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Key Details
Sold Price $1,725,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Twin Palms
MLS Listing ID 219110045PS
Sold Date 06/28/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1975
Lot Size 0.340 Acres
Property Description
Rare opportunity to acquire a well maintained successfully established income property in one of the most desirable locations of South Palm Springs. This modern 6-Unit Courtyard complex (Two 2BDR-2BA and Four 1BDR-1BA) fully occupied with remarkable rental history and high cash-flow, offers stability for any type of investor, first-time purchaser, investors seeking to diversify their portfolio or execute a 1031 exchange. Nestled in the serene Twin Palms neighborhood, the complex features a private and peaceful environment, modern architecture with tall ceilings, stunning mountain views, a private central sparkling pool & spa and manicured landscape. The well-designed layout of each unit provides ample space and flexibility to accommodate a wide range of living arrangement. All separately metered, and with assigned off-street parking, and four units featuring private patios. Among the most recent updates in recent years, four of the six units were renovated with contemporary finishes, quartz countertops, stainless steel appliances, modern showers and more. The roof of unit E was completely redone in 2022, and the L-shaped roof was serviced throughout. The pool decking was redone in 2022. This 6-Unit complex showcases attention to details in every aspect of its maintenance. Its location offers convenient access to renowned dining, shopping, and entertainment options. The property has high rental income with potential for further revenue growth. You Own the Land!
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Interior Features Cathedral Ceiling(s), High Ceilings
Heating Central, Forced Air
Cooling Central Air
Flooring Carpet, Tile
Fireplace No
Appliance Dishwasher, Disposal, Gas Range, Refrigerator, Water Heater
Exterior
Garage Assigned, Other
Pool Community, Gunite, Gas Heat, In Ground
Community Features Pool
View Y/N Yes
View Mountain(s), Panoramic
Parking Type Assigned, Other
Total Parking Spaces 9
Private Pool Yes
Building
Lot Description Corner Lot, Front Yard, Landscaped, Near Public Transit, Rectangular Lot
Story 1
Entry Level One
Foundation Slab
Architectural Style Contemporary, Modern
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 511054006
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Bought with Leith Chandrasena • Thunderbird Realty
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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605