46211 Jackson St

Indio, CA 92201

$11,000,000
Last Sold Price
10
Beds
176
Baths
84,060 Sq. Ft.
$131 / Sq. Ft.
84,060
Sq. Ft.
$131
per Sq. Ft.
Closed 4/4/17
Closed 4/4/17

Description

First Team Commercial is pleased to exclusively present the Desert Oasis Apartments. This 90 unit offering located in Indio, California is situated on a sizable and well-maintained 4.2 acre lot. It consists of (4) one bedroom, (28) two bedroom, (48) three bedroom, and (10) four bedroom garden style apartments. This property offers the new owner an opportunity to obtain a strong asset in the fastest growing area of the Coachella Valley. Desert Oasis is an affordable apartment community which has a...First Team Commercial is pleased to exclusively present the Desert Oasis Apartments. This 90 unit offering located in Indio, California is situated on a sizable and well-maintained 4.2 acre lot. It consists of (4) one bedroom, (28) two bedroom, (48) three bedroom, and (10) four bedroom garden style apartments. This property offers the new owner an opportunity to obtain a strong asset in the fastest growing area of the Coachella Valley. Desert Oasis is an affordable apartment community which has a project-based Section 8 HUD contract in place. The current Section 8 contract became effective on January 01, 2012 and expires December 31, 2031. Desert Oasis is well positioned to capitalize on the current economic growth and redevelopment of Indio, as well as the forecasted growth and population increase of Indio and the outlying Palm Springs area.
  1. Listed by Sarah Martin • DRE #01935143 • First Team Real Estate
  2. Listed by Wendy Smith • DRE #01939621 • First Team Real Estate

Property Details for 46211 Jackson Street

Parking Spaces Total
95
Private Pool
No
Total Units
90.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
84060
Assessor Parcel Number
614-060-015
Property Attached YN
true
LISTING UPDATED: 04/05/2017 09:56 AM

Property Details for 46211 Jackson Street

StatusClosed
MLS #PW16755544
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1974
CountyRiverside County

Location

Listing Courtesy of First Team Real Estate, Sarah Martin, DRE #01935143; First Team Real Estate, Wendy Smith, DRE #01939621

Sold By Jesse Elsanhuty, Broker, Jesse Elsanhuty, DRE #01773542

Add your commute

Building Information for 46211 Jackson Street

Building/Complex46211 Jackson StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1974Building Size-

Payment Calculator

$57,068 per month

30 year fixed, 6.15% Interest

Principal and Interest

$53,612

Property Taxes

$3,456

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 46211 Jackson Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $1,091,125
  • Gross Scheduled Income: $1,065,936
  • Gross Operating Income: $1,091,125
  • Net Operating Income: $549,769
  • Laundry Income: $12,108
  • Other Income 1: $13,081
  • Cap Rate: 5.09
  • Current Financing: Other
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $518,193
  • New Taxes Expense: $119,016
  • Licenses Expense: $471
  • Electric Expense: $6,028
  • Insurance Expense: $26,732
  • Maintenance Expense: $52,852
  • Professional Management Expense: $93,401
  • Trash Expense: $24,605
  • Water Sewer Expense: $27,881
  • Total Expenses: $518,193
Tax / Assessment Info
  • Tax Tract Number: 495
  • Tax Census Tract: 495.00
  • Tax Lot: 1
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Fireplace Features: Kitchen
  • Fireplace Rooms: Kitchen
Exterior Features
  • Security Features: Gated Community, Smoke Detector(s)
  • Security: Gated Community
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting
  • Entry Location: Ground
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Greenbelt
  • Number Of Units: 90
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Gated
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Gated
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $725
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 755
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 28
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $915
  • Unit Type Total Rent: $25,620
  • Unit Type Pro Forma: 920
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 48
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,026
  • Unit Type Total Rent: $49,248
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,106
  • Unit Type Total Rent: $11,060
  • Unit Type Pro Forma: 1210
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 90
  • Rent Controlled: No
  • Number Of Buildings: 15
  • Number Of Separate Electric Meters: 90
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 46211 Jackson Street

DateEvent & SourcePriceAppreciation
Apr 4, 2017

Sold

SDMLS #PW16755544

$11,000,000—
Apr 4, 2017

Sold

CRMLS #PW16755544

$11,000,000—
Apr 4, 2017

Sold

CLAW #PW16755544MR

$11,000,000—
Dec 8, 2016

Pending

CRMLS #PW16755544

—
Dec 8, 2016

Pending

CLAW #PW16755544MR

—
Nov 30, 2016

Listed (Active)

SDMLS #PW16755544

$10,800,000—
Nov 30, 2016

Listed (Active)

CLAW #PW16755544MR

$10,800,000—
Nov 30, 2016

Listed (Active)

CRMLS #PW16755544

$10,800,000—
DateEvent & SourcePrice
04/04/2017

Sold

SDMLS #PW16755544

$11,000,000
04/04/2017

Sold

CRMLS #PW16755544

$11,000,000
04/04/2017

Sold

CLAW #PW16755544MR

$11,000,000
12/08/2016

Pending

CRMLS #PW16755544

—
12/08/2016

Pending

CLAW #PW16755544MR

—
11/30/2016

Listed (Active)

SDMLS #PW16755544

$10,800,000
11/30/2016

Listed (Active)

CLAW #PW16755544MR

$10,800,000
11/30/2016

Listed (Active)

CRMLS #PW16755544

$10,800,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 46211 Jackson Street

Taxable ValueLand$3,481,756Additions$9,300,956Total$12,782,712
Tax Record2025$41,467 ($3,456 / month)
Home Facts
Total Finished SqFt84,490 SqFtAbove Grade Finished SqFt84,490 SqFtStories2Lot Size182,952 SqFtStyleMulti-Family Res (5+ Units)Year Built1971ZoningR3CountyRIVERSIDEAPN614-060-015

Schools near 46211 Jackson Street

This home is within Desert Sands Unified School District.
Rating
School
Type
Grades
Distance
Theodore Roosevelt Elementary School
Public - K to 5
Thomas Jefferson Middle School
Public - 6 to 8
Indio High School
Public - 9 to 12
Desert Sands A.T.L.A.S.
Public - 12
Rating
School
Distance
Theodore Roosevelt Elementary School
PublicK to 5

Thomas Jefferson Middle School
Public6 to 8

Indio High School
Public9 to 12

Desert Sands A.T.L.A.S.
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Team Real Estate, Sarah Martin, DRE #01935143; First Team Real Estate, Wendy Smith, DRE #01939621

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.