7 Beds
7 Baths
5,500 SqFt
7 Beds
7 Baths
5,500 SqFt
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $227
Subdivision Chino Canyon
MLS Listing ID 219152788
Bedrooms 7
Full Baths 7
HOA Y/N No
Year Built 1946
Lot Size 5,227 Sqft
Property Sub-Type Apartment
Property Description
This 8-unit mixed-use property consists of 7 residential units plus 1 commercial storefront, offering a strong combination of current income and additional upside. Several of the units have undergone substantial remodeling along with a renovated commercial storefront. The property features excellent street frontage, private patios for the residential units, six ground-floor residences, and one upstairs unit.
The current rent roll demonstrates the property's ability to command strong rents and still has upside potential.
Located along one of Palm Springs' primary commercial corridors, this property presents an attractive opportunity for an investor seeking strong in-place rents, remodeled units, mixed-use income, and additional value add opportunities. Excellent visibility, established residential tenancy, and continued upside make this a compelling Palm Springs investment.
Location
State CA
County Riverside
Area 331 - Palm Springs North End
Interior
Heating Central
Cooling Air Conditioning, Ceiling Fan(s), Central Air
Fireplace false
Exterior
View Y/N true
View Mountain(s)
Private Pool No
Building
Story 2
Entry Level Two
Sewer In, Connected and Paid
Level or Stories Two
Others
Senior Community No
Acceptable Financing 1031 Exchange, Cash, Cash to New Loan, Conventional
Listing Terms 1031 Exchange, Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Schools and Properties Nearby