Desert Hot Springs, CA 92240,0 Desert View AVE
Desert Hot Springs, CA 92240,0 Desert View AVE
Desert Hot Springs, CA 92240,0 Desert View AVE
5
$260,000
$259,900
Est.Price: ?

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6 BD
7 BA
3,000 SqFt

0 Desert View AVE Desert Hot Springs, CA 92240

Est. payment /mo
SOLD DATE : 08/05/2016

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Key Details

Sold Price $260,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $86

MLS Listing ID 216009990

Sold Date 08/05/16

Bedrooms 6

Full Baths 7

HOA Y/N No

Year Built 1988

Lot Size 0.300 Acres

Acres 0.3

Property Description

Excellent 6 unit income producing property on a double lot in a good Desert Hot Springs location with over 11.4% CAP rate. Above market returns. Many long terms tenants. Gross rents at $3556/month. 100% occupied; seller just completed upgrades in main house with a new tenant and lease. 2 bedroom, two bath main house on its own utility meters (gas and electric). Three one bedroom, one bath units and two studio units. Unit D has been converted to an office and could be converted back, making one of the studios into a one bedroom unit, thereby further increasing rents. Large parking lot area creating room for improvements, garages or storage for extra income. Located right near Palm Drive. Close to shopping and bus lines.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Natural Gas

Fireplace false

Exterior

Utilities Available Cable Available

View Y/N true

Private Pool No

Building

Entry Level Ground,Ground Level, No Unit Above

Sewer In, Connected and Paid

Level or Stories Ground, Ground Level, No Unit Above

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by HomeSmart

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Herman Singh

Broker

+1(310) 625-6175

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