Palm Springs, CA 92264,1900 S Camino Real
Palm Springs, CA 92264,1900 S Camino Real
Palm Springs, CA 92264,1900 S Camino Real
$1,725,000
Est. payment /mo
Est.Price: ?

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0.34 Acres Lot
SOLD DATE : 06/28/2024

Key Details

Sold Price $1,725,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Twin Palms

MLS Listing ID 219110045PS

Year Built 1975

Lot Size 0.340 Acres

Property Description

Rare opportunity to acquire a well maintained successfully established income property in one of the most desirable locations of South Palm Springs. This modern 6-Unit Courtyard complex (Two 2BDR-2BA and Four 1BDR-1BA) fully occupied with remarkable rental history and high cash-flow, offers stability for any type of investor, first-time purchaser, investors seeking to diversify their portfolio or execute a 1031 exchange. Nestled in the serene Twin Palms neighborhood, the complex features a private and peaceful environment, modern architecture with tall ceilings, stunning mountain views, a private central sparkling pool & spa and manicured landscape. The well-designed layout of each unit provides ample space and flexibility to accommodate a wide range of living arrangement. All separately metered, and with assigned off-street parking, and four units featuring private patios. Among the most recent updates in recent years, four of the six units were renovated with contemporary finishes, quartz countertops, stainless steel appliances, modern showers and more. The roof of unit E was completely redone in 2022, and the L-shaped roof was serviced throughout. The pool decking was redone in 2022. This 6-Unit complex showcases attention to details in every aspect of its maintenance. Its location offers convenient access to renowned dining, shopping, and entertainment options. The property has high rental income with potential for further revenue growth. You Own the Land!

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Interior

Heating Central, Forced Air

Cooling Central Air

Flooring Carpet, Tile

Exterior

Parking Features Assigned, Other

Pool Community, Gunite, Gas Heat, In Ground

Community Features Pool

View Y/N Yes

View Mountain(s), Panoramic

Building

Lot Description Corner Lot, Front Yard, Landscaped, Near Public Transit, Rectangular Lot

Story 1

Foundation Slab

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Luca Volpe • Realty Trust
Bought with Leith Chandrasena • Thunderbird Realty

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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