$510,000
●
House -
Off Market
48675 Gibraltar Street
Indio, CA 92201
4 Beds
2 Baths
1,756 Ft²
$608,060
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Rare opportunity to own in the desirable and centrally located
community of Rincon. This stunning pool home consists of 4
bedrooms, 2 bathrooms, a 3 car garage and displays amazing pride of
ownership. The main bedroom has a slider providing outdoor access
and a spacious bathroom with dual sinks, a separate shower and
bathtub and a sizable walk-in closet. Enjoy tile flooring
throughout the home, an upgraded kitchen with granite counters,
newer stainless steel appliances and recently painted white
cabinets. The backyard is your very own piece of paradise with a
recently re-plastered pool, beautiful updated pool tiles and a
newer pool filter. No hoa dues and low taxes! This home makes for
the perfect primary residence, vacation home or rental property as
there are no rental restrictions here. Enjoy close proximity to the
world famous polo grounds, which features the Coachella Music
Festival and Stagecoach. Make an appointment to view!
Unit Size
1,756 Ft²
Days on Market
36 days
Land Size
0.19 acres
Price per sqft
$278
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2000
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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 years ago (CRMLS #219056992DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2023 | No longer available | - | |
| No longer available | |||
| Feb 28, 2023 | In contract | - | |
| In contract | |||
| Feb 25, 2023 | Listed by Compass | $729,000 | |
| Listed by Compass | |||
| | |||
|
AIRBNB/SHORT TERM VACATION RENTALS ALLOWED!! This charming desert retreat is located in South Indio's highly desirable community of Rincon which is a short distance to Coachella & Stagecoach Festivals. This immaculately maintained 4 bedroom, 2 bath, 1,756 sqft. home with a pool & spa is perfect for entertaining guests or family gatherings. The well-lit & open floor plan includes an updated kitchen with granite countertops & stainless steel appliances with a breakfast nook. This easy to maintain home has tile throughout, no carpet. The great room fireplace is perfect for chilly evenings. The primary bedroom is spacious as is the primary bathroom with a two-sink vanity, glass shower, separate tub and a walk-in closet. The primary bedroom has a slider that opens onto the backyard with pool/spa access, & southwestern mountain views. It is ideal for relaxing & enjoying sunny desert days. The large laundry room with extra storage space leads into the large 3 car garage with newly installed high voltage electric car charger. Please call to schedule a viewing as this home won't last long. The manager has listed the unit size as 1756 square feet.
| |||
| Mar 16, 2021 | Sold | ||
| Sold | |||
| Feb 8, 2021 | Listed by BBS Brokers Realty | $489,000 | |
| Listed by BBS Brokers Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Indio
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Listed by: Kamoei Group, BBS Brokers Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219056992DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219056992DA
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