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0 Desert View AVE Desert Hot Springs, CA 92240
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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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