12065 Palm Dr, Desert Hot Springs, CA 92240
$1,350,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
27,443
Status:
Closed
Current Price:
$1,350,000
List Date:
4/29/2005
Last Modified:
5/12/2026
Description
Ideal location in Old Town Development Plan Area. City plans strong future growth for the area as the center of the city and near future visitor center developments. Has hard to find off street parking. Eight rentalble spaces with only one vacant (smallest unit). Rents way under market value. Property includes APN 641-041-023. Inspection has shown the building needs a new roof. Owner is in process of obtaining price estimates and will re-roof. Alternately, Buyer could select to receive credit for work in escrow and accept responsibility for work. Price will be disclosed for roof work upon receipt of bids.
More Information MLS# 15844295
Listing, Location and Property Info
Entry Date: 2005-04-29
Property Info
# Units: 8
Income
Gross Operating: 126141
Business Info
Cooling: Yes
Laundry Equipment: No
Phase: 0
Voltage: 0
Year Established: 1960
Listing Terms
Cash: 1
Owner May Carry: 1
Parking Spaces/Information
Clearance Height Minimum: 0.00
Parking Ratio: 0
Listing Location and Property Info
APN: 641041047
Status: Closed
Listing Date: 2005-04-29
Original List Price: 2200000
Sold Price: $1,350,000
Current Price: $1,350,000
Street #: 12065
Street Name: Palm Dr
County: Riverside
State: CA
Zip Code: 92240
Area: 340 - Desert Hot Springs
General Property Information
Lot Size: 27500
Lot Acres: 0.63
Year Built: 1960
Cross Streets: Pierson
Status Change Info
Status Change Date: 2006-01-31
Pending Date: 2005-11-29
Closed Date: 2006-01-31
Closed Price: 1350000
Expenses
Annual Operating Expense: 25
Property Features
Listing Terms: Cash; Owner May Carry
Listing Office:
Baddour & Associates
Listing Agent:
Paul Allen
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.
