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$18,990,000
49270 Cochran Dr, Indio, CA 92201
0 Beds
0 Baths
56,800 SqFt

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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!
  • Price:
  • $18,990,000
  • Square Footage:
  • 56,800
  • Acreage:
  • 4.80
  • Year Built:
  • 2022
  • Listing ID #:
  • SW22131511
  • Street Address:
  • 49270 Cochran Dr
  • City:
  • Indio
  • State:
  • California
  • Postal Code:
  • 92201
  • County:
  • Riverside
  • Community:
  • Indio South Of East Valley
  • Subdivision:
  • Indian Palms (31432)
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Entry Level:
  • 1
  • Flooring:
  • Carpet, Vinyl
  • Green Features:
  • Appliances, Hvac, Insulation, Thermostat, Water Heater
  • Interior Features:
  • All Bedrooms Down
  • New Construction:
  • Yes
  • Number Of Units:
  • 32
  • Stories:
  • 1
  • Total # Of Buildings:
  • 11
  • Total Building Square Footage:
  • 56800
  • Type Of Roof:
  • Concrete
  • View:
  • Mountain(s)
  • Walls:
  • 2+ Common Walls
  • Year Built:
  • 2022
  • Year Built Source:
  • Builder
  • Annual Electric Expenses:
  • 6000
  • Annual Insurance Expenses:
  • 2000
  • Annual Trash Expenses:
  • 9000
  • Annual Water/Sewer Expenses:
  • 6000
  • Gross Income:
  • 1365000
  • Net Operating Income:
  • 887250
  • Operating Expense:
  • 409500
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Features:
  • 6-10 Units/Acre
  • Lot Size:
  • 4.8
  • Lot Square Footage:
  • 209088
  • Association Amenities:
  • Clubhouse, Fitness Center, Outdoor Cooking Area, Pool, Spa/Hot Tub, Tennis Court(s)
  • Community Features:
  • Biking, Golf, Pool
  • Days On Market:
  • 107
  • Lease Rate:
  • 1365000
  • On Market Date:
  • 2022-06-17
  • Originating Mls:
  • Crmls
  • Terms:
  • Cash To New Loan
  • Subdivision:
  • Indian Palms (31432)
  • Tenant Pays:
  • All Utilities, Cable Tv, Gas, Insurance
  • Laundry:
  • Laundry Room
  • Garage Parking Spaces:
  • 2
  • Has Garage:
  • Yes
  • Parking Description:
  • Garage
  • Parking Spaces:
  • 2
  • Pool Description:
  • Community, Association
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Central
  • Sewage Type:
  • Public Sewer
  • Utilities:
  • Cable Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent James Brennan with Brenson Realty
  • CACRMLS

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