MarketPier

580 S Desert View Drive - Palm Springs, CA 92264

$640,000
Listing Description

Great Opportunity to own a clean 4 unit Mid Century Complex in Palm Springs. Most of the units have been updated in the last 3 years. New Tile, new kitchen and bathroom fixtures, new lighting, new mini Split Heat/AC units. New Windows and doors. New Interior and exterior paint. Brand new roofs on entire building. This complex faces West and has a spectacular view of the San Jacinto Mountain Range. The Units are all 1 bedroom with the exception of the large 2 bedroom Unit #2. Rent them all or keep a big vacation residence for yourself and cover the overhead with tenant rentals. Fully Desert landscaped with lots of outdoor space for improvements. Ample off street parking and a fully walled in courtyard with a classic Retro Style make this a true Palm Springs Historic Gem. 13; Please Respect the Privacy of Occupants Drive By Only

Listing Information
MLS Number
IV18285130
APN/Parcel ID
680032005
Type
Multifamily
Sub Type
Multifamily
Building Size
3,100 sqft
Lot Size
10,200 sqft
Price / SQFT
$206
No Units
4
Price / Unit
$160,000
Gross Scheduled Income
$50,400
Expenses
$9,500
Total Expenses
$10,270
Net Income
$40,900
Cap Rate
6.30%
Listing Date
12/5/2018
Days Active
10
Last Updated
12/16/2018
Listing Provided By
WENDELL TURNER
ABSOLUTE ADVANTAGE REALTY
BRE# 01226922

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