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Palm Springs, CA 92264

$930,000

Property Type: Residential Income Bedrooms: 7 Baths: 5 Square Footage: 3,356 Status: Closed

Current Price: $930,000 List Date: 9/20/2021 Last Modified: 11/19/2024

Overview

Description

Seeking an investment property that generates income? Explore the opportunity that this Mid-Century Modern four-plex close to the Demuth Park area in South Palm Springs offers. Modern 4-plex that was originally a 5-plex and can very easily be converted back to original floor plan You'll have one 1/1, one 2/2, and two 2/1 units, all well-maintained and updated kitchen cabinets, windows, blinds, re-tiled baths with glass shower doors, toilets and sinks. The dishwashers, disposals, air conditioning units, evaporative coolers, wall heaters, and water heaters have been replaced. As a result of the positioning of the four-plex on its 10,203-square-foot lot, there's plenty of room for you to drop in a gorgeous pool. The entire yard has been xeriscaped, and each unit has its own private outdoor space. Your tenants will be just a short distance from pickleball courts, restaurants, and dog parks with easy access to nearby shopping and the airport. Come take a tour while this opportunity is st ... (Read more)

Listing Details MLS# 219066414

General Property Information

Total Units: 4
Total Bedrooms: 7
Full Baths: 5
Total Baths: 5
Approx SqFt: 3356
SqFt Source: Assessor
Fireplace: No
Building # of Stories: Yes
Pool: No
Lot Size Source: Assessor
Year Built: 1955
Cross Streets: Ramon Rd & E. Camino Parocela

Property Features

Owner Pays: Gardener; Trash Collection; Water Sale Type: Standard Listing Terms: Cash; Cash to New Loan; Conventional Possession: Close Of Escrow Showing Access: Other Lot Description: Landscaped; Utilities - Overhead View Type: Mountain(s) Disclosures: None Community Features: Sidewalks; Street Lighting Levels: One Appliances: Dishwasher; Disposal; Gas Range; Refrigerator Kitchen Features: Corian Counters; Quartz Counters Fencing: Fenced Foundation: Slab Flooring: Concrete Cooling Type: Wall/Window Unit(s) Heating: Forced Air Rooms: Other Interior Features: Beamed Ceilings Laundry: Community Security Safety: None Window Treatments: Blinds Roofing: Composition Sewer: In, Connected and Paid Water: Water District Water Heater Feature: Gas Parking: Unassigned Road Surface Type: Paved Contingent Upon: Appraisal; Inspection; Loan Approval Land Lease Type: Fee Simple

Listing Location and Property Info

Original List Price: 945000
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: Unknown

Property Info

Senior Community: No
Gated Community: No
View: Yes

More Information

Status Change Info

Status Change Date: 2021-12-02
Pending Date: 2021-11-22
Closed Date: 2021-12-02
Closed Price: 930000

Counts

# Electric Meters: 5
# Gas Meter: 5
# of Dishwashers: 4
# of Disposals: 4
# of Patios: 4
# of Ranges: 4
# of Refrigerators: 4
# Water Meters: Yes

Water

Water District Name: Desert Water Agency
Water District: Yes

Parking SpacesInformation

Total Parking Spaces: 7

Listing, Location and Property Info

Entry Date: 2021-08-19
Land Type: Fee

Income & Expenses

Actual Total Rent $: 4525
Annual Gross Rent $: 54900
Electricity $: 330
Gardener $: 1025
Insurance $: 2800
Maintenance %: 2200
Other Expense $: 160
Trash $: 1140
Water Expense $: 840
Total Taxes $: 13135

Owner Pays

Gardener: Yes
Trash Collection: Yes
Water: Yes

Community Features

Sidewalks: Yes
Street Lighting: 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

Close Of Escrow: Yes

Showing Access

Other: Yes

Parking Spaces/Information

Total Covered Spaces: 0
Total Uncovered/Assigned Spaces: 7

Lot Description

Landscaped: Yes
Utilities - Overhead: Yes

View Type

Mountain(s): Yes

Disclosures

None: Yes

Levels

One: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Gas Range: Yes
Refrigerator: Yes

Kitchen Features

Corian Counters: Yes
Quartz Counters: Yes

Foundation

Slab: Yes

Flooring

Concrete: Yes

Cooling Type

Wall/Window Unit(s): Yes

Heating

Forced Air: Yes

Rooms

Other: Yes

Interior Features

Beamed Ceilings: Yes

Laundry

Community: Yes

Security Safety

None: Yes

Window Treatments

Blinds: Yes

Roofing

Composition: Yes

Sewer

In, Connected and Paid: Yes

Water Heater Feature

Gas: Yes

Parking

Unassigned: Yes

Contingent Upon

Appraisal: Yes
Inspection: Yes
Loan Approval: Yes

Land Lease Type

Fee Simple: Yes

Listing Office: Brad Schmett Real Estate Group

Listing Agent: Brad Schmett Real Estate Group

Last Updated: November - 19 - 2024

Information deemed reliable but not guaranteed.

760.799.7770