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Key Details
Sold Price $572,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219087290DA
Sold Date 04/13/23
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1968
Lot Size 0.530 Acres
Property Description
Palm Springs Multifamily Triplex! All 3 Units are 2 Bedroom + 1 Bath Each (Totaling 6 Bedrooms + 3 Bathrooms) and Approximately 800 Square Feet! 100% Occupied with Great Long Term Tenants. Below Market Rents With Potential to Raise Rents to $1,500 Per Unit or More, Which Would Gross Over $54,000 Per Year! All Tenants Currently on Month to Month Rent & Have Separate Edison Electric & Gas Meters! Owner Pays Water (Appx $70 Per Month) & Trash (Appx $145 Per Month). Building Total is 2,340 Square Feet on 2 Lots Totaling 23,086 Square Feet, Giving Potential to Possibly Build Additional Units in the Future! Zoned W-2. Fully Renovated in 2007, Including All New: Roofs, Kitchens, Cabinets, Bathrooms, Tile + Carpet Flooring, Doors, Windows, Stucco, Paint, Water Heaters, Plumbing, Faucets, Toilets, Electrical, Lighting, Ceiling Fans, AC's, Wall Furnaces & More! All 3 Units Include All Kitchen Appliances With Sale: 3 Refrigerators, 3 Stoves, 3 Microwaves, 3 Dishwashers & 3 Disposals. Laundry Hook Up in Each Units' Private Fenced Backyard. Plenty of Parking. Great Investment Opportunity and Potential to Live in One Unit While Renting the Other Two! Quiet Location With Amazing Mountain Views! Low Maintenance Olive Tree's and Desert Cactus Landscaping. Please Do Not Disturb Tenants. Interior Inspection Only After Accepted Offer. Riverside County APN #668-360-039 + #668-360-007.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Zoning 1OGB82Z9I96X
Interior
Interior Features Open Floorplan
Heating Natural Gas, Wall Furnace
Cooling Evaporative Cooling, Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplace No
Appliance Dishwasher, Gas Cooking, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater
Exterior
Garage Unassigned
View Y/N Yes
View Desert, Mountain(s)
Roof Type Composition
Parking Type Unassigned
Total Parking Spaces 9
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Level, Paved, Rectangular Lot
Story 1
Entry Level One
Foundation Slab
Architectural Style Traditional
Level or Stories One
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 668360039
Security Features Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Submit
Financing Cash
Special Listing Condition Standard
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