$817,000
$849,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
7,501 Sqft Lot
SOLD DATE : 07/08/2015
Key Details
Sold Price $817,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tennis Club
MLS Listing ID 15895599PS
Sold Date 07/08/15
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1956
Lot Size 7,501 Sqft
Property Description
Prime investment or live-in opportunity! Located in the prestigious Tennis Club neighborhood of downtown Palm Springs, this impeccably maintained Mid-Century modern building features 1-2 bedroom, 2-1 bedroom, & 1 studio units. A sparkling pool, beautiful gardens & amazing mountain views add to the beauty of this golden 4-unit property. Gross Rent of $59,100 and Net Income of $34,531. The spacious 2-bedroom unit has been tastefully renovated with beautiful tile throughout, raised granite counter tops in the kitchen & baths, high-end appliances & wood-burning fireplace in the living room. The other units include two 1 bedrooms each with a remodeled bath & private mountainside patio; & a large studio with eat-in kitchen & restored vintage cabinetry. Each unit has exposed wood, tongue & groove, vaulted ceilings. Tenant perks include free laundry & off-street parking. This gated Mid-Century complex sits below the world famous Frey house & is just a short walk to restaurants & downtown.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Zoning 1OGB82Z9HAAU
Interior
Heating Forced Air
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile
Fireplaces Type Family Room
Fireplace Yes
Appliance Dishwasher, Refrigerator, Water Heater
Exterior
Garage Assigned, Permit Required
Carport Spaces 4
Pool In Ground
View Y/N Yes
View Mountain(s)
Parking Type Assigned, Permit Required
Total Parking Spaces 4
Private Pool Yes
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 513580060
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Bought with Shane Wilson • Bennion Deville Homes