588 E San Lorenzo, Palm Springs, CA 92264 (MLS# 41216762)

588 E San Lorenzo, Palm Springs, CA 92264

$2,500,000
Property Type: Residential Income Square Footage: 14,000 Lot Size (sq. ft.): 17,424 Status: Closed
Current Price: $2,500,000 List Date: 7/12/2005 Last Modified: 8/22/2024

Overview

Description

Total Units 13 -(12)2 bedroom, 2 Baths (1)1 bedroom, 1.5 Bath, Replummbed Copper out of slab up to Second Floor. Just finished Brand New Roofing to CODE through Petronella Roofing. Also Bran-New Central Recirculated Water Heater. Large Floor Plans, Dual Sinks in Master Suites, Carports & Parking, Laudry Facility, Pool & Spa, Lounge Chairs & tables, Balconies & Yards. One of the Large Yard units has a 2,000 Gal. Koi Pond w/ Gorgeous Landscape & new Sprinkler system. Located in Beautiful South Palm Springs with panoramic views of the valley and San Jacinto Mountain range located in the Tahquitz River Estates development. Close proximaty to downtown, shopping, grocery. 2 units are furnished.

Listing Details MLS# 41216762

General Property Information

Total Units
13
Approx SqFt
14000
SqFt Source
Other
Paved
Yes
Lot Acres
0.4
Lot Size Source
Other
Year Built
1966
Price Per Unit
0

Property Features

Tenant Pays: Cable TV; Electricity; Gas Listing Terms: Cash; Owner May Carry Possession: Close Of Escrow View Type: Canyon; City Lights; Hills; Mountain(s); Panoramic; Pool Levels: Two Flooring: Carpet; Ceramic Tile; Vinyl Cooling Type: Air Conditioning; Central Air Pool Description: Heated Heating: Forced Air Heating Fuel: Natural Gas Rooms: Utility Interior Features: Built-In Features Laundry: Community Sewer: In, Connected and Paid Water: Water District Land Lease Type: Fee Simple

Listing Location and Property Info

APN
508191013
Original List Price
2500000
Street #
588
Street Direction
E
Street Name
San Lorenzo
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
2006-08-15
Pending Date
2006-05-26
Closed Date
2006-08-14
Closed Price
2500000

Counts

# of Dishwashers
13
# of Disposals
13
# of Patios
13
# of Ranges
13
# of Refrigerators
13

More Information

Parking SpacesInformation

Total Carport Spaces
5
Total Parking Spaces
8

Listing, Location and Property Info

Entry Date
2005-06-28
Land Type
Fee
Builders Tract Code
7000

Income & Expenses

Actual Total Rent $
0
Annual Gross Rent $
0
Garage Income $
0
Gross Annual Income $
115020
Gross Income $
0
Gross Operating Income $
116100
Gross Schedule Income $
115020
Gross Spendable Income $
0
Laundry Income $
0
Net Operating Income $
80685
Other Income 1 $
0
Other Income 2 $
0
Advertising Expense $
0
Cable TV $
0
Electricity $
3447
Elevator Expense $
0
Expense Management $
12000
Furniture $
0
Gardener $
0
Gas $
7900
Insurance $
3500
Licenses $
600
Maintenance %
0
Manager $
12000
Operating Expenses $
35415
Other Expense $
0
Pest Control $
200
Pool Expense $
1260
Repair/Maintenance %
0
Security Expense $
0
Supplies $
1500
Total Annual Operating Expenses $
116100
Trash $
1400
Water Expense $
808
Workers Compensation $
0
Assessed Improved %
0
Assessed Improvement $
0
Assessed Total Value $
0
Cap Rate %
14.37
Personal Property Percent %
0
Tax Rate %
0
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

Canyon
Yes
City Lights
Yes
Hills
Yes
Mountain(s)
Yes
Panoramic
Yes
Pool
Yes

Levels

Two
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Vinyl
Yes

Cooling Type

Air Conditioning
Yes
Central Air
Yes

Pool Description

Heated
Yes

Heating

Forced Air
Yes

Heating Fuel

Natural Gas
Yes

Rooms

Utility
Yes

Interior Features

Built-In Features
Yes

Laundry

Community
Yes

Sewer

In, Connected and Paid
Yes

Water

Water District
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: RE/MAX Consultants
Listing Agent: Mark Stilwell
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.

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