583 S Calle Abronia

    Palm Springs, CA 92264
    • $562,500
    • STATUS: Active
    • ON SITE: 316 days
    • ID#: 18372424PS
    UPDATED: 40 min ago
    $562,500
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,700
      SQFT
    • $208
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    Price Reduction. This 4-unit property is located within one of Palm Springs' most popular rental areas, Warm Sands. Located in the south end of PS, it is walking distance to restaurants, sites and night life. This is a quiet street predominantly composed of rental units. This property includes a good rental mix of 1-2 bedroom unit, 2-1 bedroom units, and a large studio. But could be considered as possible single home conversion plus rental income. Property is low maintenance w/few monthly expenses. Currently all units are rented. Separate electrical meters. Two bldgs constructed 1936 and 1957. Tenants are aware of the listing, but they represent an asset, please do not disturb the occupants. See attached docs for financial info.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T15:41:33.05. 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. Licensed in the State of California, USA.
    www.bestsocalhomesearch.com/homes/86490457

    583 S Calle Abronia Palm Springs, CA 92264

    • Price: $562,500
    • Status: Active
    • Updated: 40 min ago
    • ID#: 18372424PS
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,700
    SQFT
    $208
    $/SQFT
    1936
    Built
    Neighborhood:
    Warm Sands (7100)
    County:
    Riverside
    Area:
    334 - South End Palm Springs
    Property Description
    Price Reduction. This 4-unit property is located within one of Palm Springs' most popular rental areas, Warm Sands. Located in the south end of PS, it is walking distance to restaurants, sites and night life. This is a quiet street predominantly composed of rental units. This property includes a good rental mix of 1-2 bedroom unit, 2-1 bedroom units, and a large studio. But could be considered as possible single home conversion plus rental income. Property is low maintenance w/few monthly expenses. Currently all units are rented. Separate electrical meters. Two bldgs constructed 1936 and 1957. Tenants are aware of the listing, but they represent an asset, please do not disturb the occupants. See attached docs for financial info.
    Exterior Features

    Direction Faces East Entry Location Ground Level Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking SpaceDriveway Parking YN Yes Pool Features None Pool Private YN No Roof See RemarksComposition

    Interior Features

    Appliances Built-In RangeRefrigeratorGas & Electric RangeMicrowaveDishwasher Appliances YN Yes Common Walls No Common Walls Cooling Evaporative Cooling Cooling YN Yes Flooring TileSee Remarks Laundry Features Dryer IncludedOutsideWasher Included Room Type Main Floor Bedroom

    Property Features

    Exclusions Buyer To Verify Square FootagePermitsFinancials Etc. Gross Multiplier 15.00 Gross Operating Income 37500.00 Gross Scheduled Income 37500.00 Improvements Amount 314666 Insurance Expense 1442.00 Land Lease Amount Frequency See Remarks Land Lease YN No Land Value 180150 Laundry YN Yes Licenses Expense 176.00 Net Operating Income 34932.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Dishwasher 1 Number With Range 4 Number With Refrigerator 4 Operating Expense 30.00 Property Condition Building PermitAdditions/Alterations Security Features Gated CommunitySmoke Detector(S) Special Listing Conditions Standard Subdivision Name Other Warm Sands (7100) Tenant Pays ElectricityCable TvGas Total Expenses 2568.00 Trash Expense 260.00 Water Sewer Expense 660.00 Zoning R2

    Listing provided courtesy of Greg Gray of Homesmart Professionals and Tim Welberry of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T15:41:33.05. 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. Licensed in the State of California, USA.
     
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