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13700 Mesquite Avenue

Desert Hot Springs, CA 92240
  • $768,000
  • STATUS: Active
  • ON SITE: 126 Days
  • MLS #: OC22011246
UPDATED: 48 min ago
$768,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

Listing Agent(s): Osvaldo Beltran of Keller Williams-La Quinta (760-601-3000)


Description

Wonderful opportunity to own income property. pool! short term rentals ok! Triplex, 8 BD/6 BTH total. Live in one rent 2 or rent 3 and generate wealth. Current owner has been using one of the units for personal use. This property has 2 units on a lot and 1 unit on a separate lot, & there are 3 addresses. Properties are sold together. Do not miss your opportunity to buy in a great neighborhood of DHS. 2 units are 3 beds 2 baths w/ 2 car garage and 1 unit is 2 beds and 2 baths with 1 car garage. Each unit has its own address, utility meters and yards.Units have a gated yard.Check out 3d Virtual tour link. Short Term Rental potential. Units not attached, 1 pool behind one of the 3 bedroom units. Based on pro-forma rents cap rate could be over 6%. This one is a must see, essentially 3 separate homes on a double lot. Near shopping centers, school and Two Bunch Palms Hotel and Spa Hot Mineral resort. Minutes away from downtown Palm Springs. Many events and festivals year round, Coachella Fest, Stage Coach, Indian Wells Tennis Tournaments, Golf tournaments, Hockey stadium in construction, makes the Palm Springs area a hot spot for opportunity. Short term rentals ok! buy rent all long term, live in 1 and rent 2 or rent it short term or seasonal. 3 separate buildings, do not touch each other. Properties sit on 2 parcels. All units have separate meters, gas, electric, water and are connected to sewer.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-27T11:30:14.26. 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 Brad Schmett Real Estate Group. Licensed in the State of California, USA.
www.bradschmett.net/homes/124923501
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13700 Mesquite Avenue Desert Hot Springs, CA 92240

  • Price: $768,000
  • Status: Active
  • On Site: 126 Days
  • Updated: 48 min ago
  • MLS #: OC22011246
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1985
Built
Neighborhood:
Other (Othr)
County:
Riverside
Area:
340 - Desert Hot Springs
Property Description
Wonderful opportunity to own income property. pool! short term rentals ok! Triplex, 8 BD/6 BTH total. Live in one rent 2 or rent 3 and generate wealth. Current owner has been using one of the units for personal use. This property has 2 units on a lot and 1 unit on a separate lot, & there are 3 addresses. Properties are sold together. Do not miss your opportunity to buy in a great neighborhood of DHS. 2 units are 3 beds 2 baths w/ 2 car garage and 1 unit is 2 beds and 2 baths with 1 car garage. Each unit has its own address, utility meters and yards.Units have a gated yard.Check out 3d Virtual tour link. Short Term Rental potential. Units not attached, 1 pool behind one of the 3 bedroom units. Based on pro-forma rents cap rate could be over 6%. This one is a must see, essentially 3 separate homes on a double lot. Near shopping centers, school and Two Bunch Palms Hotel and Spa Hot Mineral resort. Minutes away from downtown Palm Springs. Many events and festivals year round, Coachella Fest, Stage Coach, Indian Wells Tennis Tournaments, Golf tournaments, Hockey stadium in construction, makes the Palm Springs area a hot spot for opportunity. Short term rentals ok! buy rent all long term, live in 1 and rent 2 or rent it short term or seasonal. 3 separate buildings, do not touch each other. Properties sit on 2 parcels. All units have separate meters, gas, electric, water and are connected to sewer.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Fencing Chain Link Foundation Details Slab Number Of Separate Electric Meters 3 Open Parking Spaces 4 Parking Features DrivewayGarageRv Access/Parking Parking Total 9 Pool Features Private Pool Private YN Yes Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View Mountain(S) View YN Yes

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTile Heating Central Heating YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Current Financing None Garage YN Yes Gross Income 0 Gross Scheduled Income 33600 Insurance Expense 1224 Land Lease YN No Laundry Features In Garage Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalFhaVa Loan Net Operating Income 22054 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 2 Operating Expense 11546 Other Expense 6538 Pool Expense 1920 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 1675 Trash Expense 664 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Source Public Zoning R2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-27T11:30:14.26. 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 Brad Schmett Real Estate Group. Licensed in the State of California, USA.
 
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Brad Schmett Real Estate Group
760-880-5845
La Quinta and Palm Springs CA,
Listing Agent(s): Osvaldo Beltran of Keller Williams-La Quinta (760-601-3000)