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6 Units in Palm Springs

476 E Chuckwalla Rd, Palm Springs, CA 92262, USA
Sold for$995,000$165,833/Per Unit

Description

PROPERTY HIGHLIGHTS

INVESTMENT HIGHLIGHTS

  • Unit Mix Consists of:
    • (1) 2 Bed/1 Bath Unit
    • (2) 1 Bed/1 Bath Units
    • (3) Large Studio Apartments
  • Desirable Single-Story Construction
  • Tenants Enjoy Onsite Open-Space Parking and an Onsite Laundry Facility
  • Courtyard-Style Property with Xeriscape Landscaping
  • Property Offers Central A/C and Heat as Well as Private Backyards for Each Unit
  • 20%+ Upside in Rental Income!

TAP TO GIVE ME A CALL

We are pleased to present 476 E. Chuckwalla Road in the highly sought after city of Palm Springs. The property offers a unique unit mix ranging from (1) 2 Bedroom, (2) 1 Bedroom, and (3) Studio Units. The lot contains a desirable single-story constructed building with an elegant courtyard common area with xeriscape landscaping. Each unit also offers a private backyard for the tenants as well as plenty of onsite parking in the front of the lot. Tenants enjoy a coin-operated onsite laundry facility as well as central heating and A/C. Units have been upgraded with newer flooring, kitchens, and bathrooms. The demand for rentals in Palm Springs has outpaced supply over the years and this contributes to a growing rental market and rental rate. An investor will enjoy a solid current cash flow upon the successful close of escrow and an opportunity for significant upside.

  • Address: 476 E Chuckwalla Rd
  • City: Palm Springs
  • State/county: California
  • Zip/Postal Code: 92262
  • Country: United States

Detail

Updated on March 23, 2021 at 9:45 am

  • Price: Sold for $995,000
  • Property Size: 3605 SqFt
  • Land Area: 10890 SqFt
  • Year Built: 1959
  • Property Type: Multi Family
  • Property Status: Sold

Additional details

  • # of Units: 6
  • Unit Mix: 1 (2+1), 2 (1+1), 3 Studios
  • Zoning: R3
  • We Represented: Seller
  • Close of Escrow: 03/06/2021

Features

WalkScore

walkscore56 / Somewhat Walkable more details here

Contact info

Deepen Shah
Deepen Shah
(909) 294-2603(909) 568-5200
Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
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