Skip To Content

1965 S Camino Real

Palm Springs, CA 92264
  • $1,550,000
  • STATUS: Active Under Contract
  • ON SITE: 26 Days
  • MLS #: 24-454125
Under Contract
$1,550,000
  • 8
    BEDS
  • 0.37
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,590
    SQFT
  • $277
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1990
County:

School Ratings & Info

Description

Discover an exceptional investment opportunity for this first time on the market four-plex near the Ace Hotel in Twin Palms and close to downtown Palm Springs. This beautifully remodeled four-unit multifamily property is ideally situated, and features three spacious 2-bedroom, 2-bath units, each over 1,200 sq. ft. and one expansive 2-bedroom, 2-bath unit with two additional rooms, boasting over 1,800 sq. ft. Each unit has been meticulously updated with modern finishes and amenities, ensuring comfort and style. Relax by the sparkling pool or unwind in the landscaped outdoor area perfect for Palm Springs' sunny climate. There is a dedicated parking lot, offering convenience for residents, and is close to local attractions, dining, and shopping. Don't miss your chance to own a piece of paradise in Palm Springs! Buyer to comply with seller's 1031 exchange.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-11-13T23:43:03.58. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.bradschmett.net/homes/156896126
Print Image

1965 S Camino Real Palm Springs, CA 92264

  • Price: $1,550,000
  • Status: Active Under Contract
  • On Site: 26 Days
  • MLS #: 24-454125
8
Beds
8
Baths
0
½ Baths
0.37
Acres
5,590
SQFT
$277
$/SQFT
1990
Built
Neighborhood:
Twin Palms
County:
Riverside
Area:
Palm Springs South End
Property Description
Discover an exceptional investment opportunity for this first time on the market four-plex near the Ace Hotel in Twin Palms and close to downtown Palm Springs. This beautifully remodeled four-unit multifamily property is ideally situated, and features three spacious 2-bedroom, 2-bath units, each over 1,200 sq. ft. and one expansive 2-bedroom, 2-bath unit with two additional rooms, boasting over 1,800 sq. ft. Each unit has been meticulously updated with modern finishes and amenities, ensuring comfort and style. Relax by the sparkling pool or unwind in the landscaped outdoor area perfect for Palm Springs' sunny climate. There is a dedicated parking lot, offering convenience for residents, and is close to local attractions, dining, and shopping. Don't miss your chance to own a piece of paradise in Palm Springs! Buyer to comply with seller's 1031 exchange.
Exterior Features

Levels One Lot Size Area 16117 Other Structures None Parking Garage Carport DetachedParking Space Total Parking 7

Interior Features

Cooling Central Equipment Range/OvenDishwasherMicrowave Heating Central

Property Features

Assessed Total Value 651843 Disclosures None Gross Income 86736 Gross Operating Income 86736 Land Lease Type Fee Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 59863.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Estimated Source Lot Size Area Vendor Enhanced Total Annual Expense 26873 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced

Listing provided courtesy of Jade Devitt DRE# of PLG Estates: 310-788-0700.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-11-13T23:43:03.58. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_24-454125-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_24-454125-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_24-454125-2.jpg
Logo
Brad Schmett Real Estate Group
78010 Main St. Suite 207
La Quinta CA, 92253