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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
Broker Associate | License ID: 01707848 NMLS: 908256
Broker Associate License ID: 01707848 NMLS: 908256