$849,000
$849,000
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0.33 Acres Lot
SOLD DATE : 07/15/2021
Key Details
Sold Price $849,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cathedral City Cove
MLS Listing ID 219058651DA
Sold Date 07/15/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1964
Lot Size 0.325 Acres
Property Description
This is a beautiful Spanish colonial style apartment complex with 6 units. 5 of the units are 1 bedroom 1 bath, and 1 unit is a studio. The property is filled with tropical plants creating a little desert oasis. This is a desirable, one of a kind investment property with increasing value due to the new casino being put in this last year. ALL UNITS ARE FURNISHED AND OWNER PAYS UTILITIES INCLUDING INTERNET. INCOME WOULD BE MUCH HIGHER IF TENANTS PAID THEIR OWN UTILITIES. ALL SEPARATE METERS EXCEPT WATER. PRICES CHANGE FOR SEASONAL RENTS AND VARIES BY A FEW HUNDRED DOLLARS IF NEW OWNER WANTED TO DO SEASONAL. BEAUTIFUL COURTYARD WITH POOL LOTS OF OFF STREET PARKING. WALKING DISTANCE FROM THE NEW CASINO AND ENTERTAINMENT DISTRICT IN CATHEDRAL CITY. LAUNDRY ROOM WASHER DRYER COIN OPERATED OWNED BY SELLER. OWNER IS A LICENSED CALIFORNIA REAL ESTATE AGENT.
Location
State CA
County Riverside
Area 336 - Cathedral City South
Interior
Interior Features Utility Room
Heating Fireplace(s)
Fireplaces Type Living Room
Fireplace Yes
Appliance Water Heater
Exterior
Garage Side By Side
Pool In Ground
Community Features Park
View Y/N Yes
View City Lights, Desert, Hills, Mountain(s), Trees/Woods
Total Parking Spaces 6
Private Pool Yes
Building
Lot Description Corner Lot, Lawn, Near Park, Paved
Story 1
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 687097004
Security Features Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Barry Saywitz • Barry Saywitz
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "