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Key Details
Sold Price $1,601,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Warm Sands
MLS Listing ID 219071568DA
Sold Date 01/21/22
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1957
Property Description
Great Opportunity for Potential Income Near Downtown Palm Springs! Investors, Landlords, Hotel Owners, Buyers looking to use one apartment while making income! Your opportunity to develop this beautiful 5 unit property with spectacular Mountain Views. Large13,939 sq.ft. lot with room for pool and possible additional units. Currently 4 large 1 bedroom apartments with fireplaces and 1 studio. All units have patios. Owner using units for storage and will be delivered empty of tenants. Many potential options for additional units or boutique hotel. Buyers should rely on their own due diligence with City Permit Department. Or make this your private compound with potential income. Adequate parking for over 6 units. Hurry, opportunities for properties of this quality and location do not come frequently & sell fast in today's market. Call to tour this handsome property ready for your development and income.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning 1OGB82Z9HAAU
Interior
Interior Features Utility Room
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile
Fireplaces Type Living Room, Masonry
Fireplace Yes
Appliance Water Heater
Exterior
Garage Side By Side, Unassigned
Community Features Park
View Y/N Yes
View Mountain(s), Panoramic
Parking Type Side By Side, Unassigned
Total Parking Spaces 8
Building
Lot Description Lawn, Level, Near Park
Story 1
Entry Level One
Architectural Style Modern
Level or Stories One
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 508220018
Security Features Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with John Burge • Bennion Deville Homes
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