$1,625,000
$1,695,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
0.46 Acres Lot
SOLD DATE : 11/15/2024
Key Details
Sold Price $1,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219117643DA
Sold Date 11/15/24
HOA Y/N No
Year Built 1965
Lot Size 0.460 Acres
Property Description
Rarely available Mid-Century Garden - style Apartment building | 6 - 2 bedroom 2 bath large units with back patios | All units are clean, and well maintained | only 2 units are at Market rents = Upside $$$ | All units open to gated pool | Community laundry room | Carport parking plus additional off street driveway parking | Walking distance to world famous El Paseo shops and restaurants | Will perform at approx. 5.0% CAP rate, at asking price | Incredibly well maintained - Excellent turn-key investment
Location
State CA
County Riverside
Area 323 - South Palm Desert
Interior
Interior Features Utility Room
Heating Forced Air
Fireplace No
Appliance Water Heater
Exterior
Garage Attached Carport, Assigned
Carport Spaces 6
Pool Community, In Ground
Community Features Pool
View Y/N No
Total Parking Spaces 10
Private Pool Yes
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 628082002
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Chuck Bennett • Windermere Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "