12065 Palm Dr, Desert Hot Springs, CA 92240 (MLS# 15844295)

12065 Palm Dr, Desert Hot Springs, CA 92240

$1,350,000
Property Type: Commercial Sale Lot Size (sq. ft.): 27,443 Status: Closed
Current Price: $1,350,000 List Date: 4/29/2005 Last Modified: 11/08/2024

Overview

Description

Ideal location in Old Town Development Plan Area. City plans strong future growth for the area as the center of the city and near future visitor center developments. Has hard to find off street parking. Eight rentalble spaces with only one vacant (smallest unit). Rents way under market value. Property includes APN 641-041-023. Inspection has shown the building needs a new roof. Owner is in process of obtaining price estimates and will re-roof. Alternately, Buyer could select to receive credit for work in escrow and accept responsibility for work. Price will be disclosed for roof work upon receipt of bids.

Listing Details MLS# 15844295

General Property Information

Lot Acres
0.63
Year Built
1960
Cross Streets
Pierson

Property Features

Listing Terms: Cash; Owner May Carry

Listing Location and Property Info

APN
641041047
Original List Price
2200000
Street #
12065
Street Name
Palm Dr
County
Riverside
State
CA
Zip Code
92240
Area
340 - Desert Hot Springs

Property Info

# Units
8

Status Change Info

Status Change Date
2006-01-31
Pending Date
2005-11-29
Closed Date
2006-01-31
Closed Price
1350000

Expenses

Annual Operating Expense
25

More Information

Income

Gross Operating
126141

Business Info

Cooling
Yes
Laundry Equipment
No
Year Established
1960
Phase
No
Voltage
No

Listing, Location and Property Info

Entry Date
2005-04-29

Listing Terms

Cash
Yes
Owner May Carry
Yes

Parking Spaces/Information

Clearance Height Minimum
0.00
Parking Ratio
0
Listing Office: Baddour & Associates
Listing Agent: Paul Allen
Last Updated: November - 08 - 2024
Information deemed reliable but not guaranteed.

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