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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.

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Hi, I'm Darlene Harwick and I provide real estate service to buyers and sellers in the Palm Springs area.

Darlene Harwick
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