2980 E RANCHERO Drive, Palm Springs, CA 92262
$1,905,000
Property Type:
Residential Income
Bedrooms:
17
Baths:
10
Square Footage:
4,848
Lot Size (sq. ft.):
21,371
Status:
Closed
Current Price:
$1,905,000
List Date:
12/13/2017
Last Modified:
5/14/2026
Description
Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. It totals 17 bedrooms and 10 bathrooms in nearly 5,000+/- SF. It is comprised of (2) 3BR/2BTH units, (5) 2 BR/1BTH units and a (1) 1BR/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals, vacation rentals or converting it to a sober living home, senior living community or a possible condo conversion. Current owners utilize this as a family compound. As such there are no rental or expense histories. Zoned R-2. Projected rents estimated at $12K+ per month. Units have modern, high end kitchens/bathroom, tile flooring throughout, high ceilings, dual pane windows, washer/dryer in every unit and individual gas/electric meters. Complex backs to estate lots. This is a superior complex ready for your investment direction. Call listing agent for details
Supplements: is one gas and electric meter serving the common areas and one main water meter at the street.
More Information MLS# 17295986
Listing, Location and Property Info
Entry Date: 2017-12-13
Land Type: Fee
Builders Tract Code: Not in a Development
General Property Information
Total Units: 8
SqFt Source: Other
Building # of Stories: 1
Pool: No
Total Bedrooms: 17
Total Baths: 10
Approx SqFt: 4848
Lot Acres: 0.49
Lot Size: 21371
Lot Size Source: Other
Year Built: 1960
Listing Info
Number of Buildings: 1
Laundry: Yes
Laundry Equipment: Own
Counts
# Electric Meters: 8
# Gas Meter: 8
# of Dishwashers: 8
# of Patios: 8
# of Ranges: 8
# of Refrigerators: 8
# Water Meters: 1
Income & Expenses
Gross Income $: 99
Gross Operating Income $: 99
Net Operating Income $: 99
Total Annual Operating Expenses $: 99
Vacancy Allowance % or $: 99
Sale Type
Standard: 1
Levels
Ground: 1
One: 1
Appliances
Dishwasher: 1
Dryer: 1
Refrigerator: 1
Washer: 1
Flooring
Ceramic Tile: 1
Cooling Type
Air Conditioning: 1
Heating
Central: 1
Security Safety
Gated Community: 1
Sewer
In, Connected and Paid: 1
Land Lease Type
Fee Simple: 1
Listing Location and Property Info
APN: 502252006
Status: Closed
Listing Date: 2017-12-13
Original List Price: 2150000
Sold Price: $1,905,000
Current Price: $1,905,000
Street #: 2980
Street Direction: E
Street Name: RANCHERO
Street Suffix: Drive
County: Riverside
State: CA
Zip Code: 92262
Area: 332 - Palm Springs Central
Neighborhood: Gateway
Status Change Info
Status Change Date: 2018-05-18
Pending Date: 2018-02-19
Closed Date: 2018-05-18
Closed Price: 1905000
Parking SpacesInformation
Total Parking Spaces: 12
Property Features
Sale Type: Standard
Levels: Ground; One
Appliances: Dishwasher; Dryer; Refrigerator; Washer
Flooring: Ceramic Tile
Cooling Type: Air Conditioning
Heating: Central
Security Safety: Gated Community
Sewer: In, Connected and Paid
Land Lease Type: Fee Simple
Listing Office:
HomeSmart
Listing Agent:
Gil L Rose
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
