$1,100,000
$1,142,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/15/2021
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 219064317PS
Sold Date 12/15/21
HOA Y/N No
Year Built 1990
Property Description
This investment is an eight unit apartment building located in the strong rental market of Desert Hot Springs, California within the greater Inland Empire area. Built in 1990, this property features 100% one bedroom-one bath units totaling 5,120 square feet, built on a 0.39 acre lot. Four out of the eight units have been fully renovated. The remaining units were either already in good condition, requiring minimal upgrading, or were occupied at the time of purchase and have been maintained with all necessary repairs being made. This investment is located with in distance of Henry Lozano Community Center and the interstate 10 and local shopping centers, providing tenants with convenient access to entertainment and restaurants. This location offers high visibility in an area known for its strong tenancy, stable rent growth and a historically high occupancy rate.
Location
State CA
County Riverside
Interior
Heating Forced Air
Flooring Carpet, Tile, Vinyl
Fireplace No
Appliance Water Heater
Exterior
Garage Covered
Carport Spaces 8
Parking Type Covered
Total Parking Spaces 8
Building
Story 1
Others
Senior Community No
Tax ID 641251011
Security Features 24 Hour Security
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Financing Cash
Special Listing Condition Standard
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Bought with Elizabeth Clark • Compass
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