Description
Close to El Paseo! INCOME PROPERTY at it's best! This property is made up of two Buildings. The front house is approx 1200 sq feet. This house has two bedrooms and one bathroom with a large living room. The kitchen has stainless steel appliances and has a large dining area. Laminate flooring throughout. Central air and heat with Smart Thermostat. Covered patio in large fenced-in private back yard. Single car garage with garage door opener. Washer and dryer are located in garage. Single car carport right out front of house. The back building is a duplex with two - one bedroom one bath units. Each duplex unit is approximately 550 square feet. Laminate flooring throughout. Stainless steel appliances. Private enclosed courtyard for each unit. Each unit has two split ac/heat units. Very private. All units have their own meters for all utilities except water, which is paid for by owner. Landscape is desert plants with grass lawn in the backyard of the house. It appears that there is room for a pool. These units were all update approximately 5 years ago. The city of Palm Desert owns the property and retaining wall next door. Currently the house rents for $1500 a month, the back units are $1100 each per month. Rents are below market price however two Tenants have been renting for over five years. The seller is a Real Estate Agent and this sale is be a 1031 Exchange. Please do not bother tenants. Please drive by. Prequalification letter required for showing.
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4BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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2,150SQFT
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$363$/SQFT
School Ratings & Info
Description
Close to El Paseo! INCOME PROPERTY at it's best! This property is made up of two Buildings. The front house is approx 1200 sq feet. This house has two bedrooms and one bathroom with a large living room. The kitchen has stainless steel appliances and has a large dining area. Laminate flooring throughout. Central air and heat with Smart Thermostat. Covered patio in large fenced-in private back yard. Single car garage with garage door opener. Washer and dryer are located in garage. Single car carport right out front of house. The back building is a duplex with two - one bedroom one bath units. Each duplex unit is approximately 550 square feet. Laminate flooring throughout. Stainless steel appliances. Private enclosed courtyard for each unit. Each unit has two split ac/heat units. Very private. All units have their own meters for all utilities except water, which is paid for by owner. Landscape is desert plants with grass lawn in the backyard of the house. It appears that there is room for a pool. These units were all update approximately 5 years ago. The city of Palm Desert owns the property and retaining wall next door. Currently the house rents for $1500 a month, the back units are $1100 each per month. Rents are below market price however two Tenants have been renting for over five years. The seller is a Real Estate Agent and this sale is be a 1031 Exchange. Please do not bother tenants. Please drive by. Prequalification letter required for showing.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-03-27T08:42:41.107. 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.