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Diego Magdaleno

1Vision Real Estate

diego@1visionproperties.com +1(714) 376-8652

$1,800,000

Est. payment - /mo

0.39 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Central Palm Springs

MLS Listing ID 219127694DA

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1963

Lot Size 0.390 Acres

Property Description

Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Owner's unit can be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive-by but do not walk on the property.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Carpet, Tile

Fireplace No

Exterior

Parking Features Assigned, Side By Side

Pool Community, In Ground

Community Features Gated, Pool

Amenities Available Pet Restrictions

View Y/N Yes

View Mountain(s)

Roof Type Tar/Gravel

Total Parking Spaces 9

Private Pool Yes

Building

Story 1

Entry Level One

Foundation Slab

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 502163005

Security Features Gated Community

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Stephen Sullivan • Coldwell Banker Realty

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1777 E Arenas RD Palm Springs, CA 92262