74534 Driftwood Drive, Palm Desert, CA 92260 (MLS# 219075088)

74534 Driftwood Drive, Palm Desert, CA 92260

$2,060,000
Property Type: Residential Income Bedrooms: 16 Baths: 8 Square Footage: 5,600 Status: Closed
Current Price: $2,060,000 List Date: 3/08/2022 Last Modified: 11/19/2024

Overview

Description

Property is 2 4-Plexes: 74534 Driftwood ( APN 625162032 ) and 74536 Driftwood ( APN 625162031) to be sold together. Excellent South Palm Desert location. Rents are below market ( see attached rent roll ) so plenty of upside. All units are similar 2bed 1 bath floorplans and approx. 700 sqft each. Market rents are $1650

Listing Details MLS# 219075088

General Property Information

Total Units
8
Total Bedrooms
16
Full Baths
8
Total Baths
8
Approx SqFt
5600
SqFt Source
Other
Fireplace
No
Building # of Stories
Yes
Pool
No
Lot Size Source
Other
Year Built
1965
Cross Streets
Deep Canyon

Property Features

Sale Type: Standard Listing Terms: 1031 Exchange Disclosures: Rent Control Levels: Ground; One Flooring: Other Cooling Type: Other Heating: Other Rooms: Other Security Safety: None Sewer: Unknown Parking: Other Land Lease Type: Fee Simple

Listing Location and Property Info

APN
625162032
Original List Price
2200000
Street #
74534
Street Name
Driftwood
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92260
Area
323 - Palm Desert South
Country
US

Listing Info

Number of Buildings
2
Laundry
No

Tax Info

Tax Mello Roos
No

Property Info

View
No
Senior Community
No
Gated Community
No

More Information

Status Change Info

Status Change Date
2022-04-20
Pending Date
2022-03-22
Closed Date
2022-04-20
Closed Price
2060000

Counts

# Electric Meters
8
# Gas Meter
8
# Water Meters
Yes

Parking SpacesInformation

Total Parking Spaces
5

Listing, Location and Property Info

New Construction
No
Entry Date
2022-03-08
Land Type
Fee

Sale Type

Standard
Yes

Listing Terms

1031 Exchange
Yes

Parking Spaces/Information

RV
None
Total Covered Spaces
0
Total Uncovered/Assigned Spaces
5

Disclosures

Rent Control
Yes

Levels

Ground
Yes
One
Yes

Flooring

Other
Yes

Cooling Type

Other
Yes

Heating

Other
Yes

Rooms

Other
Yes

Security Safety

None
Yes

Sewer

Unknown
Yes

Parking

Other
Yes

Land Lease Type

Fee Simple
Yes

Documents

Listing Office: Desert Properties of Coachella Valley
Listing Agent: Steven Mogavero
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.

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