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Key Details
Sold Price $795,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Little Tuscany (33233)
MLS Listing ID PW20210098
Sold Date 01/15/21
HOA Y/N No
Year Built 1950
Lot Size 0.460 Acres
Property Description
Tremendous investment opportunity in Palm Springs! Six-unit apartment building with consistent rental income, located West of Palm Canyon Drive and within walking distance to downtown. Property has excellent potential for redevelopment. Recent changes to State law would allow construction of up to two ADUs (Accessory Dwelling Units) in addition to the redevelopment of the existing six units on the property. Contact listing agent for additional information. Buyers to confirm with the city regarding zoning and development potential. All information not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk property without permission.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Zoning RGA
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Combination, Forced Air
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Gravel, On Site, Unassigned
Pool None
Community Features Biking, Curbs, Sidewalks
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N Yes
View Mountain(s)
Parking Type Gravel, On Site, Unassigned
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 504300007
Energy Description 226.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Chris Menrad • Compass
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