Palm Springs, CA 92262,351 E Cottonwood RD
Palm Springs, CA 92262,351 E Cottonwood RD
Palm Springs, CA 92262,351 E Cottonwood RD
Palm Springs, CA 92262,351 E Cottonwood RD
Palm Springs, CA 92262,351 E Cottonwood RD
Palm Springs, CA 92262,351 E Cottonwood RD
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$915,000

$889,000

2.9%
Est.Price: ?

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Est. payment /mo

0.25 Acres Lot


SOLD DATE : 11/23/2020

Key Details

Sold Price $915,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision El Mirador

MLS Listing ID 219050894PS

Sold Date 11/23/20

HOA Y/N No

Year Built 1947

Lot Size 10,890 Sqft

Property Description

Known as the Acacia Inn, this storied property has the feel of old Hollywood. Gated and well maintained 4 unit plus detached main house is an investor's dream. Impressive Gross Rent Multiplier and CAP rate! Live on site in the main house and keep rental income on the occupied units.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Central, None

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplaces Type Family Room

Fireplace Yes

Appliance Water Heater

Exterior

Parking Features Side By Side, Unassigned

Pool Community, Gunite, In Ground

Community Features Gated, Pool

View Y/N Yes

View Mountain(s)

Total Parking Spaces 6

Private Pool Yes

Building

Story 1

New Construction No

Others

HOA Name Village Management

Senior Community No

Tax ID 507023001

Security Features Gated Community

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Heath • VPM Rents, Inc.
Bought with Joy Lynn Thayer • Desert Tara Tori Properties

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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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