22-unit opportunity located in the heart of Palm Springs! Located on two separate lots, each with their own APN # (507-151-011/012). Eight (8) bachelor units, eleven (11) studio units, and three (3) 1bed 1 bath units. Nice upside potential in rental income. The property provides a new investor with an excellent value-add opportunity with the ability to rehab the units and grounds. A savvy new investor could also add a resort like atmosphere with a pool, cabana, community room with gym and BBQ area.
MLS# | 20669726 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1964 |
Days On Site | 39 |
SQ Feet | 7,684 |
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Units | 22 |
Building(s) | 1 |
Area Information | |
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State | CA |
County | Riverside |
City | Palm Springs |
Zip Code | 92262 |
Area | 332 - Central Palm Springs |
Listing VS Median (in 92262) | |
Price: $1,970,000 low | high Med: $432,500 SqFt: 7,684 low | high Med: 1,745 $ / SqFt: $256 low | high Med: $258 On Site: 39 low | high Med: 84.5 |