Palm Springs, CA 92264,145 E Mesquite AVE
Palm Springs, CA 92264,145 E Mesquite AVE
Palm Springs, CA 92264,145 E Mesquite AVE
$1,100,000
Est. payment /mo
$1,345,000
18.2%
Est.Price: ?

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5 Beds
5 Baths
2,967 SqFt
SOLD DATE : 05/11/2022

Key Details

Sold Price $1,100,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,967 sqft

Price per Sqft $370

Subdivision Tahquitz River Estates

MLS Listing ID 219076447

Sold Date 05/11/22

Style Mediterranean,Ranch

Bedrooms 5

Full Baths 4

Half Baths 1

HOA Y/N No

Year Built 1977

Lot Size 8,276 Sqft

Property Description

Casa Montabello is a multi-family dwelling featuring 4-units located in one of the best locations in Palm Springs where everything is happening. Steps from the newly developed Cody Place and many other ongoing real estate projects. Just the right location for an investor. Most relevant and recent exterior upgrades include a 2021 Owned solar system with an approx. value of $114,000, and dual-pane windows throughout. Tall gated stucco walls and mature landscape enhance the privacy and serene atmosphere. Unit 1 comprises of 2BDR-1BA with a cozy fireplace and wrap-around patio with water feature. Unit 2 and 3 each feature 1BDR-1BA and expansive outdoor private patio which could be re-configured to allow tenants to still have private patios plus room for a community splash pool or spa (currently no pool or spa). Unit 4 features 1BDR + office space, two baths and a large wrap-around private patio. Except for Unit 1, the property is ready for your vision and upgrades, with endless possibility and room for rental income growth. All tenants are on Month-to-Month lease agreements, ideal for an investor that is planning to redesign the complex. All units come with kitchen and appliances and are unfurnished. Washer and dryer are located in the community laundry room with access to a large Owner storage room. Off-street parking for each unit. Fully leased on Month to Month, please do not disturb tenants. Amazing rental potential or a great family compound opportunity.

Location

State CA

County Riverside

Area 334 - Palm Springs South End

Zoning R-2

Interior

Heating Central, Wall Furnace, Other

Cooling Ceiling Fan(s), Central Air, Wall/Window Unit(s)

Fireplaces Number 1

Fireplaces Type Brick, Living Room

Fireplace true

Exterior

Exterior Feature Solar System Owned

View Y/N false

Private Pool No

Building

Lot Description Landscaped, Level, Rectangular Lot, Private

Story 1

Entry Level One

Sewer In, Connected and Paid

Architectural Style Mediterranean, Ranch

Level or Stories One

Schools

School District Palm Springs Unified

Others

Senior Community No

Acceptable Financing 1031 Exchange, Cash, Cash to New Loan

Listing Terms 1031 Exchange, Cash, Cash to New Loan

Special Listing Condition Standard

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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Realty Trust

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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