Palm Springs, CA 92262,476 E Chuckwalla RD
Palm Springs, CA 92262,476 E Chuckwalla RD
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$995,000

$995,000

Est.Price: ?

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Est. payment /mo

0.25 Acres Lot


SOLD DATE : 03/16/2021

Key Details

Sold Price $995,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Central Palm Springs (33215)

MLS Listing ID CV20263454

Year Built 1959

Lot Size 10,890 Sqft

Property Description

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 opportunity for significant upside.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Zoning R2

Interior

Heating Central

Cooling CentralAir

Laundry CommonArea

Exterior

Pool None

Community Features Curbs, Golf, StormDrains, StreetLights, Sidewalks

Utilities Available SewerConnected, WaterConnected

Building

Lot Description Item610UnitsAcre, NoLandscaping, Yard

Sewer PublicSewer

Water Public

New Construction No

Others

Acceptable Financing Cash, CashtoNewLoan, Conventional, Item1031Exchange

Listing Terms Cash, CashtoNewLoan, Conventional, Item1031Exchange

Special Listing Condition Standard

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Charles Laird - CB Realty

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California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000
Bought with Al Rodriguez • Coldwell Banker Realty

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