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Key Details
Sold Price $1,725,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,152 sqft
Price per Sqft $334
Subdivision Twin Palms
MLS Listing ID 219110045
Sold Date 06/28/24
Style Contemporary,Mid Century,Modern
Bedrooms 8
Full Baths 8
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 - Palm Springs South End
Interior
Heating Central, Forced Air, Other
Cooling Air Conditioning, Ceiling Fan(s), Central Air, Other
Fireplace false
Exterior
Pool Community, Gunite, In Ground
Utilities Available Cable Available
View Y/N true
View Mountain(s), Panoramic, Pool
Private Pool Yes
Building
Lot Description Front Yard, Landscaped, Rectangular Lot, Corner Lot, Near Public Transit
Story 1
Entry Level Ground,Ground Level, No Unit Above
Sewer In, Connected and Paid
Architectural Style Contemporary, Mid Century, Modern
Level or Stories Ground, Ground Level, No Unit Above
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