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Key Details
Sold Price $975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219088741DA
Sold Date 03/01/23
HOA Y/N No
Year Built 1965
Lot Size 10,454 Sqft
Property Description
Unique 10-unit apartment building with 9-studio units and one 1-1bd/1ba unit, complete with an interior pool surrounded by units and fully enclosed. Talk about privacy! Eight of the units are rented long term with all tenants on month-to month leases and two of the studio units have been rented out as short term vacation rentals with AirBnB. There are a number of variations on ownership opportunities here: Of course, it could continue as operated, or an owner could live in one unit and rent out the others with the choice of any combination of long term and short term vacation rentals. Income, expenses and the rent roll is available upon request indicating a CAP rate of 6.45% under new ownership. Also available upon request are details of the AirBnB units as well as Income Summary Statements for those units. Don't miss out on this unique opportunity.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Electric, Forced Air, Natural Gas, Wall Furnace
Cooling Central Air, Evaporative Cooling, Wall/Window Unit(s)
Flooring Tile
Fireplace No
Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water To Refrigerator, Water Heater
Exterior
Garage Side By Side, Unassigned
Pool Gunite, In Ground
View Y/N No
Roof Type Composition
Parking Type Side By Side, Unassigned
Total Parking Spaces 8
Private Pool Yes
Building
Story 1
Entry Level One
Foundation Slab
Level or Stories One
Others
Senior Community No
Tax ID 639322014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605