225 E Avenida Palmera, Palm Springs, CA 92264 (MLS# 41369909)

225 E Avenida Palmera, Palm Springs, CA 92264

$2,000,000
Property Type: Residential Income Square Footage: 17,654 Lot Size (sq. ft.): 40,511 Status: Closed
Current Price: $2,000,000 List Date: 6/22/2009 Last Modified: 8/23/2024

Overview

Description

Rare, well maintained, highly sought after 18 unit investment property in Prime South Palm Springs Location. First time on the market since 1996. This apartment complex is unique offering the following unparalleled amenities: All units enjoy central ac, dishwashers, microwaves, private patios and covered carports. Tastefully landscaped on .93 acres, this prime property includes pool/spa and on-site common laundry. Four units include laundry ensuite. Tenants of this building enjoy walking to local shops and restaurants and easy access public transportation. Minutes from downtown Palm Springs, this desirable, quiet south end location is a neighborhood that tenants are happy to call home. Do Not miss this investment opportunity.

Listing Details MLS# 41369909

General Property Information

Total Units
18
Approx SqFt
17654
SqFt Source
Other
Lot Acres
0.93
Lot Size Source
Assessor
Year Built
1976
Price Per Unit
0

Property Features

Listing Terms: Cash Levels: One; Two Cooling Type: Air Conditioning Pool Description: Heated Heating: Forced Air Laundry: Community Sewer: In, Connected and Paid Water: Water District Land Lease Type: Fee Simple

Listing Location and Property Info

APN
508345005
Original List Price
2400000
Street #
225
Street Direction
E
Street Name
Avenida Palmera
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End
Neighborhood
Tahquitz River Estates

Listing Info

Laundry
Yes

Status Change Info

Status Change Date
2009-11-12
Pending Date
2009-11-06
Closed Date
2009-11-12
Closed Price
2000000

Parking SpacesInformation

Total Parking Spaces
2

More Information

Listing, Location and Property Info

Entry Date
2009-06-22
Land Type
Fee
Builders Tract Code
7000

Income & Expenses

Actual Total Rent $
0
Annual Gross Rent $
0
Garage Income $
0
Gross Annual Income $
193050
Gross Income $
0
Gross Operating Income $
193050
Gross Schedule Income $
193050
Gross Spendable Income $
0
Laundry Income $
0
Net Operating Income $
147868
Other Income 1 $
0
Other Income 2 $
0
Advertising Expense $
0
Cable TV $
7320
Electricity $
2868
Elevator Expense $
0
Expense Management $
9600
Furniture $
0
Gardener $
10800
Gas $
2436
Insurance $
4250
Licenses $
0
Maintenance %
0
Manager $
9600
Operating Expenses $
45182
Other Expense $
0
Pest Control $
1104
Pool Expense $
2220
Repair/Maintenance %
0
Security Expense $
0
Supplies $
0
Total Annual Operating Expenses $
193050
Trash $
2700
Water Expense $
1884
Workers Compensation $
0
Assessed Improved %
0
Assessed Improvement $
0
Assessed Total Value $
0
Cap Rate %
0
Personal Property Percent %
0
Tax Rate %
0
Total Taxes $
0

Listing Terms

Cash
Yes

Parking Spaces/Information

Total Covered Spaces
0

Levels

One
Yes
Two
Yes

Cooling Type

Air Conditioning
Yes

Pool Description

Heated
Yes

Heating

Forced Air
Yes

Laundry

Community
Yes

Sewer

In, Connected and Paid
Yes

Water

Water District
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Zephyr Real Estate
Listing Agent: Phil Pappalardo
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.
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