Address
520 S Desert View Dr. Palm Springs, CA
Price
$ 900,000
Property Attributes
  • MLS#200043487
  • TypeMulti-Family
  • CountyRIVERSIDE
  • CityPalm Springs
  • AreaOut Of Area
  • NeighborhoodPalm Springs
  • Zip92264
  • Style2-4 UNITS
  • Price$ 900,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2800
Listing Provided Courtesy Of:
Voit Real Estate Services
Property Description

Best priced investment property in the Desert under $1,000,000. 5 units all 2 bedrooms. Every unit has a large private backyard. Every unit has laundry hook ups. Value-add opportunity with huge upside in rents. Current rents are practically half of market. Projected rents are +/- $1,400 per unit or more. Perfect for a value-add Buyer or client in a 1031 exchange. Projected 6 CAP and higher over time once the property is stabilized. This property is 5 legal units. The 5th unit is also a 2 bedroom, 1 bath units rented at $800. All tenants are month to month.

Price History
9/7/2020 Listed $900,000

General Features

CFD/Mello-Roos Fee 0.0
Community OUT OF AREA
Cooling Central Forced Air
Features Other/Remarks
Neighborhood Palm Springs
Other Fees 0.0
Roof Other/Remarks
Sale/rent For Sale
Security N/K
Senior Community Y/N N/K
Stories 1 Story
Terms Other/Remarks
Total Units 5
Year Built 1963

Interior Features

# Of Units W/dryers 5
# Of Units W/range/oven 5
# Of Units W/refrigerator 5
# Of Units W/washers 5
Unit 1 # Bedrooms 2
Unit 1 # Of Full Baths 1
Unit 1 # Total Baths 1
Unit 1 Estimated Sqft 700
Unit 1 Laundry Hook Ups Yes
Unit 2 # Bedrooms 2
Unit 2 # Of Full Baths 1
Unit 2 # Total Baths 1
Unit 2 Estimated Sqft 700
Unit 2 Laundry Hook Ups Yes
Unit 3 # Bedrooms 2
Unit 3 # Of Full Baths 1
Unit 3 # Total Baths 1
Unit 3 Estimated Sqft 700
Unit 3 Laundry Hook Ups Yes
Unit 4 # Bedrooms 2
Unit 4 # Of Full Baths 1
Unit 4 # Total Baths 1
Unit 4 Estimated Sqft 700
Unit 4 Laundry Hook Ups Yes
Units w/Cooling 5
Units w/Dishwashers 5

Exterior Features

# Of Units W/patios 5
Complex/park n/a
Exterior Stucco
Fencing Full
Lot Size Area 7, 500-10, 889 SF
Number of Buildings 1
Unit 1 Exclusive Use Yard Yes
Unit 2 Exclusive Use Yard Yes
Unit 3 Exclusive Use Yard Yes
Unit 4 Exclusive Use Yard Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92264

Price
AVG $180K
$900K
Visits
AVG 1
10
Year Built
AVG 1981
1963

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