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Listed by BRIAN DROZE • BPO HOMES INC.
$1,199,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIG25076428
Style Bungalow
Year Built 1936
Lot Size 6,098 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Introducing a unique investment opportunity awaited by astute investors and developers alike. A charming quadraplex, minimal maintenance property, with few operating expenses, nestled in the scenic neighborhood of Palm Springs. This property boasts a diverse unit mix, including one spacious 2-bedroom, 1-bath unit, two comfortable 1-bedroom, 1-bath units, and one extra-large studio with one bathroom and a separate kitchen. These units combine ample living space with functional design that maximizes space and comfort. Each unit has its own washer & dryer and electric meter. Parking is never an issue, with assigned parking for each tenant. This quadraplex is not just a place to live, it is an investment in comfort and convenience, promising long-term rental income prospects and immediate returns with a Cap rate of about 7. Location is the ace in the hole for this property! Centrally located to several golf courses nearby for convenience, and popular courses a bit farther out. A short stroll away is the Ramon at Indian Canyon bus station, placing convenience right on your tenant's doorstep. The Grocery Outlet is a mere stone's throw away for your grocery runs. Tahquitz Canyon offers acres of natural beauty that is less than a mile away for those moments when grounding calls. I
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Rooms
Kitchen Dishwasher, Other, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Other, Wall Furnace , Central Forced Air
Cooling Central AC, Other, Window / Wall Unit
Flooring Laminate
Laundry Washer, Washer/Dryer - Owned, Dryer
Exterior
Pool 31, None
View Hills, Local/Neighborhood
Building
Story One Story
Foundation Brick / Mortar Perimeter, Concrete Perimeter
Water District - Public
Architectural Style Bungalow
Others
Tax ID 508124012
Special Listing Condition Not Applicable
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