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519 S Desert View Drive, Palm Springs, CA 92264

$1,060,000

Property Type: Residential Income Bedrooms: 6 Baths: 6 Square Footage: 3,500 Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $1,060,000 List Date: 6/13/2021 Last Modified: 11/18/2024

Overview

Description

A gem. This fully occupied 5-unit apartment complex has undergone significant upgrades. Nicely remodeled interiors - all with in-unit washer and dryers and stainless kitchen appliances. Each unit was brought down to the studs. There are Four 1 bed/1 bath units and One 2 bed/2 bath unit. Complex has gated common area pool surrounded by a mix of green and desert-scape landscaping. Includes off street assigned parking. Please see income expense report. Current NOI is $44,334.00. Photos taken prior to resident occupancy dates. Furnishings not included.

Listing Details MLS# 219063490

General Property Information

Total Units: 5
Total Bedrooms: 6
Full Baths: 6
Total Baths: 6
Approx SqFt: 3500
SqFt Source: Other
Fireplace: No
Building # of Stories: Yes
Pool: Yes
Lot Acres: 0.23
Lot Size Source: Assessor
Lot Dimensions: 100' x 102' x 100' x 102'
Year Built: 1945
Cross Streets: Ramon Road

Property Features

Owner Pays: Gardener; Pool Service; Trash Collection; Water Tenant Pays: Electricity; Gas Sale Type: Standard Listing Terms: Cash; Conventional Possession: Close Of Escrow View Type: Mountain(s) Irrigation: Drip System; Sprinkler System; Sprinkler Timer Disclosures: Property As Is Building Style: Mid Century Levels: Ground; Ground Level, No Unit Above Appliances: Dishwasher; Disposal; Gas Oven; Gas Range; Refrigerator; Stackable W/D Hookup; Washer Kitchen Features: Granite Slab Counters; Quartz Counters; Remodeled Exterior Construction: Stucco Fencing: Fenced Flooring: Ceramic Tile; Vinyl Cooling Type: Air Conditioning; Ceiling Fan(s); Central Air Pool Location: Community Pool Accessories: Safety Fence Pool Construction: Gunite; In Ground Pool Description: Community; Gunite; In Ground; Not Heated Heating: Central; Forced Air Heating Fuel: Natural Gas Rooms: Living Room Interior Features: Recessed Lighting TV Services: Cable TV Laundry: Electric Dryer Hookup; Gas Dryer Hookup; In Closet Security Safety: None Roofing: Asphalt; Tar/Gravel Patio Features: Concrete Slab; Rock - Stone; Other Sewer: In, Connected and Paid Water: Water District Parking: Assigned Contingent Upon: Sale; Other Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 680031011
Original List Price: 1099000
Property Sub-Type: Apartment
Street #: 519
Street Direction: S
Street Name: Desert View
Street Suffix: Drive
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Neighborhood: Demuth Park
Country: US

Listing Info

Number of Buildings: Yes
Laundry: Yes
Laundry Equipment: Own

Tax Info

Tax Mello Roos: Unknown
Annual Taxes: 7431
Tax Rate Year: 2020

Property Info

Senior Community: No
Gated Community: Yes
View: Yes

More Information

Status Change Info

Status Change Date: 2021-07-23
Pending Date: 2021-07-16
Closed Date: 2021-07-22
Closed Price: 1060000

Counts

# Electric Meters: 6
# Gas Meter: 5
# of Dishwashers: 5
# of Disposals: 5
# of Patios: 5
# of Ranges: 5
# of Refrigerators: 5
# Water Meters: Yes

Water

Water District Name: Desert Water
Water District: Yes

Parking SpacesInformation

Total Parking Spaces: 9

Association Information

Mgmt Company Email: michael@vpmrents.com

Unit Information

Number of Units Leased: 5

Listing, Location and Property Info

Entry Date: 2021-06-13
Land Type: Fee

Income & Expenses

Actual Total Rent $: 73200
Annual Gross Rent $: 73200
Projected Rent $: 86400
Net Operating Income $: 44334
Electricity $: 3618
Gardener $: 1340
Insurance $: 2500
Licenses $: 600
Pool Expense $: 2295
Professional Management $: 73200
Water Expense $: 1532
Total Taxes $: 7431

Owner Pays

Gardener: Yes
Pool Service: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Fencing

Fenced: Yes

Sale Type

Standard: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Parking Spaces/Information

Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 9

View Type

Mountain(s): Yes

Irrigation

Drip System: Yes
Sprinkler System: Yes
Sprinkler Timer: Yes

Disclosures

Property As Is: Yes

Building Style

Mid Century: Yes

Levels

Ground: Yes
Ground Level, No Unit Above: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Gas Oven: Yes
Gas Range: Yes
Refrigerator: Yes
Stackable W/D Hookup: Yes
Washer: Yes

Kitchen Features

Granite Slab Counters: Yes
Quartz Counters: Yes
Remodeled: Yes

Exterior Construction

Stucco: Yes

Flooring

Ceramic Tile: Yes
Vinyl: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Central Air: Yes

Pool Location

Community: Yes

Pool Accessories

Safety Fence: Yes

Pool Construction

Gunite: Yes
In Ground: Yes

Pool Description

Community: Yes
Gunite: Yes
In Ground: Yes
Not Heated: Yes

Heating

Central: Yes
Forced Air: Yes

Heating Fuel

Natural Gas: Yes

Rooms

Living Room: Yes

Interior Features

Recessed Lighting: Yes

TV Services

Cable TV: Yes

Laundry

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
In Closet: Yes

Security Safety

None: Yes

Roofing

Asphalt: Yes
Tar/Gravel: Yes

Patio Features

Concrete Slab: Yes
Rock - Stone: Yes
Other: Yes

Sewer

In, Connected and Paid: Yes

Parking

Assigned: Yes

Contingent Upon

Sale: Yes
Other: Yes

Land Lease Type

Fee Simple: Yes

Listing Office: VPM Rents, Inc.

Listing Agent: Michael Heath

Last Updated: November - 18 - 2024

Information deemed reliable but not guaranteed.

760.799.7770