Description
Exceptional investment opportunity in the heart of palm springs - walking distance to downtown. four-unit apartment building offered for sale, providing stable income and future value-add opportunity! building (4-plex) offers four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. upstairs units have amazing mountain views! building is 4,372 sf on a 7,841 sf lot. the community is comprised of four buildings (each a 4-plex) with a shared pool. landscape and pool maintenance expenses are shared between the 4 buildings. currently 100% occupied with great historic occupancy rates. some rents are currently below market and the new owner would have the opportunity to increase the noi, as rental rates have increased significantly over the past few years. this is a great opportunity to purchase a fully leased, income producing asset in the very hot palm springs market. palm springs and the coachella valley are experiencing a period of massive growth - don't miss out! reach out to listing agent for more information. please do not disturb the tenants.
Property Type
Residential IncomeCounty
RiversideStyle
ContemporaryAD ID
49767065
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Interior Features
- Interior Features: Balcony
- Property Appliances: Dishwasher,Freezer,Disposal,Gas Range,Refrigerator,Vented Exhaust Fan,Water Heater
- Fireplace: Living Room
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central,Forced Air,Natural Gas
- Has Heating
Fireplace
- Fireplace Features: Living Room
- Has Fireplace: 1
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Exterior Features
Building Information
- Year Built: 1988
Foundation
- Permanent,Slab
Pool Features
- Community,Gunite,Electric Heat,In Ground
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.18
- Lot Size Source: Assessor
- Lot Size Square Feet: 7841
-
Listing Information
Listing Price Information
- Original List Price: 1,195,000
- Listing Contract Date: 2025-05-15
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 507041026
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Garage,Garage Door Opener,Guest,On Street
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Cable TV,Electricity,Gas
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 332 - Central Palm Springs
- Postal Code Plus 4: 3252
- Directions: See Google Maps
- Source Property Type: Residential Income
- Area: 332 - Central Palm Springs
Building and Construction
- Property Age: 37
- Property Condition: Repairs Cosmetic,Updated/Remodeled
- Year Built Source: Assessor
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 06/13/2025 @ 09:30
- MLS: 219130153DA
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 7,841 sized lot, and 4 parking. are nearby neighborhoods.