49270 Cochran Dr
Indio,
CA $18,990,000
Welcome to Aspire a 32 unit condo project located in the beautiful, gated community of Indian Palms Country Club. Aspire is a community of 1 Duplex and 10 triplexes, all single-story. There are three floorplans ranging from 1,665 sf 3 beds/2baths to 1,882 sf 3 or 4 beds, 2 baths. Amenities exclusively for Aspire include a pool, spa, shade structures, 1/4 mile walking path, desert garden, private backyards, covered patios and much more. Interiors feature 9 foot ceilings, vinyl plank flooring, real wood cabinets, quartz counters, LED lighting, paid solar and stainless steel appliances. Amazing opportunity to own 32 long-term, seasonal or short term rentals. Located less than 1 mile from Empire Polo Club, Coachella and Stage Coach where all the music festivals are held. Tenants could walk or bike to the festivals in a few minutes. First phase construction of 17 homes will be completed in Sept 2022. Second phase construction of 15 homes will be completed late 2022 or early 2023. Call for your showing!
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Listing IDSW22131511
Price$18,990,000
Price/SqFt$334.33
StatusPending
SqFt
56,800
Acres
4.800
CountyRiverside
SubdivisionIndian Palms (31432)
Year Built2022
Property TypeResidential Income
County
Riverside
Price/SqFt
334.33
Property Type
Residential Income
Subdivision
Indian Palms (31432)
Year Built
2022
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Average Studio Area Units
Square Feet
Building Area Units
Square Feet
Common Walls
2+ Common Walls
Cooling
yes
Cooling Type
Central Air
Fireplace
no
Fireplace Features
None
Flooring
Carpet, Vinyl
Garage Spaces
2
Heating
yes
Heating Type
Central
Laundry
yes
Laundry Features
Individual Room
Room Type
All Bedrooms Down
Stories Total
1
Entry Level
1
Lot Features
6-10 Units/Acre
Lot Size Area
4.8
Lot Size Source
Assessor
Lot Size Square Feet
209088
Number Of Buildings
11
Parking
yes
Parking Features
Garage
Parking Total
2
Pool Features
Community
Private Pool
no
Property Attached
yes
Roof
Concrete
Sewer
Public Sewer
View
yes
View Type
Mountain(s)
Water Source
Public
Country
US
Elevation Units
Feet
MLS Area Major
314 - Indio South of East Valley
Subdivision Name Other
Indian Palms (31432)
Additional Parcels
no
Assessments
Special Assessments
Association Amenities
Pool, Spa/Hot Tub, Outdoor Cooking Area, Tennis Court(s), Gym/Ex Room, Clubhouse
Community Features
Biking, Golf
Days On Market
108
Green Energy Efficient
Appliances, HVAC, Insulation, Thermostat, Water Heater
Green Energy Generation
Solar
Green Water Conservation
Water-Smart Landscaping
List Agent State License
01800344
List Office State License
01871739
Lot Size Units
Acres
New Construction
yes
Number Of Separate Electric Meters
32
Number Of Separate Gas Meters
32
Number Of Separate Water Meters
32
Number Of Units Total
32
Parcel Number
614351021
Senior Community
no
Utilities
Cable Available
Year Built Source
Builder
Electric Expense
6000
Gardener Expense
12000
Gross Scheduled Income
1365000
Insurance Expense
2000
Land Lease
no
Net Operating Income
887250
Operating Expense
409500
Pest Control Expense
2000
Pool Expense
3600
Price Per Unit
593438
Professional Management Expense
65000
Rent Control
no
Special Listing Conditions
Standard
Tax Lot
5
Tax Tract Number
14690
Tenant Pays
All Utilities, Cable TV, Gas, Insurance
Total Actual Rent
1365000
Total Expenses
409500
Trash Expense
9000
Vacancy Allowance Rate
5
Water Sewer Expense
6000
Contact - Listing ID SW22131511
John Campbell
Address:
70005 Mirage Cove DriveRancho Mirage, CA 92270
United States
Phone: 323-646-8558
Similar Listings
Contact
Contact - Listing ID SW22131511
John Campbell
Address:
70005 Mirage Cove DriveRancho Mirage, CA 92270
United States
Phone: 323-646-8558
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© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Keller Williams Realty or one of their associates. Last updated Tuesday, March 21st, 2023.
Based on information from CARETS as of Tuesday, March 21st, 2023 12:03:09 AM. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Tuesday, March 21st, 2023 12:03:09 AM. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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