$2,650,000
$2,800,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
550 S EL CIELO RD Palm Springs, CA 92264
0.7 Acres Lot
Key Details
Sold Price $2,650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Demuth Park
MLS Listing ID 19445960PS
Sold Date 06/19/19
HOA Y/N No
Year Built 1970
Lot Size 0.703 Acres
Property Description
Exceptional resort style 15 unit apartment complex now available. Excellent investment opportunity with significant upside. A total living space of 13,535 SQFT. The compound comprises of 2 two-story buildings with a single level casita building in the center. A private setting with gated entrances, large pool area, and covered carport parking. Lush and green with mature landscaping and towering palm trees provide an inviting and oasis-like atmosphere. The property is fully leased with 15 long term quality leases. This apartment complex offers a stable income and value-add opportunity to capitalize on one of the most robust real estate markets in the country. Professionally managed.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Cooling Heat Pump, Wall/Window Unit(s), Zoned
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Detached Carport
View Y/N No
Total Parking Spaces 20
Private Pool No
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 680031013
Special Listing Condition Standard
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Bought with Sasha Tsarevsky • ATT Capital Group Corp.