43095 Washington, Palm Desert, CA 92211 (MLS# 41419950)

43095 Washington, Palm Desert, CA 92211

$3,000,000
Property Type: Residential Income Bedrooms: 2 Baths: 2 Square Footage: 30,720 Lot Size (sq. ft.): 39,204 Status: Closed
Current Price: $3,000,000 List Date: 1/31/2011 Last Modified: 8/23/2024

Overview

Description

Villa Del Sol is an outstanding opportunity for income property investors. 32 units in a gated apartment community centrally located on Washington street in Palm Desert California. Located close to the 10 freeway and lots of shopping within a half mile. All units are 2 bedroom and 2 bath units and this property includes a managers office and quarters. Amenities include lots of parking (70 SPACES), nice patios with mountain views, laundry facilities, central pool, nice green belt. Principals have invested six figures in capital improvements over the past couple of years help to make this operation turnkey. Strong management staff is already in place and this property has nearly a 100% occupancy rate. Possible owner carry. Please call listing agent for prospectus, or visit web site see below.

Listing Details MLS# 41419950

General Property Information

Total Units
32
Total Bedrooms
2
Total Baths
2
Approx SqFt
30720
SqFt Source
Other
Lot Acres
0.9
Lot Size Source
Assessor
Year Built
1983
Price Per Unit
0

Property Features

Tenant Pays: Cable TV; Electricity; Gas Listing Terms: Cash; Owner May Carry Possession: Close Of Escrow View Type: Mountain(s); Pool Levels: Two Flooring: Carpet Cooling Type: Air Conditioning; Central Air Pool Description: Heated Laundry: Community Sewer: In, Connected and Paid Water: Water District Land Lease Type: Fee Simple

Listing Location and Property Info

APN
637310040
Original List Price
3495000
Street #
43095
Street Name
Washington
County
Riverside
State
CA
Zip Code
92211
Area
322 - Palm Desert North

Listing Info

Laundry
Yes
Elevator
No

Property Info

Gated Community
Yes

Status Change Info

Status Change Date
2011-03-14
Pending Date
2011-03-03
Closed Date
2011-03-11
Closed Price
3000000

More Information

Parking SpacesInformation

Total Parking Spaces
12

Listing, Location and Property Info

Entry Date
2011-01-31
Land Type
Fee
Builders Tract Code
Not in a Development

Income & Expenses

Actual Total Rent $
0
Annual Gross Rent $
0
Garage Income $
0
Gross Annual Income $
309180
Gross Income $
0
Gross Operating Income $
293721
Gross Schedule Income $
309180
Gross Spendable Income $
92203
Laundry Income $
0
Net Operating Income $
191423
Other Income 1 $
0
Other Income 2 $
0
Advertising Expense $
0
Cable TV $
0
Electricity $
0
Elevator Expense $
0
Expense Management $
0
Furniture $
0
Gardener $
0
Gas $
0
Insurance $
0
Licenses $
0
Maintenance %
0
Manager $
0
Operating Expenses $
102298
Other Expense $
0
Pest Control $
0
Pool Expense $
0
Repair/Maintenance %
0
Security Expense $
0
Supplies $
0
Total Annual Operating Expenses $
293721
Trash $
0
Water Expense $
0
Workers Compensation $
0
Assessed Improved %
0
Assessed Improvement $
0
Assessed Total Value $
0
Cap Rate %
5.47
Personal Property Percent %
0
Tax Rate %
0
Tax Rate Year
2010
Total Taxes $
0

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes

Listing Terms

Cash
Yes
Owner May Carry
Yes

Possession

Close Of Escrow
Yes

Parking Spaces/Information

Total Covered Spaces
0

View Type

Mountain(s)
Yes
Pool
Yes

Levels

Two
Yes

Flooring

Carpet
Yes

Cooling Type

Air Conditioning
Yes
Central Air
Yes

Pool Description

Heated
Yes

Laundry

Community
Yes

Sewer

In, Connected and Paid
Yes

Water

Water District
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Bennion Deville Homes
Listing Agent: John Reagan
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.
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