Palm Springs, CA 92262,Address not disclosed
Palm Springs, CA 92262,Address not disclosed
Palm Springs, CA 92262,Address not disclosed
Palm Springs, CA 92262,Address not disclosed
Palm Springs, CA 92262,Address not disclosed
Palm Springs, CA 92262,Address not disclosed
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$499,900

$509,000

1.8%
Est.Price: ?

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Est. payment /mo

0.25 Acres Lot


SOLD DATE : 08/25/2020

Key Details

Sold Price $499,900

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Colony El Mirador (33217)

MLS Listing ID OC20072316

Sold Date 08/25/20

HOA Y/N No

Year Built 1951

Annual Tax Amount $3,835

Lot Size 10,890 Sqft

Property Description

Thanks for looking! This is a mid century (1951) Art Deco building. Four large studios on a 1/4 acre lot! Centrally located near everything Palm Springs has to offer. A waiting list for new tenants. Long term tenants, Two over seven years! Wonderfully maintained by the local owner with many upgrades. The east part of the parcel has room for a pool or (check with the city) ability to build a sfr residence. Possibly more with a P.S. variance. Separate electrical meters. Lots of uncovered parking. Impeccable interiors and outside landscape.
Laundry room, machines conveyed with title. Similar properties have rents near $1,000 per month. Please check the financing option. With 30% and a well qualified purchaser, owner MAY do an installment sale and finance for 15 years.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Zoning R2

Interior

Interior Features All Bedrooms Down

Heating Wall Furnace

Cooling High Efficiency, Wall/Window Unit(s)

Flooring Tile

Fireplace No

Appliance Disposal, Gas Range, Gas Water Heater, Dryer, Washer

Laundry Common Area

Exterior

Pool None

Community Features Storm Drain(s), Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Elastomeric,See Remarks

Private Pool No

Building

Lot Description 2-5 Units/Acre, Sprinkler System

Story 1

Entry Level One

Foundation Concrete Perimeter, Slab

Sewer Sewer Tap Paid

Water Public

Architectural Style Mid-Century Modern

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 507041013

Energy Description 500.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry, Submit

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry, Submit

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Carl Mitrak • Re/Max Consultants
Bought with Carl Mitrak • Re/Max Consultants

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Shaun Hurley

Broker Associate | Lic# 00870450

+1(949) 463-4663

32451 Golden Lantern # 210, Niguel, CA, 92677

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