84966 Calle Verde, Coachella, California 92236, Coachella, 92236 - 6 bed, 3 bath
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Coachella, California 92236
This Income-Generating Tri-plex Asset is listed at $850,000, positioned relative to a $704,003 Fair Market Value. Located in a Strategic Commercial Area, the property offers versatile potential for business or residential rentals. With a Condition Rating of 5, the 1945-built structure requires Extensive Renovation to modernize its three 2-bedroom units and address deferred maintenance. The Corner Lot features Mountain Views, mature fruit trees, and ample RV parking, providing unique utility. This is a high-utility acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in the Coachella Valley Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 84966 Calle Verde Subject | $850,000* List Price | 6 | 3 | 2,500 | $282 | - |
A 84297 Catalina Active | $599,000 List Price | 6 | 3 | 2,502 | $239 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
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absence of interior photos, particularly of kitchens and bathrooms, implies these areas are likely original or very outdated and in poor condition, requiring full rehabilitation.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.
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.
Situated in a commercial area, the property benefits from high visibility and potential for both residential rentals and future business opportunities, enhancing its versatility.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 90% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 2,500 | 1,938 | 83% |
| Lot Size | 7,841 | 6,534 | 85% |
| Price | $850.0K | $530.0K | 95% |
| Price per sq ft | $340 | $276 | 85% |
| Built year | 1945 | 2006 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 162 | 180 | 46% |
Nov 11, 2025
$850,000
Initial Listing
Oct 19, 1994
$7,000
Public Record