735 S Riverside Drive

    Palm Springs, CA 92264
    • $775,000
    • STATUS: Active Under Contract
    • ON SITE: 28 days
    • ID#: 18346684PS
    Under Contract
    UPDATED: 61 min ago
    $775,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Mid Century four unit apartment building located in the desirable area of Tahquitz River Estates, within walking distance to everything Palm Springs has to offer. The building was legally converted from five units to four units with permits. The four units consist of 1 3 bed/2 bath (owners), 1 2 bed/1 bath and 2 1 bed/1 bath. The 3 bed/2 bath possibly could be converted back to two units of 2 bed/1 bath and 1 bed/1 bath. Please confirm with the City of Palm Springs. Great opportunity for owner use or investor with great upside potential. Please do not disturb the tenants or enter property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T18:30:27.813. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83887020

    735 S Riverside Drive Palm Springs, CA 92264

    • Price: $775,000
    • Status: Active Under Contract
    • Updated: 61 min ago
    • ID#: 18346684PS
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    Tahquitz River Estat (7000)
    County:
    Riverside
    Area:
    334 - South End Palm Springs
    Property Description
    Mid Century four unit apartment building located in the desirable area of Tahquitz River Estates, within walking distance to everything Palm Springs has to offer. The building was legally converted from five units to four units with permits. The four units consist of 1 3 bed/2 bath (owners), 1 2 bed/1 bath and 2 1 bed/1 bath. The 3 bed/2 bath possibly could be converted back to two units of 2 bed/1 bath and 1 bed/1 bath. Please confirm with the City of Palm Springs. Great opportunity for owner use or investor with great upside potential. Please do not disturb the tenants or enter property.
    Exterior Features

    Carport Spaces 1.00 Construction Materials Stucco Direction Faces North Entry Location Ground Level No Steps Garage Spaces 0.00 Lot Size Units Square Feet Parking Features UncoveredDriveway Parking Total 1.00 Parking YN Yes Pool Features In GroundFenced

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Evaporative Cooling YN Yes Levels One

    Property Features

    Country Us Gross Multiplier 0.00 Gross Operating Income 16500.00 Improvements Amount 286477 Insurance Expense 158.00 Land Lease YN No Land Value 79574 Net Operating Income 2244.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 2 Number With Patio 4 Number With Range 3 Number With Refrigerator 3 Pool Expense 150.00 Property Condition Building Permit Special Listing Conditions Standard Subdivision Name Other Tahquitz River Estat Total Actual Rent 16500.00 Total Expenses 14256.00 Trash Expense 115.00 Water Sewer Expense 60.00 Zoning R3

    Listing provided courtesy of Gregory Browne of Bennion Deville Homes.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T18:30:27.813. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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