, Palm Springs, CA 92262 (MLS# 17230266)

Palm Springs, CA 92262

$990,000
Property Type: Residential Income Bedrooms: 14 Baths: 7 Square Footage: 4,741 Lot Size (sq. ft.): 14,998 Status: Closed
Current Price: $990,000 List Date: 5/23/2017 Last Modified: 8/22/2024

Overview

Description

Exceptionally nice and clean building with pool and laundry in Central Palm Springs. All units 2BR/1BA, 6 have been update by current owner. Extremely desirable location close to restaurants, shopping, bus lines, doctors' offices, airport and more. Great positive investment with over $60,000 of capital improvements done in the last few years. Virtual staging furniture was used in some photos of this property. Please do not disturb our tenants, Drive By Only.

Listing Details MLS# 17230266

General Property Information

Total Units
7
Total Bedrooms
14
Total Baths
7
Approx SqFt
4741
SqFt Source
Other
Building # of Stories
Yes
Pool
Yes
Lot Acres
0.34
Lot Size Source
Assessor
Year Built
1956

Property Features

Sale Type: Standard Disclosures: Property As Is Levels: Ground; One Appliances: Refrigerator Cooling Type: Air Conditioning Pool Location: Community Pool Description: Community; Fenced Heating: Forced Air Laundry: Community Parking: Driveway Land Lease Type: Fee Simple

Listing Location and Property Info

Original List Price
1050000
County
Riverside
State
CA
Zip Code
92262
Area
332 - Palm Springs Central
Neighborhood
Sunrise Park

Listing Info

Number of Buildings
Yes
Laundry
Yes

Property Info

View
No

Status Change Info

Status Change Date
2017-11-02
Pending Date
2017-07-05
Closed Date
2017-11-02
Closed Price
990000

More Information

Parking SpacesInformation

Total Parking Spaces
7

Listing, Location and Property Info

Entry Date
2017-05-23
Land Type
Fee
Builders Tract Code
5400

Income & Expenses

Garage Income $
0
Gross Income $
79140
Gross Operating Income $
79140
Laundry Income $
0
Monthly Gross Income $
6595
Net Operating Income $
49775
Other Income 1 $
0
Other Income 2 $
0
Electricity $
5164
Gardener $
1840
Insurance $
2786
Pest Control $
660
Pool Expense $
1680
Total Annual Operating Expenses $
79140
Assessed Improvement $
519075
Cap Rate %
4.74
Vacancy Allowance % or $
0

Sale Type

Standard
Yes

Disclosures

Property As Is
Yes

Levels

Ground
Yes
One
Yes

Appliances

Refrigerator
Yes

Cooling Type

Air Conditioning
Yes

Pool Location

Community
Yes

Pool Description

Community
Yes
Fenced
Yes

Heating

Forced Air
Yes

Laundry

Community
Yes

Parking

Driveway
Yes

Land Lease Type

Fee Simple
Yes
Listing Office: Berkshire Hathaway HomeServices California Properties
Listing Agent: Jonathan Hunt
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.
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