$1,050,000
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10 Beds
10 Baths
4,300 SqFt
SOLD DATE : 03/01/2023
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,300 sqft
Price per Sqft $226
MLS Listing ID 219088741
Sold Date 03/01/23
Bedrooms 10
Full Baths 1
Three Quarter Bath 9
HOA Y/N No
Year Built 1965
Lot Size 10,454 Sqft
Property Sub-Type Apartment
Property Description
Unique 10-unit apartment building with 9-studio units and one 1-1bd/1ba unit, complete with an interior pool surrounded by units and fully enclosed. Talk about privacy! Eight of the units are rented long term with all tenants on month-to month leases and two of the studio units have been rented out as short term vacation rentals with AirBnB. There are a number of variations on ownership opportunities here: Of course, it could continue as operated, or an owner could live in one unit and rent out the others with the choice of any combination of long term and short term vacation rentals. Income, expenses and the rent roll is available upon request indicating a CAP rate of 6.45% under new ownership. Also available upon request are details of the AirBnB units as well as Income Summary Statements for those units. Don't miss out on this unique opportunity.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Forced Air, Wall Furnace, Electric, Natural Gas
Cooling Air Conditioning, Central Air, Evaporative Cooling, Wall/Window Unit(s)
Fireplace false
Exterior
Pool Gunite, In Ground, Private, Safety Fence
View Y/N false
Private Pool Yes
Building
Story 1
Entry Level Ground,Ground Level, No Unit Above,One
Sewer In, Connected and Paid
Level or Stories Ground, Ground Level, No Unit Above, One
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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