$355,000
●
Condo -
Off Market
82098 Cochran Drive
Indio, CA 92201
2 Beds
2 Baths
1,140 Ft²
$2,058
Est. Monthly
$344
HOA / Fees
10.85%
Cap Rate
About This Property
Welcome to Indian Palms C.C. Currently used as a rental income
property. This 2 bedroom and 2 bathroom condo features a
waterway and greenbelt location, less than a mile to Empire Polo
Grounds, home of Coachella Festivals and Stage Coach music
festivals. Just minutes to Indian Wells Tennis Gardens, home of the
BNP Paribas Tennis Tournament, Margaritaville pickle ball
tournament and many other events. Enclosed private front courtyard
patio with entrance to garage and kitchen. Great space for BBQ and
conversation. Upgraded kitchen with stone counters, cabinets in a
light pine look and stainless steel appliances. Kitchen opens to
dining and living space with views that allow for indoor/outdoor
living. Views on the waterway with waterfall nearby all viewable
from the second patio. Each bedroom has their own on-suite with
upgrades to both bathrooms. Take a dip in the close proximity pool
or play a round of golf, it's open to the public. Stop by the Cafe
and Sports bar for breakfast or a cool drink and lunch.
Unit Size
1,140 Ft²
Days on Market
38 days
Land Size
0.11 acres
Price per sqft
$306
Property Type
Condo
Property Taxes
-
HOA Dues
$344
Year Built
1984
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Cap Rate Calculator
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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 #219110494DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| Apr 22, 2024 | Listed by Keller Williams Realty | $349,000 | |
| Listed by Keller Williams Realty | |||
Property Highlights
Air Conditioning
Garage
With View
Parking Details
Has Garage
Parking Features: Driveway, Garage, Garage Door Opener, Other, On Street
Garage Spaces: 1
Open Parking Spaces: 1
Garage Spaces: 1
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Interior Features: Breakfast Bar, Open Floorplan
Appliances: Dishwasher, Disposal, Gas Range, Refrigerator
Flooring Type: Tile
Living Area Square Feet Source: Assessor
Laundry Features: Laundry Closet
Exterior Details
Property Condition: Updated Remodeled
Year Built: 1985
Parcel Number: 614351014
Waterfront Features: Waterfront
Home Type: Residential
Spa Features: Community, In Ground
Private Pool
Pool Features: Community, In Ground
Lot Information: Greenbelt, Planned Unit Development, Waterfront
Lot Size Source: Assessor
Lot Size Acres: 0.11
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Location Details
Association Amenities: Bocce Court, Clubhouse, Golf Course, Maintenance Grounds, Lake Or Pond, Management, Other Courts, Other, Pet Restrictions, Security, Tennis Courts, Trash
Association Fee: $305
Association Fee Frequency: Monthly
Association Fee2: $39
Association Fee2 Frequency: Monthly
Community Features: Gated, Pool
Security Features: Gated Community, Twenty Four Hour Security
Subdivision: Indian Palms (31432)
Subdivision Name: Indian Palms (31432)
Directions: I-10 exit Monroe off ramp, South on Monroe about 2.5 miles crossing Ave. 48th, enter Indian Palms CC main gate entrance on the left. On Country Club Dr. to stop sign, turn right, continue to Cochran Dr., turn right, condo on right down past mailbox Cross Street: Eisenhower Drive.
Other Details
Listing Terms: Cash, CashToNewLoan, Conventional, Exchange1031
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/01/2026
| |
2 Bed
|
2 Bath
|
1140 ft²
|
$345,000
2 Bed
2 Bath
1140 ft²
|
$339,000
-1.74%
07/01/2026
|
Teresa Snyder
Redfin Corporation
|
|
04/22/2024
| |
2 Bed
|
2 Bath
|
1140 ft²
|
$349,000
2 Bed
2 Bath
1140 ft²
|
$355,000
+1.72%
05/31/2024
|
Renee Marrotte
Keller Williams Realty
|
|
12/01/2021
| |
2 Bed
|
2 Bath
|
1140 ft²
|
$360,000
2 Bed
2 Bath
1140 ft²
|
-
-
|
Angela Maciel-Gibbons
BPO Homes
|
|
10/30/2013
| |
2 Bed
|
2 Bath
|
1140 ft²
|
$156,950
2 Bed
2 Bath
1140 ft²
|
$155,000
-1.24%
12/19/2013
|
Jim Rose
J R Associates, REALTORS
|
Building Info
About Indio
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Listed by: Renee Marrotte, Keller Williams Realty
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219110494DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 219110494DA
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