Apartment Complex
Coachella Valley Villas
Coachella Valley, California
242-unit, Garden Style Apartment Complex
242-unit, garden style apartment complex set on 9.69 acres in Coachella, CA. The gated community will have picture-perfect views of the surrounding mountainside and expertly curated landscaping throughout.
The complex will feature a clubhouse complete with a business center, gourmet kitchen, WiFi access, fitness center, resort-style swimming pools, a dog run, and a daycare center. Construction will take 24 months and the project will be fully leased and stabilized within 36 months. The project is expected to generate $5.25mm NOI and stabilize at a 6.6% return on cost.