981 E Parocela Place, Palm Springs, CA 92264 (MLS# 219094949)

981 E Parocela Place, Palm Springs, CA 92264

$1,400,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 2,960 Status: Closed
Current Price: $1,400,000 List Date: 12/28/2023 Last Modified: 11/19/2024

Overview

Description

INCREDIBLE INVESTMENT PROPERTY! This quadruplex in centrally-located Warm Sands has been fully renovated in the last few years. All units are 2BD/1BA, with an eye for designer finishes and style galore! Pictures of the one unit are indicative of all the units, with minor differences. Upgrades/renovations in 2015 include HVACs for all units, double-pane windows and sliders, kitchens/baths/flooring, in-unit laundry, new roof profile, pool installation, with all units having direct access to the communal backyard pool/patio area, with intense views to the western mountains. 100% occupied by full time renters, smooth income stream in one of the most sought-after neighborhoods in Palm Springs. Each unit has separate meters for all utilities. Plenty of off-street parking for tenants. Single-car garage that can be rented for tenant storage.

Listing Details MLS# 219094949

General Property Information

Total Units
4
Total Bedrooms
8
3/4 Baths
4
Total Baths
4
Approx SqFt
2960
SqFt Source
Assessor
Fireplace
No
Building # of Stories
Yes
Pool
Yes
Lot Size Source
Assessor
Year Built
1947
Cross Streets
Warm Sands/Parocela

Property Features

Tenant Pays: Cable TV; Electricity; Gas; Water Sale Type: Standard Listing Terms: 1031 Exchange; Cash; Cash to New Loan Possession: Close Of Escrow Showing Access: Other View Type: Mountain(s) Disclosures: Property As Is Building Style: Mid Century Levels: Ground Level, No Unit Above Entry Location: Ground Level - No Steps Exterior Construction: Stucco Flooring: Ceramic Tile Cooling Type: Central Air Pool Location: Community Pool Construction: Gunite; In Ground Pool Description: Community Heating: Central Rooms: Dining Area; Living Room Security Safety: None Sewer: In, Connected and Paid Parking: Assigned Land Lease Type: Fee Simple

Listing Location and Property Info

APN
508154015
Original List Price
1550000
Property Sub-Type
Quadruplex
Street #
981
Street Direction
E
Street Name
Parocela
Street Suffix
Place
County
Riverside
State
CA
Zip Code
92264
Area
334 - Palm Springs South End
Country
US

Listing Info

Number of Buildings
Yes

Tax Info

Tax Mello Roos
No

Property Info

Senior Community
No
Gated Community
No
View
Yes

More Information

Status Change Info

Status Change Date
2023-12-29
Pending Date
2023-12-28
Closed Date
2023-12-29
Closed Price
1400000

Counts

# Electric Meters
4
# Gas Meter
4
# of Dishwashers
4
# of Disposals
4
# of Ranges
4
# of Refrigerators
4
# Water Meters
4

Parking SpacesInformation

Total Garage Spaces
Yes
Total Parking Spaces
11

Listing, Location and Property Info

New Construction
No
Entry Date
2023-05-13
Land Type
Fee

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes
Water
Yes

Sale Type

Standard
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Cash to New Loan
Yes

Possession

Close Of Escrow
Yes

Showing Access

Other
Yes

Parking Spaces/Information

Total Covered Spaces
0
Total Uncovered/Assigned Spaces
10

View Type

Mountain(s)
Yes

Disclosures

Property As Is
Yes

Building Style

Mid Century
Yes

Levels

Ground Level, No Unit Above
Yes

Entry Location

Ground Level - No Steps
Yes

Exterior Construction

Stucco
Yes

Flooring

Ceramic Tile
Yes

Cooling Type

Central Air
Yes

Pool Location

Community
Yes

Pool Construction

Gunite
Yes
In Ground
Yes

Pool Description

Community
Yes

Heating

Central
Yes

Rooms

Dining Area
Yes
Living Room
Yes

Security Safety

None
Yes

Sewer

In, Connected and Paid
Yes

Parking

Assigned
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Berkshire Hathaway HomeServices California Properties
Listing Agent: Tad Smith
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.
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