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Key Details
Sold Price $532,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision El Mirador
MLS Listing ID 21479328DA
Sold Date 12/11/13
Construction Status Repairs Major
HOA Y/N No
Year Built 1970
Lot Size 0.253 Acres
Property Description
Four units: all are two-bedroom/two-bath units with patios. Three units (#2,3,4) are similar in size and layout. The fourth larger unit (#1) is detached and separate with it's own private entry and private patio. This larger, private unit might be perfect for the owner-occupy buyer. All units have tile and carpet floors throughout, central air and heat, stoves, dishwashers (except #2) and refrigerators. The roof was redone in 2005. The grounds and pool area are very private with a nice tropical feel. Tenants pay their own electricity. Good, central location. Walking distance to downtown Palm Springs. Units #1 and #2 are currently vacant to accommodate showings. Sellers estimate the building was built in 1970 as tax records do not show a date built (buyer to verify). With the three smaller units rented at $850 a month and the fourth larger unit rented at $1100 a month, the PROJECTED CAP rate would be approximately 6.22%.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Central, Electric
Cooling Central Air
Fireplace No
Appliance Electric Water Heater, Water Heater
Exterior
Pool Gunite, In Ground
View Y/N No
Roof Type Tar/Gravel
Private Pool Yes
Building
Lot Description Level, Rectangular Lot
Story One
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Repairs Major
Others
Senior Community No
Tax ID 507042013
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Out Side Agent • Out Side Broker Office