48
Map
$510,000
●
House -
Off Market
45255 King Street
Indio, CA 92201
5 Beds
3 Baths
2,684 Ft²
$2,529
Est. Monthly
About This Property
First time on the market in over 30 years! Incredible investment
opportunity located in the heart of newly revitalized Downtown
Indio. This unique property features a charming 3-bedroom, 1-bath
main residence plus a detached duplex offering two separate
1-bedroom, 1-bath units -- creating exceptional flexibility for
multi-generational living, long-term tenants, or short-term rental
income.Each unit is individually metered, making management simple
and efficient for investors or owner-occupants alike. Positioned
near shopping, dining, entertainment, and popular desert events,
this property offers outstanding income-producing potential in one
of the Coachella Valley's fastest-growing areas.Whether you are
looking to expand your portfolio, offset your mortgage with rental
income, or capitalize on the booming short-term rental market, this
property delivers endless possibilities. Priced for immediate sale
-- rare opportunities like this do not come around often!
Unit Size
2,684 Ft²
Days on Market
79 days
Land Size
0.17 acres
Price per sqft
$192
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1941
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (CRMLS #219148360DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2026 | Sold | ||
| Sold | |||
| May 30, 2026 | In contract | - | |
| In contract | |||
| May 25, 2026 | Listed by Cool Digs | $515,000 | |
| Listed by Cool Digs | |||
Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Gillette Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gabino Gomez Saenz III, Cool Digs
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 219148360DA
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 219148360DA
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