Palm Springs, CA 92262,2685 N Junipero AVE
Palm Springs, CA 92262,2685 N Junipero AVE
Palm Springs, CA 92262,2685 N Junipero AVE
$1,160,000
Est. payment /mo
Est.Price: ?

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0.26 Acres Lot
SOLD DATE : 12/14/2021

Key Details

Sold Price $1,160,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Chino Canyon

MLS Listing ID 219069430DA

Year Built 1964

Lot Size 0.260 Acres

Property Description

Nicely renovated and upgraded Fourplex property located in the Little Tuscany neighborhood of Chino Canyon in Palm Springs is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is currently vacant, however it can be sold fully occupied with all tenants on one-year leases or otherwise, if negotiated. The property has been under Property Management and rents have been confirmed for the current market rate with a projected CAP rate of 5.37%, possibly higher. The original plan was to immediately rent all units, which are in high demand, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, including short term vacation rentals, keeping one unit or more for personal or family use or simply having control over who you wish to rent for and for what terms. A List of Upgrades and Renovation Work, Floor Plans, Income, Operating Expenses and projected Rent Roll available upon request.

Location

State CA

County Riverside

Area 331 - North End Palm Springs

Interior

Heating Central, Natural Gas

Cooling Central Air

Flooring Tile

Exterior

Parking Features Other, Side By Side

View Y/N No

Roof Type Shingle

Building

Lot Description Back Yard, Level

Story 1

Foundation Slab

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Doug Fischer • Coldwell Banker Realty
Bought with Shane Zuspan • Fathom Realty Group Inc.

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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