73305-73315 Royal Palm Drive

    Palm Desert, CA 92260
    • $890,000
    • STATUS: Active
    • ON SITE: 101 days
    • ID#: 218020422DA
    UPDATED: 77 min ago
    $890,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,552
      SQFT
    • $136
      $/SQFT
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    Seller Financing Offered! 4-Unit Property with four 2-bd/2-ba units, each with inside laundry and individual single car garages. The architecture is a fun mix of Mid Century Modern and Moroccan. Known as the Royal Palms and featured in Palm Springs life many years ago. Property consists of two tax parcels, both included in this sale. Please ask for an Income and Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 6.78%. The owner is very interested in offer seller financing. Terms are very reasonable. Please inquire.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/87212006

    73305-73315 Royal Palm Drive Palm Desert, CA 92260

    • Price: $890,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: 218020422DA
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    6,552
    SQFT
    $136
    $/SQFT
    1966
    Built
    Neighborhood:
    Not Applicable-322 (Na322)
    County:
    Riverside
    Area:
    322 - North Palm Desert
    Property Description
    Seller Financing Offered! 4-Unit Property with four 2-bd/2-ba units, each with inside laundry and individual single car garages. The architecture is a fun mix of Mid Century Modern and Moroccan. Known as the Royal Palms and featured in Palm Springs life many years ago. Property consists of two tax parcels, both included in this sale. Please ask for an Income and Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 6.78%. The owner is very interested in offer seller financing. Terms are very reasonable. Please inquire.
    Exterior Features

    Architectural Style Mediterranean Carport Spaces 0.00 Construction Materials FrameWood SidingStucco Garage Spaces 4.00 Lot Features Lot Shape-RectangularNear Public TransitPavedCorner Lot Lot Size Source See Remarks Parking Total 4.00 Pool Private YN No Roof FoamComposition Spa YN No View YN No

    Interior Features

    Appliances Gas Cooking Appliances YN Yes Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 1638 Average3 Bed Area 0 Cooling CentralElectric Cooling YN Yes Fireplace Features Living RoomSee Remarks Fireplace YN Yes Heating Natural GasCentral Furnace Heating YN Yes Levels One

    Property Features

    Association Amenities Other Cable Tv Expense 0.00 Cap Rate 4.08 Community Features Curbs Electric Expense 535.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 4400.00 Gross Multiplier 16.86 Gross Operating Income 52800.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 2080.00 Land Lease Amount 0.00 Land Lease YN No Land Value 0 Land Value Percent 0.00 Laundry Equipment Own Lease Own Laundry Income 0.00 Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 36347.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 2 Number Of Units Leased 4 Number With Dishwasher 4 Number With Disposal 4 Number With Patio 8 Number With Range 4 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Subdivision Name Other Not Applicable-322 (Na322) Supplies Expense 0.00 Tax Rate 1.20 Taxes Percent 0.00 Tenant Pays ElectricityGasWater Total Actual Rent 52800.00 Total Expenses 0.00 Trash Expense 1176.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 1178.00 Water Source Public Workmans Compensation Expense 0.00

    Listing provided courtesy of Doug Fischer of Coldwell Banker Res. Brokerage.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Impact Real Estate
    28693 Old Town Front St #300-C
    Temecula CA, 92590