For more information regarding the value of a property, please contact us for a free consultation.
482 W Pico RD Palm Springs, CA 92262
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $989,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Racquet Club West
MLS Listing ID 219097531DA
Sold Date 10/18/23
HOA Y/N No
Year Built 1960
Annual Tax Amount $10,753
Tax Year 2022
Lot Size 10,018 Sqft
Property Description
This five-unit residence offers instant income to the new owner. Just the right blend of old and new with plenty of character featuring Vaulted beamed ceilings, concrete or tile floors, lots of storage cabinets, and built-ins.In the Five units, you will find a total of FOUR: 1 Bd /1 Ba units AND ONE: 2 bd /1 ba unit. Each one has its own private walled patio, evaporative cooler, AC, In Wall heater and a full kitchen with all appliances (which are included in the sale). The two-bedroom unit has a fireplace in the living room. This Superior, quiet residential location is in the Racquet Club West neighborhood just five minutes from Palm Springs downtown. The property has been well maintained and continuously updated and improved you'll find nothing to do but start generating revenue. Fully rented, with tenants that wish to stay, you'll only need to decide what you want to do with the two-bedroom unit. Rent it out or use it yourself? Separately metered units for gas and electricity are all in good condition. This totally walled property has ample off-street parking, a laundry room, a generous in-ground pool & a pleasant common area, with low maintenance/ low water landscaping, and stunning views. Rental Income property is in demand, call today.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Zoning R-5
Interior
Heating Wall Furnace
Cooling Evaporative Cooling, Gas, Wall/Window Unit(s)
Flooring Concrete, Tile
Fireplaces Type Gas, Living Room
Fireplace Yes
Appliance Dishwasher, Gas Cooktop, Gas Water Heater, Refrigerator, Vented Exhaust Fan, Water Heater
Exterior
Parking Features Unassigned
Pool Gunite, Gas Heat, In Ground
View Y/N Yes
View Desert, Mountain(s)
Roof Type Foam
Total Parking Spaces 8
Private Pool Yes
Building
Lot Description Paved
Story 1
Entry Level One
Foundation Slab
Architectural Style Ranch
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 504083015
Security Features Closed Circuit Camera(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Read Less
Bought with Ryan Cummings • Sotheby's International Realty