1945 E E. Calle Lileta, Palm Springs, CA 92262 (MLS# 219122100)

1945 E E. Calle Lileta, Palm Springs, CA 92262

$1,575,000
Property Type: Residential Income Bedrooms: 10 Baths: 10 Square Footage: 4,360 Status: Closed
Current Price: $1,575,000 List Date: 1/04/2025 Last Modified: 3/18/2025

Overview

Description

This beautiful 1990's Spanish apartment building features 5 units, all 2-2. Two units are free standing. The building has 100% occupancy with high demand for rental units in this highly desirable area -Palm Springs neighborhood (Sunrise Park) just a short walk to the new College of the Desert, the Cultural Center (Camelot Theatre), restaurants including John Henry's, Ralphs, CVS, Eisenhower Urgent Care, and much more. The owners 'pride of ownership' shows by his remodeling and upgrading of every unit over the last several years, including granite counter tops in all kitchens, stainless steel appliances including refrigerators and built in microwaves, matching granite counters in all bathrooms. The buildings 1990's construction means lower maintenance costs for the owner and desirable features for tenants with dual pane windows, good insulation, 2 off-street parking places per unit, private patios and on-site laundry.

Listing Details MLS# 219122100

General Property Information

Total Units
5
Total Bedrooms
10
Full Baths
10
Total Baths
10
Approx SqFt
4360
SqFt Source
Assessor
Fireplace
No
Building # of Stories
Yes
Pool
No
Lot Size Source
Assessor
Year Built
1991
Cross Streets
Saturmino & Calle Lileta

Property Features

Owner Pays: Gardener; Trash Collection; Water Tenant Pays: Cable TV; Electricity; Gas Sale Type: Standard Listing Terms: 1031 Exchange; Cash; Cash to New Loan; Conventional Possession: Close Of Escrow Lot Description: Level View Type: Mountain(s) Property Condition: Updated/Remodeled Disclosures: Home Warranty Plan; Rent Control Levels: Ground Level, No Unit Above; One Unit Location: Ground Floor Exterior Construction: Stucco; Frame Flooring: Carpet; Ceramic Tile Cooling Type: Air Conditioning Heating: Forced Air Rooms: Living Room TV Services: Cable TV Security Safety: Fire Alarm Sewer: In Street Paid Parking: Assigned Land Lease Type: Fee Simple

Listing Location and Property Info

APN
502182001
Original List Price
1695000
Property Sub-Type
Apartment
Street #
1945
Street Direction
E
Street Name
E. Calle Lileta
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Country
US

Listing Info

Number of Buildings
3
Exclusions of Sale
Any personal property of tenants per the exisitng rental agreements.
Water Heater
Yes
Elevator
No
Rent Control
Yes
ADA Compliant
No

Tax Info

Tax Mello Roos
No

Property Info

Senior Community
No
Gated Community
No
View
Yes

More Information

Status Change Info

Status Change Date
2025-03-18
Pending Date
2025-02-24
Closed Date
2025-03-12
Closed Price
1575000

Counts

# Electric Meters
6
# Gas Meter
5
# Water Meters
Yes

Parking SpacesInformation

Total Parking Spaces
5

Unit Information

Number of Units Leased
5

Listing, Location and Property Info

Entry Date
2025-01-03
Land Type
Fee

Income & Expenses

Actual Total Rent $
9314
Gross Operating Income $
111768
Monthly Gross Income $
9314
Net Operating Income $
60434
Gardener $
3840
Gas $
54
Insurance $
2184
Maintenance %
9000
Operating Expenses $
47500
Professional Management $
7589
Total Annual Operating Expenses $
47500
Trash $
237
Water Expense $
1020
Total Taxes $
20340

Owner Pays

Gardener
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes

Sale Type

Standard
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Cash to New Loan
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Parking Spaces/Information

Total Covered Spaces
0
Total Uncovered/Assigned Spaces
5

Lot Description

Level
Yes

View Type

Mountain(s)
Yes

Property Condition

Updated/Remodeled
Yes

Disclosures

Home Warranty Plan
Yes
Rent Control
Yes

Levels

Ground Level, No Unit Above
Yes
One
Yes

Unit Location

Ground Floor
Yes

Exterior Construction

Stucco
Yes
Frame
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes

Cooling Type

Air Conditioning
Yes

Heating

Forced Air
Yes

Rooms

Living Room
Yes

TV Services

Cable TV
Yes

Security Safety

Fire Alarm
Yes

Sewer

In Street Paid
Yes

Parking

Assigned
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Jeannie Niles Real Estate
Listing Agent: Jeannie Mari Niles
Last Updated: March - 18 - 2025
Information deemed reliable but not guaranteed.

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