606 W ARENAS Road, Palm Springs, CA 92262 (MLS# 15895599)

606 W ARENAS Road, Palm Springs, CA 92262

$817,000
Property Type: Residential Income Bedrooms: 5 Baths: 5 Square Footage: 3,000 Lot Size (sq. ft.): 7,497 Status: Closed
Current Price: $817,000 List Date: 4/15/2015 Last Modified: 5/14/2026

Overview

Description

Prime investment or live-in opportunity! Located in the prestigious Tennis Club neighborhood of downtown Palm Springs, this impeccably maintained Mid-Century modern building features 1-2 bedroom, 2-1 bedroom, & 1 studio units. A sparkling pool, beautiful gardens & amazing mountain views add to the beauty of this golden 4-unit property. Gross Rent of $59,100 and Net Income of $34,531. The spacious 2-bedroom unit has been tastefully renovated with beautiful tile throughout, raised granite counter tops in the kitchen & baths, high-end appliances & wood-burning fireplace in the living room. The other units include two 1 bedrooms each with a remodeled bath & private mountainside patio; & a large studio with eat-in kitchen & restored vintage cabinetry. Each unit has exposed wood, tongue & groove, vaulted ceilings. Tenant perks include free laundry & off-street parking. This gated Mid-Century complex sits below the world famous Frey house & is just a short walk to restaurants & downtown.

Listing Details MLS# 15895599

General Property Information

Total Units
4
Total Bedrooms
5
Total Baths
5
Approx SqFt
3000
SqFt Source
Other
Building # of Stories
Yes
Pool
Yes
Paved
Yes
Lot Acres
0.17
Lot Size Source
Assessor
Zoning
R-2
Year Built
1956
Cross Streets
W. Arenas and S. Tahquitz Dr.

Property Features

Owner Pays: Gardener; Gas; Pool Service; Water Tenant Pays: Cable TV; Electricity Sale Type: Standard Listing Terms: Cash Possession: Close Of Escrow View Type: Mountain(s); Pool Property Condition: Updated/Remodeled Disclosures: Home Warranty Plan; Property As Is Levels: One Entry Location: Ground Level - No Steps Appliances: Dishwasher; Dryer; Refrigerator; Washer Bedroom Features: All Bedrooms Down Flooring: Ceramic Tile Cooling Type: Air Conditioning; Central Air; Wall/Window Unit(s) Pool Construction: In Ground Pool Description: In Ground Heating: Forced Air Fireplace Location: Family Room TV Services: Cable TV Patio Features: Concrete Slab Parking: Assigned; Permit Decal Land Lease Type: Fee Simple

Listing Location and Property Info

APN
513580060
Original List Price
849000
Street #
606
Street Direction
W
Street Name
ARENAS
Street Suffix
Road
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Neighborhood
Historic Tennis Club

Listing Info

Number of Buildings
Yes
Water Heater
Yes
Elevator
No

Tax Info

Tax Mello Roos
No

Property Info

Gated Community
Yes
View
Yes

More Information

Status Change Info

Status Change Date
2015-07-08
Pending Date
2015-04-19
Closed Date
2015-07-08
Closed Price
817000

Counts

# Electric Meters
5
# Gas Meter
Yes
# of Dishwashers
4
# of Disposals
4
# of Patios
2
# of Refrigerators
4
# Water Meters
Yes

Parking SpacesInformation

Total Carport Spaces
4
Total Parking Spaces
4

Listing, Location and Property Info

Entry Date
2015-04-14
Land Type
Fee
Builders Tract Code
5860

Income & Expenses

Actual Total Rent $
59100
Annual Gross Rent $
59100
Gross Annual Income $
59100
Gross Income $
59100
Gross Operating Income $
59100
Laundry Income $
0
Monthly Gross Income $
4925
Net Operating Income $
34532
Electricity $
2000
Gardener $
1800
Gas $
1485
Insurance $
1410
Licenses $
506
Other Expense $
600
Pest Control $
600
Pool Expense $
1440
Total Annual Operating Expenses $
59100
Trash $
1038
Water Expense $
517
Assessed Improvement $
418049
Cap Rate %
4.1
Vacancy Allowance % or $
0

Owner Pays

Gardener
Yes
Gas
Yes
Pool Service
Yes
Water
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Sale Type

Standard
Yes

Listing Terms

Cash
Yes

Possession

Close Of Escrow
Yes

View Type

Mountain(s)
Yes
Pool
Yes

Property Condition

Updated/Remodeled
Yes

Disclosures

Home Warranty Plan
Yes
Property As Is
Yes

Levels

One
Yes

Entry Location

Ground Level - No Steps
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Refrigerator
Yes
Washer
Yes

Bedroom Features

All Bedrooms Down
Yes

Flooring

Ceramic Tile
Yes

Cooling Type

Air Conditioning
Yes
Central Air
Yes
Wall/Window Unit(s)
Yes

Pool Construction

In Ground
Yes

Pool Description

In Ground
Yes

Heating

Forced Air
Yes

Fireplace Location

Family Room
Yes

TV Services

Cable TV
Yes

Patio Features

Concrete Slab
Yes

Parking

Assigned
Yes
Permit Decal
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Hom Sotheby's International Re
Listing Agent: Carl Blea
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.

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