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    331 W Sunview Avenue

    Palm Springs, CA 92262
    • $5,100,000
    • STATUS: Active
    • ON SITE: 563 days
    • MLS #: 19440586
    UPDATED: 16 min ago
    $5,100,000
    • 3
      BEDS
    • 0.17
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,180
      SQFT
    • $4,322
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    READY MADE SEASONED Real Estate Portfolio. This is a Bulk Sale/1031 Exchange of 15 Single Family Income units all rented ready for a new Portfolio Owner. The Sale will be a 1031 Exchange; Buyer to co-operate in a 1031 Exchange with Seller. Homes all rented with season 3bd/2ba Garage, large lots, all rented. CAP RATE 5% ( at Listed Sales Price) APN: 669361002,669381022, 024, 669384001, 002, 003, 005, 669394004, 005, 669391003,669395008, 010, 021, 669402005, 669412014

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    ©2020 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2020-09-19T21:35:40.013. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.bradschmett.net/homes/92380968
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    331 W Sunview Avenue Palm Springs, CA 92262

    • Price: $5,100,000
    • Status: Active
    • Updated: 16 min ago
    • MLS #: 19440586
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,180
    SQFT
    $4,322
    $/SQFT
    1963
    Built
    Neighborhood:
    Desert Highland Gateway
    County:
    Riverside
    Area:
    331 - Palm Springs North End
    Elementary School:
    Vista Del Monte
    Middle School:
    Raymond Cree
    High School:
    Palm Springs
    School District:
    Palm Springs Unified
    Property Description
    READY MADE SEASONED Real Estate Portfolio. This is a Bulk Sale/1031 Exchange of 15 Single Family Income units all rented ready for a new Portfolio Owner. The Sale will be a 1031 Exchange; Buyer to co-operate in a 1031 Exchange with Seller. Homes all rented with season 3bd/2ba Garage, large lots, all rented. CAP RATE 5% ( at Listed Sales Price) APN: 669361002,669381022, 024, 669384001, 002, 003, 005, 669394004, 005, 669391003,669395008, 010, 021, 669402005, 669412014
    Exterior Features

    Building Style Mid CenturySouthwestern Casita Guesthouse None Entry Location Living Room Foundation Slab Gated Community No Levels Ground Parking DrivewayOn StreetOther Patio Features Concrete Slab Paved Yes Property Sub Type Single Family Residence Roofing Composition Shingle Total Carport Spaces 2.00 Total Covered Spaces 2.00 Total Parking Spaces 8.00 Total Uncovered Assigned Spaces 2.00 Unit Location Not Applicable View No

    Interior Features

    Appliances Electric Dryer HookupGas CooktopGas Dryer HookupGas OvenGas RangeGas/Elec Dryer HookupRefrigerator Bathroom Features Low Flow Shower(S)Shower Over TubShower Stall Cooling Type Air Conditioning Fireplace No Flooring Ceramic Tile Heating Central Heating Fuel Natural Gas Kitchen Features Laminate Counters Rooms Dining AreaDining RoomFamily RoomLiving RoomOther

    Property Features

    Ada Compliant No Disclosures Property As Is Elevator No Green Features No Gross Annual Income Amount 252000.00 Gross Income Amount 252000.00 Gross Operating Income Amount 203400.00 Land Type Fee Simple Listing Terms 1031 Exchange Lot Description FencedRectangular LotStreet PavedStreet PublicUtilities - Overhead Monthly Gross Income Amount 21000.00 Neighborhood Desert Highland Gateway Estates Net Operating Income Amount 182400.00 Other Schools Palm Springs High Sc Owner Pays Trash CollectionWater Pool No Private Transfer Tax No Property Attached Detached Attached Property Condition Updated/Remodeled Rent Control No Sale Type Standard Security Safety None Senior Community No Sewer In Street PaidInConnected And Paid Spa Hot Tub No Tax Mello Roos Unknown Tax Rate Percent 1.19 Tenant Pays Air Cond/Heat MainCable TvElectricityGas Total Annual Operating Expenses Amount 203400.00 Water Water District Water District Name Desert Water Agency Water Heater Yes Water Heater Feature Gas

    Listing information © 2020 California Desert Association of Realtors.
    Listing provided courtesy of Amado C Salinas II of Re/Max Desert Properties.
    ©2020 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2020-09-19T21:35:40.013. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
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    760-880-5845
    La Quinta and Palm Springs CA,