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Key Details
Sold Price $760,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Gateway Highlands (33107)
MLS Listing ID OC22258562
Sold Date 01/20/23
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1960
Lot Size 6,969 Sqft
Property Description
Welcome to this fully remolded, mid century pool home. This home has been reimagined from top to bottom with a brand new open concept kitchen, all new windows and sliders, brand new hvac, new recessed lights, new bathrooms, new tile flooring, new landscape, and best of all a brand new pool and spa. The home is situated in Palm Springs newest up and coming neighborhood that features some of the best views the town has to offer. The house even has views of the famous Wind Farms. For the investor looking for an amazing return, you will not find a better deal in Palm Springs. The property is projected to gross 6 figures a year as a full time short term rental. With several other successful short term rentals in this neighborhood, including one that grossed 170k last year, incredible views, fantastic finishes and amenities, close proximity to downtown, and no HOA or land lease, this is one of the best turnkey vacation rental options currently on the market. The neighborhood is rapidly changing, there are dozens of flips and new construction starts happening all throughout the neighborhood. And with the Miralon community being built just on the other side of Indian Canyon, big money is certainly taking notice of the area. This is the last affordable neighborhood in Palm Springs and with gentrification happening quickly, including a recent 7 figure sales in this neighborhood, future appreciation is looking strong. For the investor looking to maximize their ROI, or for the full time resident looking for an affordable Palm Springs home, this is the one. Best of all it can be sold turn key furnished.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Zoning R2
Rooms
Main Level Bedrooms 3
Ensuite Laundry Laundry Room
Interior
Interior Features All Bedrooms Down
Laundry Location Laundry Room
Heating None
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Pool Private
Community Features Street Lights
View Y/N Yes
View Mountain(s)
Private Pool Yes
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Palm Springs Unified
Others
Senior Community No
Tax ID 669384005
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Valerie Alexander • Compass
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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605