Palm Springs, CA 92262,2685 N Junipero AVE
Palm Springs, CA 92262,2685 N Junipero AVE
Palm Springs, CA 92262,2685 N Junipero AVE
59
$1,160,000
$1,150,000
0.9%
Est.Price: ?

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8 BD
5 BA
3,206 SqFt

2685 N Junipero AVE Palm Springs, CA 92262

Est. payment /mo
SOLD DATE : 12/14/2021

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Key Details

Sold Price $1,160,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,206 sqft

Price per Sqft $361

Subdivision Chino Canyon

MLS Listing ID 219069430

Bedrooms 8

Full Baths 5

Year Built 1964

Lot Size 0.260 Acres

Property Description

Nicely renovated and upgraded Fourplex property located in the Little Tuscany neighborhood of Chino Canyon in Palm Springs is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is currently vacant, however it can be sold fully occupied with all tenants on one-year leases or otherwise, if negotiated. The property has been under Property Management and rents have been confirmed for the current market rate with a projected CAP rate of 5.37%, possibly higher. The original plan was to immediately rent all units, which are in high demand, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, including short term vacation rentals, keeping one unit or more for personal or family use or simply having control over who you wish to rent for and for what terms. A List of Upgrades and Renovation Work, Floor Plans, Income, Operating Expenses and projected Rent Roll available upon request.

Location

State CA

County Riverside

Area 331 - Palm Springs North End

Interior

Heating Central, Natural Gas, Other

Cooling Air Conditioning, Central Air, Other

Exterior

View Y/N false

Building

Lot Description Back Yard, Level

Story 1

Sewer In, Connected and Paid

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Coldwell Banker Realty

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agent

Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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