$1,400,000
$1,650,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
11 Baths
4,884 SqFt
SOLD DATE : 12/23/2022
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,884 sqft
Price per Sqft $286
Subdivision Tahquitz River Estates
MLS Listing ID 219086115PS
Sold Date 12/23/22
Bedrooms 12
Full Baths 11
Construction Status Fixer
Year Built 1952
Lot Size 0.390 Acres
Property Description
Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please do not disturb tenants. Strong cash flow potential. For showings contact listing agents.
Location
State CA
County Riverside
Area Palm Springs South End
Rooms
Kitchen Formica Counters, Tile Counters
Interior
Heating Central, Forced Air, Natural Gas
Cooling Air Conditioning, Ceiling Fan, Other, Wall/Window
Flooring Carpet, Tile
Fireplaces Number 2
Fireplaces Type StoneLiving Room
Equipment Ceiling Fan, Dryer, Hood Fan, Range/Oven, Refrigerator, Washer
Laundry Outside, Room
Exterior
Garage Side By Side, Unassigned
Garage Spaces 11.0
Pool Fenced, In Ground, Private, Safety Fence, Tile
Community Features Community Mailbox
View Y/N Yes
View Pool
Roof Type Flat, Foam
Handicap Access No Interior Steps
Building
Lot Description Fenced, Landscaped, Lawn, Lot-Level/Flat, Secluded, Street Paved, Street Public, Utilities - Overhead
Story 1
Foundation Slab
Sewer In Connected and Paid
Water Water District
Structure Type Stone, Stucco
Construction Status Fixer
Schools
School District Palm Springs Unified
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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