Centrally located near shopping, and dining. Just minutes from the Empire Polo Grounds, home of the Coachella Festival and Stagecoach music festival. Located within the city of Coachella, which allows short-term rentals subject to city regulations. This property offers flexible living options and investment potential. Buyer to verify all permits, square footage, and intended use. Do not disturb tenants.

J
Josefina Lerma
Listing Agent

Nearby schools

3/10
Westside Elementary School
Public,•K-6•3.4mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•1.7mi
3/10
Coachella Valley High School
Public,•9-12•3.1mi

Price History

Date
Event
Price
03/01/18
Sold
$305,000
11/07/17
Sold
$210,000
03/10/11
Sold
$165,000
Condition Rating
Excellent
Built in 2006, this property has undergone extensive recent renovations, including a fully remodeled main kitchen with new counters, cabinetry, sink, faucet, and all new stainless steel appliances, along with new flooring throughout the main living areas. The two income-producing JADUs also feature modern, virtually new kitchens and bathrooms. While the master bathroom shows some original elements, the overall condition, particularly the updated kitchens, flooring, and new tankless water heater, aligns with a property extensively renovated within the last 5 years, presenting as virtually new and meeting current quality standards.
Pros & Cons

Pros

Exceptional Income Potential: The property features two existing, income-producing Junior Accessory Dwelling Units (JADUs), providing immediate rental revenue and flexible living arrangements.
Remodeled Main Residence: The main residence boasts a fully remodeled kitchen with new counters, cabinetry, sink, faucet, and appliances, along with new flooring and a tankless water heater, indicating modern updates and move-in readiness.
Strategic Location & Event Proximity: Centrally located near shopping and dining, and just minutes from the Empire Polo Grounds, home of the Coachella and Stagecoach festivals, enhancing its appeal for both long-term residents and short-term rental guests.
Short-Term Rental Eligibility: Located within the city of Coachella, which permits short-term rentals, offering significant additional income opportunities, especially given its proximity to major event venues.
Spacious & Versatile Layout: A generous 2,821 sq ft two-story main residence with 4 bedrooms, complemented by two separate JADUs, provides ample space and flexible options for multi-generational living or continued investment.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.
Buyer Due Diligence Required: The listing explicitly states that the buyer must verify all permits, square footage, and intended use, particularly for the JADUs, which may indicate potential compliance complexities or unverified aspects.
Tenant Occupancy Challenges: The presence of existing tenants and the 'do not disturb' directive could complicate property showings, inspections, and the overall transaction process for potential buyers.
Average School Ratings: Local schools are rated as average (3/10), which might not appeal to families prioritizing access to top-tier educational institutions.
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