$1,625,000
$1,695,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
46100 Ocotillo DR Palm Desert, CA 92260
0.46 Acres Lot
Key Details
Sold Price $1,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219117643DA
Sold Date 11/15/24
HOA Y/N No
Year Built 1965
Lot Size 0.460 Acres
Property Description
Rarely available Mid-Century Garden - style Apartment building | 6 - 2 bedroom 2 bath large units with back patios | All units are clean, and well maintained | only 2 units are at Market rents = Upside $$$ | All units open to gated pool | Community laundry room | Carport parking plus additional off street driveway parking | Walking distance to world famous El Paseo shops and restaurants | Will perform at approx. 5.0% CAP rate, at asking price | Incredibly well maintained - Excellent turn-key investment
Location
State CA
County Riverside
Area 323 - South Palm Desert
Interior
Interior Features Utility Room
Heating Forced Air
Fireplace No
Appliance Water Heater
Exterior
Parking Features Attached Carport, Assigned
Carport Spaces 6
Pool Community, In Ground
Community Features Pool
View Y/N No
Total Parking Spaces 10
Private Pool Yes
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 628082002
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
Lease Land No
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Bought with Chuck Bennett • Windermere Real Estate