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66796 1st ST Desert Hot Springs, CA 92240
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Key Details
Sold Price $160,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW15243219
Sold Date 01/07/16
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1954
Lot Size 9,583 Sqft
Property Description
Completely recently renovated 4plex. One 1 bedroom and 3 studio units. The 1 bedroom unit has a charming fireplace with large hearth. Fully rented and great rental revenue. Electricity separately metered. Comes with separate locked storage rooms for each unit. Separate laundry/utility room--wired and plumbed. No present laundry service contract nor W/D. All the rooftop water coolers have been turned off and 4 newer A/C/Heater units are in the walls. Property and landscaping enhanced for recognition of compliance with the DHS Safe Housing Program Codes. Full exterior recently painted. New blinds. New storage room doors. Too many upgrades and replacements to list. Outdoor yard area behind building. LARGE blacktop parking area. Comes with all 4 stoves and all 4 refrigerators. This is an armchair investors dream, boasting a 6.99 CAP rate and 6.43 Gross Rent Multiplier.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Rooms
Other Rooms Shed(s), Storage
Interior
Interior Features Storage
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type Family Room, Great Room, Raised Hearth, Wood Burning
Fireplace Yes
Laundry Common Area
Exterior
Parking Features Asphalt, Unassigned, Uncovered
Fence Average Condition
Pool None
Community Features Foothills, Mountainous, Street Lights
Utilities Available Sewer Available, Sewer Connected, Water Connected
Roof Type Tar/Gravel
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Faces Southeast
Story One
Entry Level One
Water Public
Level or Stories One
Additional Building Shed(s), Storage
Construction Status Updated/Remodeled
Others
Tax ID 639322013
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Submit
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Gregory Manns • Keller Williams Realty
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