39950 BIRD Lane, Rancho Mirage, CA 92270
$2,025,000
Property Type:
Residential Income
Square Footage:
13,250
Lot Size (sq. ft.):
566,280,000
Status:
Closed
Current Price:
$2,025,000
List Date:
9/15/2018
Last Modified:
5/14/2026
Description
Excellent investment opportunity to acquire a beautifully remodeled, fully rented 11 unit classic mid-century complex in a prime Rancho Mirage location. A solid quality offering, fully rented with 12 months leases to quality tenants. There is a tremendous upside potential available here. Included in this sale is also the next door vacant parcel of 12197 SqFt with APN # : 689-202-031. According to the Rancho Mirage Planning Department this vacant parcel can be utilized to construct additional carports and /or duplex. The complex consists of a 2 story building with a very attractive courtyard pool spa recreational area. There is a good mix of 1 BR , 2 Br and 3 Br units. All very spacious with considerably more square footage than market average. Extraordinary views of the mountains and the surrounding desert in every direction! Access only with accepted offer. Please do not disturb the tenants.
More Information MLS# 18380900
Listing, Location and Property Info
Entry Date: 2018-09-14
Land Type: Fee
Builders Tract Code: 1007274
General Property Information
Total Units: 11
SqFt Source: Appraiser
Building # of Stories: 2
Pool: No
Approx SqFt: 13250
Lot Acres: 13000
Lot Size: 12100
Lot Size Source: Assessor
Year Built: 1963
Listing Info
Number of Buildings: 1
Income & Expenses
Gross Income $: 158484
Gross Operating Income $: 154529
Net Operating Income $: 97362
Total Annual Operating Expenses $: 154529
Assessed Improvement $: 1030000
Cap Rate %: 4.75
Vacancy Allowance % or $: 3
Sale Type
Standard: 1
Parking Spaces/Information
Total Covered Spaces: 8
Appliances
Refrigerator: 1
Cooling Type
Central Air: 1
Heating
Central: 1
Land Lease Type
Fee Simple: 1
Listing Location and Property Info
APN: 689202030
Status: Closed
Listing Date: 2018-09-14
Original List Price: 2050000
Sold Price: $2,025,000
Current Price: $2,025,000
Street #: 39950
Street Name: BIRD
Street Suffix: Lane
County: Riverside
State: CA
Zip Code: 92270
Area: 321 - Rancho Mirage
Status Change Info
Status Change Date: 2018-12-27
Pending Date: 2018-10-01
Closed Date: 2018-12-27
Closed Price: 2025000
Parking SpacesInformation
Total Parking Spaces: 8
Property Features
Sale Type: Standard
Appliances: Refrigerator
Cooling Type: Central Air
Heating: Central
Land Lease Type: Fee Simple
Listing Office:
Coldwell Banker Realty
Listing Agent:
Panayot B Tomov
Last Updated: May - 14 - 2026
Information deemed reliable but not guaranteed.
