$995,000
$995,000
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476 E Chuckwalla RD Palm Springs, CA 92262
3,605 SqFt
Key Details
Sold Price $995,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,605 sqft
Price per Sqft $276
Subdivision Central Palm Springs (33215)
MLS Listing ID CV20263454
Sold Date 03/16/21
HOA Y/N No
Year Built 1959
Lot Size 10,890 Sqft
Acres 0.25
Property Description
We are pleased to present 476 E. Chuckwalla Road in the highly sought after city of Palm Springs. The property offers a unique unit mix ranging from (1) 2 Bedroom, (2) 1 Bedroom, and (3) Studio Units. The lot contains a desirable single-story constructed building with an elegant courtyard common area with xeriscape landscaping. Each unit also offers a private backyard for the tenants as well as plenty of onsite parking in the front of the lot. Tenants enjoy a coin-operated onsite laundry facility as well as central heating and A/C. Units have been upgraded with newer flooring, kitchens, and bathrooms. The demand for rentals in Palm Springs has outpaced supply over the years and this contributes to a growing rental market and rental rate. An investor will enjoy a solid current cash flow upon the successful close of escrow and opportunity for significant upside.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Zoning R2
Rooms
Ensuite Laundry CommonArea
Interior
Interior Features AllBedroomsDown
Laundry Location CommonArea
Heating Central
Cooling CentralAir
Fireplace No
Laundry CommonArea
Exterior
Pool None
Community Features Curbs, Golf, StormDrains, StreetLights, Sidewalks
Utilities Available SewerConnected, WaterConnected
Private Pool No
Building
Lot Description Item610UnitsAcre, NoLandscaping, Yard
Sewer PublicSewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 507023012
Acceptable Financing Cash, CashtoNewLoan, Conventional, Item1031Exchange
Listing Terms Cash, CashtoNewLoan, Conventional, Item1031Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Al Rodriguez • Coldwell Banker Realty