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3700 E Calle De Ricardo, Palm Springs, CA 92264

$1,350,000

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http://www.cpgtours.com/tour.php?br=0&id=29276

Property Type: Residential Income Bedrooms: 18 Baths: 18 Square Footage: 10,864 Lot Size (sq. ft.): 30,492 Status: Closed

Current Price: $1,350,000 List Date: 1/14/2014 Last Modified: 11/17/2024

Overview

Description

This 14-unit property consists of three buildings, each on a separate tax parcel. 3700-3750-3800 Calle De Ricardo includes tax parcels 680-041-010, 680-041-009 and 680-041-008. There are four 2-bedroom/1.75-bath units and ten 1-bedroom/1-ba units. Although the year built shown elsewhere is 1970, the three buildings were built in 1967, 1969 and 1970. The buildings offer a Spanish or Santa Fe style with very nicely maintained, light and bright units that include high, vaulted wood beam ceilings, private covered patios and a centrally located community pool. Please note that rent for unit 14 is not shown here on the MLS as the unit number is limited to 13. Current rent for unit #14, a 2bd/1ba, is $846.00 a month. You may ask for Rent Roll, Setup, Square Footage details and Improvements available for you as a separate PDF Report.

Listing Details MLS# 214000706

General Property Information

Total Units: 14
Total Bedrooms: 18
Full Baths: 14
3/4 Baths: 4
Total Baths: 18
Approx SqFt: 10864
SqFt Source: Builder
Price Per Unit: 99920
Fireplace: No
Pool: Yes
Lot Acres: 0.7
Year Built: 1970
Cross Streets: El Placer Rd.

Property Features

Owner Pays: Electricity; Gardener; Pool Service; Water Tenant Pays: Cable TV; Electricity Sale Type: Standard Listing Terms: Cash; Conventional Possession: Close Of Escrow; Subject To Tenants Rights Lot Description: Landscaped; Level Property Orientation Faces: Front Door Faces South Building Style: Pueblo Levels: Ground Level, No Unit Above; One Entry Location: Ground Level - No Steps Exterior Construction: Stucco Foundation: Slab Cooling Type: Air Conditioning; Ceiling Fan(s); Central Air; Electric; Heat Pump; Wall/Window Unit(s) Pool Location: Community Pool Accessories: Safety Gate Pool Construction: Gunite; In Ground Pool Description: Not Heated Heating: Central; Forced Air; Heat Pump Heating Fuel: Electric TV Services: Cable TV Security Safety: Other Roofing: Flat; Foam Sewer: In, Connected and Paid Water: In Street; Water District Water Heater Feature: Electric; Water Heater Unit Contingent Upon: Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 680041010
Original List Price: 1400000
Street #: 3700
Street Direction: E
Street Name: Calle De Ricardo
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End

Listing Info

Number of Buildings: 3
Water Heater: Yes
Laundry Equipment: Lease
Elevator: No
ADA Compliant: No

Tax Info

Tax Mello Roos: No
Annual Taxes: 16787

Property Info

View: No

More Information

Status Change Info

Status Change Date: 2015-03-23
Pending Date: 2015-03-12
Closed Date: 2015-03-20
Closed Price: 1350000

Counts

# Electric Meters: 17
# of Dishwashers: 4
# of Disposals: 14
# of Patios: 14
# of Ranges: 14
# of Refrigerators: 14
# Water Meters: 3

Water

Water District Name: Desert Water
In Street: Yes
Water District: Yes

Parking SpacesInformation

Total Parking Spaces: 18

Unit Information

Number of Units Leased: 14

Listing, Location and Property Info

Entry Date: 2014-01-14
Land Type: Fee

Income & Expenses

Actual Total Rent $: 130272
Annual Gross Rent $: 130272
Gross Annual Income $: 130392
Gross Income $: 130272
Gross Operating Income $: 130392
Laundry Income $: 120
Monthly Gross Income $: 10856
Net Operating Income $: 92965
Electricity $: 2638
Gardener $: 2450
Insurance $: 4251
Licenses $: 416
Manager $: 2076
Pest Control $: 990
Pool Expense $: 1455
Total Annual Operating Expenses $: 37440
Trash $: 3824
Water Expense $: 2540
Cap Rate %: 6.65
Tax Rate %: 1.2
Total Taxes $: 16787

Owner Pays

Electricity: Yes
Gardener: Yes
Pool Service: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Sale Type

Standard: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes
Subject To Tenants Rights: Yes

Lot Description

Landscaped: Yes
Level: Yes

Property Orientation Faces

Front Door Faces South: Yes

Building Style

Pueblo: Yes

Levels

Ground Level, No Unit Above: Yes
One: Yes

Entry Location

Ground Level - No Steps: Yes

Exterior Construction

Stucco: Yes

Foundation

Slab: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Heat Pump: Yes
Wall/Window Unit(s): Yes

Pool Location

Community: Yes

Pool Accessories

Safety Gate: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Pool Description

Not Heated: Yes

Heating

Central: Yes
Forced Air: Yes
Heat Pump: Yes

Heating Fuel

Electric: Yes

TV Services

Cable TV: Yes

Security Safety

Other: Yes

Roofing

Flat: Yes
Foam: Yes

Sewer

In, Connected and Paid: Yes

Water Heater Feature

Electric: Yes
Water Heater Unit: Yes

Contingent Upon

Loan Approval: Yes

Land Lease Type

Fee Simple: Yes

Listing Office: Coldwell Banker Realty

Listing Agent: Doug Fischer

Last Updated: November - 17 - 2024

Information deemed reliable but not guaranteed.

760.799.7770