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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Tahquitz River Estat
MLS Listing ID 219076447PS
Sold Date 05/11/22
Construction Status Fixer
HOA Y/N No
Year Built 1977
Lot Size 8,276 Sqft
Property Description
Casa Montabello is a multi-family dwelling featuring 4-units located in one of the best locations in Palm Springs where everything is happening. Steps from the newly developed Cody Place and many other ongoing real estate projects. Just the right location for an investor. Most relevant and recent exterior upgrades include a 2021 Owned solar system with an approx. value of $114,000, and dual-pane windows throughout. Tall gated stucco walls and mature landscape enhance the privacy and serene atmosphere. Unit 1 comprises of 2BDR-1BA with a cozy fireplace and wrap-around patio with water feature. Unit 2 and 3 each feature 1BDR-1BA and expansive outdoor private patio which could be re-configured to allow tenants to still have private patios plus room for a community splash pool or spa (currently no pool or spa). Unit 4 features 1BDR + office space, two baths and a large wrap-around private patio. Except for Unit 1, the property is ready for your vision and upgrades, with endless possibility and room for rental income growth. All tenants are on Month-to-Month lease agreements, ideal for an investor that is planning to redesign the complex. All units come with kitchen and appliances and are unfurnished. Washer and dryer are located in the community laundry room with access to a large Owner storage room. Off-street parking for each unit. Fully leased on Month to Month, please do not disturb tenants. Amazing rental potential or a great family compound opportunity.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning R-2
Interior
Interior Features Recessed Lighting
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplaces Type Living Room, Masonry
Fireplace Yes
Appliance Gas Range, Gas Water Heater, Refrigerator, Vented Exhaust Fan, Water Heater
Exterior
Garage Side By Side
Community Features Gated
View Y/N No
Roof Type Composition
Parking Type Side By Side
Total Parking Spaces 5
Private Pool No
Building
Lot Description Landscaped, Level, Paved, Rectangular Lot, Yard
Story 1
Entry Level One
Foundation Slab
Architectural Style Mediterranean, Ranch
Level or Stories One
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 508291004
Security Features Gated Community
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Sandra Quinn • Berkshire Hathaway HomeServices California Properties