84966 Calle Verde, Coachella, California 92236, Coachella, 92236 - 6 bed, 3 bath
ACTIVE$850,000
84966 Calle Verde, Coachella, California 92236
6Beds
3Baths
2,500Sqft
7,841Lot
Price Vs. Estimate
The estimated value ($809,062.475) is $40,937.525 (4%) lower than the list price ($850,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Tri-plex: The property is explicitly marketed as a tri-plex, offering significant income potential through multiple rental units, making it an attractive investment for cash flow.
Top Cons:
Property Age and Potential for Extensive Renovation: Built in 1945, the property is likely to require significant capital investment for updates to systems, infrastructure, and aesthetics to meet modern standards and maximize rental income.
Compared to the nearby listings
Price:$850.0K vs avg $515.0K (+$335,000)96%
Size:2,500 sqft vs avg 1,938 sqft86%
Price/sqft:$340 vs avg $27980%
More Insights
Built in 1945 (80 years old).
Condition: Built in 1945, this property is nearly 80 years old with no indication of significant renovations. The listing explicitly notes 'Property Age and Potential for Extensive Renovation' and 'Unspecified Current Condition,' strongly suggesting substantial deferred maintenance. The complete absence of interior photos, particularly of kitchens and bathrooms, implies these areas are likely original or very outdated and in poor condition, requiring full rehabilitation. The discrepancy between 'Tri-plex' and 'Single Family Residence' also points to potential code issues or unpermitted conversions, further indicating a need for extensive repairs and updates to meet modern standards and safety.
Year Built
1945
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$340
HOA
-
Days on market
-
Sold On
-
MLS number
219138573DA
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Property income !! This Tri-plex has a great potential is located in a comercial area for business or rentals. Each unit has 2 bedrooms and one bathroom, it is corner lot with many mature fruit trees mangoes, figs, guavas, oranges,papayas, grapes, lemons, etc. space for RV or boats. Jast imagine the possibilities. Good opportunity for investors.
Price History
Date
Event
Price
10/19/94
Sold
$7,000
Condition Rating
Poor
Built in 1945, this property is nearly 80 years old with no indication of significant renovations. The listing explicitly notes 'Property Age and Potential for Extensive Renovation' and 'Unspecified Current Condition,' strongly suggesting substantial deferred maintenance. The complete absence of interior photos, particularly of kitchens and bathrooms, implies these areas are likely original or very outdated and in poor condition, requiring full rehabilitation. The discrepancy between 'Tri-plex' and 'Single Family Residence' also points to potential code issues or unpermitted conversions, further indicating a need for extensive repairs and updates to meet modern standards and safety.
Pros & Cons
Pros
Income-Generating Tri-plex: The property is explicitly marketed as a tri-plex, offering significant income potential through multiple rental units, making it an attractive investment for cash flow.
Strategic Commercial Area Location: Situated in a commercial area, the property benefits from high visibility and potential for both residential rentals and future business opportunities, enhancing its versatility.
Corner Lot with Unique Landscaping: As a corner lot, it offers enhanced accessibility and visibility, complemented by a variety of mature fruit trees that add aesthetic appeal and potential for fresh produce.
Ample RV/Boat Parking: The availability of dedicated space for RVs or boats is a valuable and often sought-after amenity, appealing to a broader range of tenants or owners in the area.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and potentially increasing its market value and tenant desirability.
Cons
Property Age and Potential for Extensive Renovation: Built in 1945, the property is likely to require significant capital investment for updates to systems, infrastructure, and aesthetics to meet modern standards and maximize rental income.
Discrepancy in Property Type: The listing describes the property as a 'Tri-plex' while the `sub_type` is 'Single Family Residence,' which could indicate zoning challenges, unpermitted conversions, or legal complexities requiring thorough due diligence.
Unspecified Current Condition: While presented as an investor opportunity, the description lacks details on the current condition of each unit, suggesting potential for substantial deferred maintenance or necessary upgrades to attract quality tenants.