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Key Details
Sold Price $795,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Little Tuscany (33233)
MLS Listing ID PW20210098
Year Built 1950
Lot Size 0.460 Acres
Property Description
Tremendous investment opportunity in Palm Springs! Six-unit apartment building with consistent rental income, located West of Palm Canyon Drive and within walking distance to downtown. Property has excellent potential for redevelopment. Recent changes to State law would allow construction of up to two ADUs (Accessory Dwelling Units) in addition to the redevelopment of the existing six units on the property. Contact listing agent for additional information. Buyers to confirm with the city regarding zoning and development potential. All information not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk property without permission.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Zoning RGA
Interior
Heating Combination, Forced Air
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Gravel, On Site, Unassigned
Pool None
Community Features Biking, Curbs, Sidewalks
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N Yes
View Mountain(s)
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
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Bought with Chris Menrad • Compass
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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