45900 Hwy 74, Palm Desert, CA 92260
$1,505,000
Property Type:
Residential Income
Bedrooms:
18
Baths:
13
Square Footage:
11,500
Lot Size (sq. ft.):
17,860
Status:
Closed
Current Price:
$1,505,000
List Date:
12/21/2010
Last Modified:
11/05/2024
Description
This beautiful one of a kind investment opportunity in a class A location of Palm Desert. Constructed in 2007,the property boasts 100% occupancy. The subject property is strategically located within walking distance to famous El Paseo Drive shopping district. Serenity of Palm Desert is comprised of 6 units with a mix of four, 3 bedroom, 3 bath units and two, 3 bedroom, 2.5 bath units. Each unit features a fully landscaped courtyard complete with built in spa. Kitchens include slab granite and are equipped with Wolf and Subzero appliances. All units are two stories with attached garages. Investors may continue to run the property as a for lease product or sell each unit separately as each unit is located on its own parcel.
More Information MLS# 21416754
Listing, Location and Property Info
Entry Date: 2010-12-21
Land Type: Fee
Builders Tract Code: Serenity
General Property Information
Total Units: 6
SqFt Source: Builder
Price Per Unit: 331666
Fireplace: No
Pool: Yes
Paved: Yes
Total Bedrooms: 18
Full Baths: 12
3/4 Baths: 1
Total Baths: 13
Approx SqFt: 11500
Lot Acres: 0.41
Lot Size: 17860
Year Built: 2007
Listing Info
Number of Buildings: 6
Elevator: No
Property Info
View: Yes
Counts
# of Patios: 6
Income & Expenses
Gross Annual Income $: 125400
Gross Operating Income $: 125400
Gross Schedule Income $: 125400
Net Operating Income $: 82217
Electricity $: 828
Gardener $: 1800
Insurance $: 1185
Operating Expenses $: 43183
Pool Expense $: 2400
Total Annual Operating Expenses $: 43183
Water Expense $: 248
Cap Rate %: 4
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Trash Collection: 1
Water: 1
Listing Terms
Cash to New Loan: 1
View Type
Mountain(s): 1
Levels
Two: 1
Cooling Type
Air Conditioning: 1
Central Air: 1
Heating
Forced Air: 1
Heating Fuel
Natural Gas: 1
Roofing
Concrete: 1
Tile: 1
Sewer
In, Connected and Paid: 1
Water
Water District: 1
Water Heater Feature
Water Heater Unit: 1
Land Lease Type
Fee Simple: 1
Listing Location and Property Info
APN: 628081038
Status: Closed
Listing Date: 2010-12-21
Original List Price: 2350000
Sold Price: $1,505,000
Current Price: $1,505,000
Street #: 45900
Street Name: Hwy 74
County: Riverside
State: CA
Zip Code: 92260
Area: 323 - Palm Desert South
Status Change Info
Status Change Date: 2011-06-15
Pending Date: 2011-06-07
Closed Date: 2011-06-15
Closed Price: 1505000
Property Features
Tenant Pays: Cable TV; Electricity; Gas; Trash Collection; Water
Listing Terms: Cash to New Loan
View Type: Mountain(s)
Levels: Two
Cooling Type: Air Conditioning; Central Air
Heating: Forced Air
Heating Fuel: Natural Gas
Roofing: Concrete; Tile
Sewer: In, Connected and Paid
Water: Water District
Water Heater Feature: Water Heater Unit
Land Lease Type: Fee Simple
Listing Office:
Coldwell Banker Commercial, NRT
Listing Agent:
Terry Forward
Last Updated: November - 05 - 2024
Information deemed reliable but not guaranteed.
