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2685 N Junipero AVE Palm Springs, CA 92262
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Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Chino Canyon
MLS Listing ID 219069430DA
Sold Date 12/14/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1964
Lot Size 0.260 Acres
Property Description
Nicely renovated and upgraded Fourplex property located in the Little Tuscany neighborhood of Chino Canyon in Palm Springs is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is currently vacant, however it can be sold fully occupied with all tenants on one-year leases or otherwise, if negotiated. The property has been under Property Management and rents have been confirmed for the current market rate with a projected CAP rate of 5.37%, possibly higher. The original plan was to immediately rent all units, which are in high demand, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, including short term vacation rentals, keeping one unit or more for personal or family use or simply having control over who you wish to rent for and for what terms. A List of Upgrades and Renovation Work, Floor Plans, Income, Operating Expenses and projected Rent Roll available upon request.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Interior
Heating Central, Natural Gas
Cooling Central Air
Flooring Tile
Fireplace No
Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Vented Exhaust Fan, Water Heater
Exterior
Parking Features Other, Side By Side
View Y/N No
Roof Type Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, Level
Story 1
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 504072008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Shane Zuspan • Fathom Realty Group Inc.