73515 Catalina Way

    Palm Desert, CA 92260
    • $529,000
    • STATUS: Active
    • ON SITE: 67 days
    • MLS #: 218024310
    UPDATED: 28 min ago
    $529,000
    • 4
      BEDS
    • 0.18
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,076
      SQFT
    • $255
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Duplex property consisting of two 2bd/1ba units with inside laundry and garages at the corner of San Pablo Rd and Catalina Way. Very well maintained, new Furnace/AC in each unit with transferable warranties. Fully rented. Please ask for Income/Expense Statement, Rent Roll, for both current and projected rents, as well as City of Palm Desert Conceptual Plans for San Pablo Rd Pedestrian Corridor. Rents are currently below market value; projected market rents produce a CAP rate of 4.09%.

    Monthly Payment Calculator

    ©2018 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 or eXp Realty of California, Inc.. Based on information from the California Desert Association of Realtors as of 2018-11-18T22:35:31.94. 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/87388847

    73515 Catalina Way Palm Desert, CA 92260

    • Price: $529,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 218024310
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,076
    SQFT
    $255
    $/SQFT
    1960
    Built
    Neighborhood:
    Not Applicable-322
    County:
    Riverside
    Area:
    Palm Desert North
    Property Description
    Duplex property consisting of two 2bd/1ba units with inside laundry and garages at the corner of San Pablo Rd and Catalina Way. Very well maintained, new Furnace/AC in each unit with transferable warranties. Fully rented. Please ask for Income/Expense Statement, Rent Roll, for both current and projected rents, as well as City of Palm Desert Conceptual Plans for San Pablo Rd Pedestrian Corridor. Rents are currently below market value; projected market rents produce a CAP rate of 4.09%.
    Exterior Features

    Carport Or Covered Spaces 0 Casita Guesthouse None Construction Frame And Stucco Exterior Construction Stucco Foundation Concrete Slab Lot Description LandscapedLot Shape-RectangleLot-Level/FlatStreet Public Lot Location Corner Lot Pool No Roofing CompositionFoam Spa Hot Tub YN No Total Other Spaces 0 Total Parking Spaces 2 View No

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 2.00 Cooling Type Air ConditioningCentral A/C Elevators No Entry Level 0 Fireplace No Heating Type Central Furnace Laundry Equipment Own Water Heater Yes Water Heater Features Gas Window Treatments Blinds

    Property Features

    Act Total Rent 26400.00 Adj Gross Income 26400.00 Amenities Other Annual Gross Rent 26400.00 Annual Land Lease Amount 0.00 Cross Street Address San Pablo Ave. Disclosures Other Green Year Certified 0 Gross Annual Income 26400.00 Gross Operating Inc 26400.00 Gross Schedule Inc 26400.00 Land Fee Landlord Pays For GardenerWater Laundry Yes Laundry Description In-Unit Lot Size Source (Assessor) MLS California Desert Aor Mls Monthly Gross Income 2200.00 Net Operating Inc 16848.00 Number Of Buildings 1 Operating Expenses 0.00 Possession Tenants Rights Property Subtype Residential Income Realtor Association California Desert Association Of Realtors Sale Type Standard Sale Sewer InConnected & Paid Square Footage Source Assessor Tax Mello Roos No Tax Rate 1.20 Tenant Pays For ElectricityGas Terms CashConventional Total Annual Op Exp 0.00 Total Taxes 6348.00 Water Water District Water District Coachella Valley Water District

    Listing information © 2018 California Desert Association of Realtors.
    Listing provided courtesy of Doug Fischer of Coldwell Banker Residential Brokerage.
    ©2018 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 or eXp Realty of California, Inc.. Based on information from the California Desert Association of Realtors as of 2018-11-18T22:35:31.94. 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
     
    Brad Schmett Real Estate Group or eXp Realty of California, Inc.
    760-880-5845
    La Quinta and Palm Springs CA,