Palm Desert, CA 92260,Address not disclosed
$945,000
$975,000
3.1%
Est.Price: ?

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0.26 Acres Lot

Address not disclosed Palm Desert, CA 92260

Est. payment /mo
SOLD DATE : 02/13/2015

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Key Details

Sold Price $945,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Portola Country Club

MLS Listing ID 14783527PS

Year Built 1973

Lot Size 0.262 Acres

Property Description

Great location just steps from El Paseo. Most units have been rehabbed with tile or wood laminate floors. All central a/c units replaced with window units. Expenses run super lean with long term tenants happy at below market rents. Zero landscape expense. Leased laundry room. Open parking for 10 cars with tons of street parking. 10 legal units with one non conforming studio that was spit off from one of the original 3 BR units and has been rented at $300 the past 10 years due for increase. 3 BR unit has resident "watcher" below market at $700 but there over 10 years.

Location

State CA

County Riverside

Area 322 - North Palm Desert

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Bamboo, Carpet, Tile

Exterior

Parking Features Assigned

View Y/N No

Building

Story 2

Foundation Slab

New Construction No

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Dale Lawrence • Realty Executives
Bought with Dale Lawrence • Realty Executives

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Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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