$1,142,000
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8 Beds
8 Baths
5,120 SqFt
SOLD DATE : 12/15/2021
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $214
MLS Listing ID 219064317
Sold Date 12/15/21
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1990
Lot Size 0.390 Acres
Property Sub-Type Apartment
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
Cooling Air Conditioning
Fireplace false
Exterior
View Y/N false
Private Pool No
Building
Story 1
Entry Level Ground
Sewer Assessments
Level or Stories Ground
Others
Senior Community No
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Fractional Interest
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Fractional Interest
Special Listing Condition Standard
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