$499,900
$509,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 08/25/2020
Key Details
Sold Price $499,900
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Colony El Mirador (33217)
MLS Listing ID OC20072316
Sold Date 08/25/20
HOA Y/N No
Year Built 1951
Annual Tax Amount $3,835
Lot Size 10,890 Sqft
Property Description
Thanks for looking! This is a mid century (1951) Art Deco building. Four large studios on a 1/4 acre lot! Centrally located near everything Palm Springs has to offer. A waiting list for new tenants. Long term tenants, Two over seven years! Wonderfully maintained by the local owner with many upgrades. The east part of the parcel has room for a pool or (check with the city) ability to build a sfr residence. Possibly more with a P.S. variance. Separate electrical meters. Lots of uncovered parking. Impeccable interiors and outside landscape.
Laundry room, machines conveyed with title. Similar properties have rents near $1,000 per month. Please check the financing option. With 30% and a well qualified purchaser, owner MAY do an installment sale and finance for 15 years.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Zoning R2
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling High Efficiency, Wall/Window Unit(s)
Flooring Tile
Fireplace No
Appliance Disposal, Gas Range, Gas Water Heater, Dryer, Washer
Laundry Common Area
Exterior
Pool None
Community Features Storm Drain(s), Street Lights
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Elastomeric,See Remarks
Private Pool No
Building
Lot Description 2-5 Units/Acre, Sprinkler System
Story 1
Entry Level One
Foundation Concrete Perimeter, Slab
Sewer Sewer Tap Paid
Water Public
Architectural Style Mid-Century Modern
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 507041013
Energy Description 500.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Owner May Carry, Submit
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Carl Mitrak • Re/Max Consultants
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "