$3,500,000
$3,395,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
1.33 Acres Lot
SOLD DATE : 11/27/2014
Key Details
Sold Price $3,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision La Quinta Resort Homes (31379)
MLS Listing ID NP14178225
Sold Date 11/27/14
HOA Y/N No
Year Built 1978
Lot Size 1.330 Acres
Property Description
Prime corner and most heavily trafficked thoroughfare leading into La Quinta. 26 unit apartment building four blocks from Old Town La Quinta. (9) 3 bedroom/2 baths, (4) 2 bedroom/2 baths, & (13) 2 bedroom/1.5 baths. All electric building with individual electric hot water heaters, forced air & heat, private balconies and patios, and pool. Parking for 40 cars: 23 covered and 17 open. Strong rental upside.
Apartments are across the street from the La Quinta Fitness Center & Community Park. Only small apartment complex besides a few 200+ unit complexes and a couple four-plexes.
18,000 square feet of commercial space and 82 new luxury condominiums are being added to Old Town La Quinta.
Location
State CA
County Riverside
Area 313 - La Quinta South Of Hwy 111
Interior
Heating Forced Air
Fireplace No
Exterior
Carport Spaces 23
Pool Community
Community Features Suburban, Pool
Total Parking Spaces 40
Private Pool Yes
Building
Lot Description 11-15 Units/Acre
Sewer Sewer Tap Paid
Water Public
Others
Tax ID 773071017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Guy Torelli • Torelli Invstmnt. Rlty
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Broker Associate | Lic# 00870450