$1,627,500
$1,925,000
15.5%For more information regarding the value of a property, please contact us for a free consultation.
0.79 Acres Lot
SOLD DATE : 11/05/2014
Key Details
Sold Price $1,627,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 214012350DA
Sold Date 11/05/14
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1983
Lot Size 0.791 Acres
Property Description
Great investment opportunity located in one of the best areas of beautiful Palm Desert, CA. Single-story apartment complex, featuring EIGHTEEN units, each one 2BR/1BA, with a spacious average unit size of approx. 800 sq. ft. All apartments include basic appliances such as dishwashers, stoves, refrigerators and tile flooring. Entire exterior has been repainted and the pool resurfaced approximately three years ago. Most suites have been painted and renovated with new kitchens. Property amenities include a sparkling, fenced swimming pool, on-site laundry room, off-street parking, and storage space. Nice mountain views from the interior courtyard/pool area. Fantastic location, literally an easy two-minute stroll to full-service grocery store, restaurants, dining, shopping, services, and public transportation. Five minute drive to famed El Paseo shopping & entertainment district. Always full of tenants, with very low vacancy rate. A true opportunity!
Location
State CA
County Riverside
Area 322 - North Palm Desert
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Pool In Ground
View Y/N Yes
Private Pool Yes
Building
Lot Description Landscaped, Level, Near Public Transit, Rectangular Lot
Story One
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 625093003
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Out Side Agent • Out Side Broker Office