Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please do not disturb tenants. Strong cash flow potential. For showings contact listing agents.
Sold for $1,400,000 on 12/23/22
Street View
Listing Provided by:
Scott Timberlake DRE #01257645 760-327-8000,
Realty Trust,
Sandra Quinn DRE #01391280 760-861-5150,
Berkshire Hathaway HomeServices California Properties
$1,400,000
832 Riverside Pl, Palm Springs, CA 92264
--beds
--baths
--sqft
Multi Family
Built in 1952
-- sqft lot
$1,434,100 Zestimate®
$--/sqft
$2,823 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 13, 2025 at 05:23pm
Listing Provided by:
Scott Timberlake DRE #01257645 760-327-8000,
Realty Trust,
Sandra Quinn DRE #01391280 760-861-5150,
Berkshire Hathaway HomeServices California Properties
Bought with:
Laurie Ridgeway, DRE #01394645
HomeSmart
Source: CRMLS,MLS#: 219086115PS
Originating MLS: California Desert AOR & Palm Springs AOR
Originating MLS: California Desert AOR & Palm Springs AORFacts & features
Interior
Heating
- Central, Forced Air, Natural Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater
Features
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Living Room, Masonry
Property
Parking
- Total spaces: 11
- Parking features: Side By Side, Unassigned
- Uncovered spaces: 11
Features
- Levels: One
- Stories: 1
- Has private pool: Yes
- Pool features: In Ground, Tile
- Has view: Yes
Lot
- Size: 0.39 Acres
- Features: Cul-De-Sac, Lawn, Landscaped, Level, Paved
Details
- Parcel number: 508181011
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Slab
- Roof: Flat,Foam
Condition
- Fixer
- New construction: No
- Year built: 1952
Community & neighborhood
Security
- Security features: Gated Community
Community
- Community features: Gated
Location
- Region: Palm Springs
- Subdivision: Tahquitz River Estat
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Services availability
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