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Key Details
Sold Price $1,455,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23193173
Sold Date 02/23/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1987
Lot Size 0.310 Acres
Property Description
COMPLETELY UPDATED INCOME PROPERTY IN CATHEDRAL CITY CENTRALLY LOCATED IN BOOMING COACHELLA VALLEY
5 UNIT COMPLEX 100% LEASED AT MARKET RENTS
We are pleased to present this 5-unit multifamily property that has been fully remodeled. The interior spares no expense with new cabinets, quartz counters, stainless steel appliances and waterproof luxury vinyl flooring throughout. The bathrooms have been tastefully redone, and all fixtures have been upgraded. Each unit is comprised of two beds, private patios and four car garage parking.
Coachella Valley is experiencing a period of massive growth including:Cotino, Storyliving By Disney, a 618-acre development only 12 minutes away.The newly opened Acrisure Arena which seats 10,000. Amazons proposed 3.4M SF warehouse, the 2nd largest in the US.“lithium Valley” near Salton Sea shows promise to be a global leader in production. Heavy investment already underway. Coachella Music Festival, Tennis Masters, PGA Golf, and a general tourism hotspot. Countless new hotels, venues, attractions, and festivals. A growing and diverse economy along the 10 FWY, a waypoint between LA and PHX.The property features drought tolerant landscaping, as well as energy efficient appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout the Desert Cities and Los Angeles.
Location
State CA
County Riverside
Area 699 - Not Defined
Zoning R204M
Rooms
Ensuite Laundry In Garage
Interior
Interior Features Ceiling Fan(s), Multiple Staircases, Quartz Counters, Bedroom on Main Level
Laundry Location In Garage
Heating Central, ENERGY STAR Qualified Equipment
Cooling Central Air, ENERGY STAR Qualified Equipment
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Gas Range, Refrigerator, Dryer, Washer
Laundry In Garage
Exterior
Garage Assigned
Garage Spaces 7.0
Garage Description 7.0
Fence None
Pool None
Community Features Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Tile
Accessibility None
Parking Type Assigned
Total Parking Spaces 14
Private Pool No
Building
Lot Description Back Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 680223028
Security Features Fire Detection System,Smoke Detector(s)
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with David Baker • The Prestige Realty Group
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