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482 W Pico Road, Palm Springs, CA 92262

$989,000

Property Type: Residential Income Bedrooms: 6 Baths: 5 Square Footage: 3,476 Status: Closed

Current Price: $989,000 List Date: 7/17/2023 Last Modified: 11/19/2024

Overview

Description

This five-unit residence offers instant income to the new owner. Just the right blend of old and new with plenty of character featuring Vaulted beamed ceilings, concrete or tile floors, lots of storage cabinets, and built-ins. In the Five units, you will find a total of FOUR: 1 Bd /1 Ba units AND ONE: 2 bd /1 ba unit. Each one has its own private walled patio, evaporative cooler, AC, In Wall heater and a full kitchen with all appliances (which are included in the sale). The two-bedroom unit has a fireplace in the living room. This Superior, quiet residential location is in the Racquet Club West neighborhood just five minutes from Palm Springs downtown. The property has been well maintained and continuously updated and improved you'll find nothing to do but start generating revenue. Fully rented, with tenants that wish to stay, you'll only need to decide what you want to do with the two-bedroom unit. Rent it out or use it yourself? Separately metered units for gas and electricity ar ... (Read more)

Listing Details MLS# 219097531

General Property Information

Total Units: 5
Total Bedrooms: 6
Full Baths: 5
Total Baths: 5
Approx SqFt: 3476
SqFt Source: Assessor
Price Per Unit: 197800
Fireplace: Yes
Building # of Stories: Yes
Total Fireplaces: Yes
Pool: Yes
Lot Size Source: Assessor
Lot Dimensions: 100x108x103x100
Zoning: R-5
Zoning Source: Assessor
Year Built: 1960
Cross Streets: N De Anza Rd

Property Features

Owner Pays: Gardener; Pool Service; Trash Collection Tenant Pays: Cable TV; Electricity; Gas Sale Type: Standard Listing Terms: Cash; Cash to New Loan Possession: Negotiable Lot Description: Utilities - Overhead View Type: Desert; Mountain(s); Pool Property Orientation Faces: Front Door Faces South; Front Door Faces West Irrigation: Drip System Disclosures: Property As Is Building Style: Ranch Levels: One Entry Location: Ground Level - No Steps Appliances: Dishwasher; Dryer; Exhaust Fan; Gas Cooktop; Refrigerator; Washer Kitchen Features: Ceramic Counters; Granite Counters Bedroom Features: All Bedrooms Down Fencing: Fenced Foundation: Slab Flooring: Ceramic Tile; Concrete Cooling Type: Air Conditioning; Ceiling Fan(s); Evaporative Cooling; Gas; Wall/Window Unit(s) Pool Location: Private Pool Accessories: Safety Fence Pool Construction: Gunite; In Ground Pool Description: Fenced; Gas Heated Heating: Wall Furnace Heating Fuel: Wall Gas Fireplace Location: Living Room Fireplace Features: Gas Rooms: Dining Area Interior Features: Vaulted Ceiling(s) TV Services: Cable TV Laundry: Community; Individual Room Security Safety: Closed Circuit Camera(s) Disability Access: No Interior Steps Window Treatments: Blinds Roofing: Foam Patio Features: Enclosed Sewer: In, Connected and Paid Water: Water District Water Heater Feature: Gas Parking: Unassigned Road Surface Type: Paved Contingent Upon: Appraisal; Inspection; Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 504083015
Original List Price: 989000
Street #: 482
Street Direction: W
Street Name: Pico
Street Suffix: Road
County: Riverside
State: CA
Zip Code: 92262
Area: 331 - Palm Springs North End
Country: US

Listing Info

Number of Buildings: Yes
Exclusions of Sale: Tenants Personal property
Inclusions: Appliances/AC Units/Evaporative Coolers
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Own
Elevator: No

Tax Info

Tax Mello Roos: No
Annual Taxes: 10753
Tax Rate Year: 2022

Property Info

Entry Floor Number: Yes
Senior Community: No
Gated Community: No
View: Yes

More Information

Status Change Info

Status Change Date: 2023-10-18
Pending Date: 2023-08-09
Closed Date: 2023-10-18
Closed Price: 989000

Counts

# Electric Meters: 5
# Gas Meter: 5
# of Dishwashers: 5
# of Patios: 5
# of Refrigerators: 5
# Water Meters: Yes

Water

Water District Name: Desert Water Agency
Water District: Yes

Parking SpacesInformation

Total Parking Spaces: 8

Unit Information

Number of Units Leased: 4

Listing, Location and Property Info

Entry Date: 2023-07-17
Land Type: Fee

Income & Expenses

Annual Gross Rent $: 77880
Operating Expenses $: 25000

Owner Pays

Gardener: Yes
Pool Service: Yes
Trash Collection: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes

Fencing

Fenced: Yes

Sale Type

Standard: Yes

Road Surface Type

Paved: Yes

Listing Terms

Cash: Yes
Cash to New Loan: Yes

Possession

Negotiable: Yes

Parking Spaces/Information

Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 8

Lot Description

Utilities - Overhead: Yes

View Type

Desert: Yes
Mountain(s): Yes
Pool: Yes

Property Orientation Faces

Front Door Faces South: Yes
Front Door Faces West: Yes

Irrigation

Drip System: Yes

Disclosures

Property As Is: Yes

Building Style

Ranch: Yes

Levels

One: Yes

Entry Location

Ground Level - No Steps: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Exhaust Fan: Yes
Gas Cooktop: Yes
Refrigerator: Yes
Washer: Yes

Kitchen Features

Ceramic Counters: Yes
Granite Counters: Yes

Bedroom Features

All Bedrooms Down: Yes

Foundation

Slab: Yes

Flooring

Ceramic Tile: Yes
Concrete: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Evaporative Cooling: Yes
Gas: Yes
Wall/Window Unit(s): Yes

Pool Location

Private: Yes

Pool Accessories

Safety Fence: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Pool Description

Fenced: Yes
Gas Heated: Yes

Heating

Wall Furnace: Yes

Heating Fuel

Wall Gas: Yes

Fireplace Location

Living Room: Yes

Fireplace Features

Gas: Yes

Rooms

Dining Area: Yes

Interior Features

Vaulted Ceiling(s): Yes

TV Services

Cable TV: Yes

Laundry

Community: Yes
Individual Room: Yes

Security Safety

Closed Circuit Camera(s): Yes

Disability Access

No Interior Steps: Yes

Window Treatments

Blinds: Yes

Roofing

Foam: Yes

Patio Features

Enclosed: Yes

Sewer

In, Connected and Paid: Yes

Water Heater Feature

Gas: Yes

Parking

Unassigned: Yes

Contingent Upon

Appraisal: Yes
Inspection: Yes
Loan Approval: Yes

Land Lease Type

Fee Simple: Yes

Documents

Floor Plan Outline ›

Listing Office: RE/MAX Desert Properties

Listing Agent: Michael Layton

Last Updated: November - 19 - 2024

Information deemed reliable but not guaranteed.

760.799.7770