, Palm Springs, CA 92262 (MLS# 14735913)

Palm Springs, CA 92262

$1,035,000
Property Type: Residential Income Bedrooms: 10 Baths: 9 Lot Size (sq. ft.): 19,236 Status: Closed
Current Price: $1,035,000 List Date: 2/09/2014 Last Modified: 5/12/2026

Overview

Description

Nine units, 8 one bedrooms and one bath and one two bedroom and one bath. Live in one and rent out the others or change into a house in prestigous Old Las Palmas, partially remodeled and in a great location, close to shopping & walk to downtown. Horse shoe shaped with a pool in the middle, coin operated laundry room, All units are separately metered for gas and electricity. Seller pays for trash, cold water, pool service, gardener. units 4-9 have tiled floors, one 1 is stained concrete,#8 is naked, ready for stain or tile and # 2&3 are carpeted. All one level, ranch style. Location, location, location, this is nothing but the best of neighborhoods. Tenants are half on lease and half on month to month, all new AC & heating units, updated electrical panels, Cats allowed

Listing Details MLS# 14735913

General Property Information

Total Units
9
Total Bedrooms
10
Total Baths
9
Building # of Stories
Yes
Pool
No
Lot Acres
0.44
Lot Size Source
Other
Year Built
1969

Property Features

Sale Type: Standard Disclosures: Property As Is Bedroom Features: Main Floor Bedroom Cooling Type: Central Air Heating: Central Parking: Driveway Land Lease Type: Fee Simple

Listing Location and Property Info

Original List Price
1300000
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Neighborhood
Old Las Palmas

Listing Info

Number of Buildings
2

Property Info

View
No

Status Change Info

Status Change Date
2014-04-11
Pending Date
2014-03-05
Closed Date
2014-04-11
Closed Price
1035000

More Information

Parking SpacesInformation

Total Parking Spaces
14

Listing, Location and Property Info

Entry Date
2014-02-08
Land Type
Fee
Builders Tract Code
5650

Income & Expenses

Gross Income $
86148
Gross Operating Income $
86148
Laundry Income $
700
Monthly Gross Income $
6479
Net Operating Income $
63910
Cable TV $
0
Electricity $
1329
Elevator Expense $
0
Furniture $
0
Gardener $
1560
Gas $
257
Insurance $
3700
Licenses $
477
Pest Control $
0
Pool Expense $
1560
Total Annual Operating Expenses $
86148
Trash $
1696
Water Expense $
1256
Assessed Improvement $
530249
Cap Rate %
49
Vacancy Allowance % or $
0

Sale Type

Standard
Yes

Disclosures

Property As Is
Yes

Bedroom Features

Main Floor Bedroom
Yes

Cooling Type

Central Air
Yes

Heating

Central
Yes

Parking

Driveway
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Coldwell Banker Realty
Listing Agent: Cena Caterine
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.
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