277 E RACQUET CLUB Road, 3, Palm Springs, CA 92262
$499,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
4
Square Footage:
2,201
Lot Size (sq. ft.):
27,443
Status:
Closed
Current Price:
$499,000
List Date:
6/03/2016
Last Modified:
5/14/2026
Description
Mid Century Ranch Style Triplex - Solid building, cheaper then a single family home. Income with existing building or development for greater profits , zoned for 6 more units. The massive over sized view lot (over a half of acre) offers many ways to earn extra income. Frontage of lot is 140ft. Lot is 2 times bigger than most sold, pending, or active 3-4 units. This is NOT a fixer but still has room for numerous opportunities. (Don't let time on the market fool you, it has fallen out of escrow three times). New Foam Roof, Polished Concrete floors, Updated Baths, New Kitchens, Copper Plumbing, Individual Hot Water Tanks, Separate Laundry Room, All walls have been smoothed coated for a modern clean look. Each Unit has its Own Electric Meter/Panel (SquareD) and Gas Meter. Large Parking Lot - Conveniently located close to Riviera Resort, Billy Reeds, and The Buzz.
More Information MLS# 16130566
Listing, Location and Property Info
Entry Date: 2016-06-03
Land Type: Fee
Unit #: 3
Builders Tract Code: 5140
General Property Information
Total Units: 3
SqFt Source: Other
Building # of Stories: 1
Pool: No
Total Bedrooms: 4
Total Baths: 4
Approx SqFt: 2201
Lot Acres: 0.63
Lot Size: 27443
Lot Size Source: Other
Year Built: 1964
Cross Streets: Racquet Club and Indian Canyon
Listing Info
Number of Buildings: 1
Water Heater: Yes
Tax Info
Tax Mello Roos: No
Property Info
View: Yes
Additional Parcel: No
Income & Expenses
Gross Income $: 36600
Gross Operating Income $: 36600
Net Operating Income $: 34200
Total Annual Operating Expenses $: 36600
Assessed Improvement $: 191339
Cap Rate %: 6.7
Vacancy Allowance % or $: 5
Owner Pays
Water: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Sale Type
Standard: 1
Possession
Close Of Escrow: 1
View Type
Desert: 1
Disclosures
Property As Is: 1
Cooling Type
Gas: 1
Heating
Forced Air: 1
TV Services
Cable TV: 1
Sewer
In, Connected and Paid: 1
Water
Water District: 1
Water District Name: Desert Water Agency
Land Lease Type
Fee Simple: 1
Listing Location and Property Info
APN: 501101028
Status: Closed
Listing Date: 2016-06-03
Original List Price: 449000
Sold Price: $499,000
Current Price: $499,000
Street #: 277
Street Direction: E
Street Name: RACQUET CLUB
Street Suffix: Road
County: Riverside
State: CA
Zip Code: 92262
Area: 331 - Palm Springs North End
Status Change Info
Status Change Date: 2017-03-23
Pending Date: 2017-01-03
Closed Date: 2017-03-23
Closed Price: 499000
Parking SpacesInformation
Total Parking Spaces: 10
Property Features
Owner Pays: Water
Tenant Pays: Cable TV; Electricity; Gas
Sale Type: Standard
Possession: Close Of Escrow
View Type: Desert
Disclosures: Property As Is
Cooling Type: Gas
Heating: Forced Air
TV Services: Cable TV
Sewer: In, Connected and Paid
Water: Water District
Land Lease Type: Fee Simple
Listing Office:
PDC Real Estate
Listing Agent:
James F Lewis
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.