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832 Riverside Place, Palm Springs, CA 92264

$1,400,000

Property Type: Residential Income Bedrooms: 12 Baths: 11 Square Footage: 4,884 Status: Closed

Current Price: $1,400,000 List Date: 10/20/2022 Last Modified: 5/12/2026

Overview

Description

Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please do not disturb tenants. Strong cash flow potential. For showings contact listing agents.

Listing Details MLS# 219086115

General Property Information

Total Units: 10
Total Bedrooms: 12
Full Baths: 11
Total Baths: 11
Approx SqFt: 4884
SqFt Source: Other
Fireplace: Yes
Building # of Stories: Yes
Total Fireplaces: 2
Pool: Yes
Lot Size Source: Assessor
Year Built: 1952
Cross Streets: N Riverside Drive & Riverside Place

Property Features

Owner Pays: Electricity; Gardener; Gas; Pool Service; Trash Collection; Water Tenant Pays: Electricity Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional Possession: Subject To Tenants Rights Showing Access: Other Lot Description: Landscaped; Lawn; Level; Private; Street Public; Utilities - Overhead Lot Location: Cul-De-Sac View Type: Pool Property Orientation Faces: Front Door Faces East; Front Door Faces South; Front Door Faces West; Leisure Faces East; Leisure Faces North; Leisure Faces West Other Structural Features: Slab Property Condition: Fixer Irrigation: Sprinkler System; Sprinkler Timer Disclosures: Property As Is Community Features: Community Mailbox Building Style: Mid Century Levels: Ground; One Entry Location: Ground Level - No Steps Appliances: Dryer; Exhaust Fan; Gas Range; Refrigerator; Washer Range Hood: Yes Kitchen Features: Formica Counters; Quartz Counters; Tile Counters Bedroom Features: All Bedrooms Down; Main Floor Bedroom Bathroom Features: Shower Stall Exterior Construction: Siding; Stone; Stucco Fencing: Fenced Foundation: Slab Flooring: Carpet; Tile Cooling Type: Air Conditioning; Ceiling Fan(s); Wall/Window Unit(s); Other Pool Location: Private Pool Accessories: Safety Fence Pool Construction: In Ground; Tile Pool Description: Fenced; In Ground Heating: Central; Forced Air Heating Fuel: Natural Gas Fireplace Location: Living Room Fireplace Features: Stone Rooms: Studio; Other TV Services: Cable TV Laundry: Individual Room; Outside Volt 220 Location: In Laundry Security Safety: Gated Community Disability Access: No Interior Steps Window Treatments: Blinds; Screens; Shutters Roofing: Flat; Foam Sewer: In, Connected and Paid Water: Water District Parking: Side By Side; Unassigned Road Surface Type: Paved Contingent Upon: Inspection Land Lease Type: Fee Simple

Listing Location and Property Info

APN: 508181011
Original List Price: 1750000
Street #: 832
Street Name: Riverside
Street Suffix: Place
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Neighborhood: Tahquitz River Estates
Country: US

Listing Info

Number of Buildings: Yes
Water Heater: Yes
Laundry: Yes
Laundry Equipment: Own
Elevator: No
School District: Palm Springs Unified

Tax Info

Tax Mello Roos: Unknown

Property Info

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

More Information

Status Change Info

Status Change Date: 2022-12-23
Pending Date: 2022-11-22
Closed Date: 2022-12-23
Closed Price: 1400000

Counts

# Electric Meters: 10
# Gas Meter: 6
# of Ranges: 10
# of Refrigerators: 10
# Water Meters: Yes

Water

Water District Name: Desert Water Agency
Water District: Yes

Parking SpacesInformation

Total Parking Spaces: 11

Listing, Location and Property Info

New Construction: No
Entry Date: 2022-10-20
Land Type: Fee

Owner Pays

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

Tenant Pays

Electricity: Yes

Community Features

Community Mailbox: Yes

Fencing

Fenced: Yes

Sale Type

Standard: Yes

Road Surface Type

Paved: Yes

Listing Terms

Cash: Yes
Cash to New Loan: Yes
Conventional: Yes

Possession

Subject To Tenants Rights: Yes

Showing Access

Other: Yes

Parking Spaces/Information

RV: None
Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 11

Lot Description

Landscaped: Yes
Lawn: Yes
Level: Yes
Private: Yes
Street Public: Yes
Utilities - Overhead: Yes

Lot Location

Cul-De-Sac: Yes

View Type

Pool: Yes

Property Orientation Faces

Front Door Faces East: Yes
Front Door Faces South: Yes
Front Door Faces West: Yes
Leisure Faces East: Yes
Leisure Faces North: Yes
Leisure Faces West: Yes

Other Structural Features

Slab: Yes

Property Condition

Fixer: Yes

Irrigation

Sprinkler System: Yes
Sprinkler Timer: Yes

Disclosures

Property As Is: Yes

Building Style

Mid Century: Yes

Levels

Ground: Yes
One: Yes

Entry Location

Ground Level - No Steps: Yes

Appliances

Dryer: Yes
Exhaust Fan: Yes
Gas Range: Yes
Refrigerator: Yes
Washer: Yes

Range Hood

Yes: Yes

Kitchen Features

Formica Counters: Yes
Quartz Counters: Yes
Tile Counters: Yes

Bedroom Features

All Bedrooms Down: Yes
Main Floor Bedroom: Yes

Bathroom Features

Shower Stall: Yes

Exterior Construction

Siding: Yes
Stone: Yes
Stucco: Yes

Foundation

Slab: Yes

Flooring

Carpet: Yes
Tile: Yes

Cooling Type

Air Conditioning: Yes
Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes
Other: Yes

Pool Location

Private: Yes

Pool Accessories

Safety Fence: Yes

Pool Construction

In Ground: Yes
Tile: Yes

Pool Description

Fenced: Yes
In Ground: Yes

Heating

Central: Yes
Forced Air: Yes

Heating Fuel

Natural Gas: Yes

Fireplace Location

Living Room: Yes

Fireplace Features

Stone: Yes

Rooms

Studio: Yes
Other: Yes

TV Services

Cable TV: Yes

Laundry

Individual Room: Yes
Outside: Yes

Volt 220 Location

In Laundry: Yes

Security Safety

Gated Community: Yes

Disability Access

No Interior Steps: Yes

Window Treatments

Blinds: Yes
Screens: Yes
Shutters: Yes

Roofing

Flat: Yes
Foam: Yes

Sewer

In, Connected and Paid: Yes

Parking

Side By Side: Yes
Unassigned: Yes

Contingent Upon

Inspection: Yes

Land Lease Type

Fee Simple: Yes

Documents

Rent Roll October 2022 ›

Listing Office: Realty Trust

Listing Agent: Scott Timberlake

Last Updated: May - 12 - 2026

Information deemed reliable but not guaranteed.

760.799.7770