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330 W Mariscal Rd

Palm Springs, CA 92262
  • $850,000
  • STATUS: Active
  • ON SITE: 338 Days
  • MLS #: 23-317851
Price Reduced
UPDATED: 184 min ago
$850,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

Fantastic location coupled with a wonderful opportunity to add value and turn around this 6-unit apartment building and increase cash flow and equity. The building has consistent rental income and is located west of Palm Canyon Drive and close to downtown. The property has excellent potential for redevelopment. Buyers to confirm with the city regarding zoning and development potential. All information is not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk the property without permission.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-09-07T23:42:55.76. 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.
www.kwcoachellavalley.com/homes/144137998
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330 W Mariscal Rd Palm Springs, CA 92262

  • Price: $850,000
  • Status: Active
  • On Site: 338 Days
  • Updated: 184 min ago
  • MLS #: 23-317851
0
Beds
6
Baths
0
½ Baths
0.46
Acres
1947
Built
Neighborhood:
Palm Springs Central
County:
Riverside
Area:
Palm Springs Central
Property Description
Fantastic location coupled with a wonderful opportunity to add value and turn around this 6-unit apartment building and increase cash flow and equity. The building has consistent rental income and is located west of Palm Canyon Drive and close to downtown. The property has excellent potential for redevelopment. Buyers to confirm with the city regarding zoning and development potential. All information is not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk the property without permission.
Exterior Features

Levels One Lot Size Area 20038 Other Structures None Parking Garage Side By SideOtherUnassignedUncovered Style Mid-Century Total Parking 6 View Description Mountains View YN Yes

Interior Features

Common Walls Attached Cooling Wall/Window Equipment Range/Oven Heating Wall Laundry CommunityOutside

Property Features

Assessed Total Value 827116 Disclosures None Gross Income 62484 Gross Operating Income 62484 Land Lease Type Fee Like Units1 5 Like Units2 1 Net Operating Income 36757.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 25726 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning RGA

Listing provided courtesy of Ttk Represents DRE# of Compass: 760-350-9253.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2024-09-07T23:42:55.76. 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.
 
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Keller Williams Realty Coachella Valley
39-575 Washington Street, Suite #105
Palm Desert CA, 92211