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    476 E Chuckwalla Road

    Palm Springs, CA 92262
    • $995,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: CV20263454
    UPDATED: 58 min ago
    $995,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,605
      SQFT
    • $276
      $/SQFT
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    We are pleased to present 476 E. Chuckwalla Road in the highly sought after city of Palm Springs. The property offers a unique unit mix ranging from (1) 2 Bedroom, (2) 1 Bedroom, and (3) Studio Units. The lot contains a desirable single-story constructed building with an elegant courtyard common area with xeriscape landscaping. Each unit also offers a private backyard for the tenants as well as plenty of onsite parking in the front of the lot. Tenants enjoy a coin-operated onsite laundry facility as well as central heating and A/C. Units have been upgraded with newer flooring, kitchens, and bathrooms. The demand for rentals in Palm Springs has outpaced supply over the years and this contributes to a growing rental market and rental rate. An investor will enjoy a solid current cash flow upon the successful close of escrow and opportunity for significant upside.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T08:24:59.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112924681
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    476 E Chuckwalla Road Palm Springs, CA 92262

    • Price: $995,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: CV20263454
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    3,605
    SQFT
    $276
    $/SQFT
    1959
    Built
    Neighborhood:
    Central Palm Springs (33215)
    County:
    Riverside
    Area:
    332 - Central Palm Springs
    Property Description
    We are pleased to present 476 E. Chuckwalla Road in the highly sought after city of Palm Springs. The property offers a unique unit mix ranging from (1) 2 Bedroom, (2) 1 Bedroom, and (3) Studio Units. The lot contains a desirable single-story constructed building with an elegant courtyard common area with xeriscape landscaping. Each unit also offers a private backyard for the tenants as well as plenty of onsite parking in the front of the lot. Tenants enjoy a coin-operated onsite laundry facility as well as central heating and A/C. Units have been upgraded with newer flooring, kitchens, and bathrooms. The demand for rentals in Palm Springs has outpaced supply over the years and this contributes to a growing rental market and rental rate. An investor will enjoy a solid current cash flow upon the successful close of escrow and opportunity for significant upside.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/AcreLot 10000-19999 SqftNo LandscapingYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Common Area Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.03 Community Features CurbsGolfSidewalksStorm DrainsStreet Lights Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 73890.00 Gross Scheduled Income 73980.00 Insurance Expense 1622.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 900.00 Laundry YN Yes Maintenance Expense 3000.00 Net Operating Income 50018.00 New Construction YN No New Taxes Expense 11940.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 21742.00 Other Expense 900.00 Other Expense Description Reserves Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Central Palm Springs (33215) Tenant Pays Electricity Total Expenses 21742.00 Trash Expense 1728.00 Utilities Sewer ConnectedWater Connected Vacancy Allowance 2219 Vacancy Allowance Rate 3.00 Water Sewer Expense 1400.00 Water Source Public Year Built Source Assessor Zoning R2

    Listing provided courtesy of Kristopher German of Re/Max 2000


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T08:24:59.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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