Palm Springs, CA 92262,2685 N Junipero AVE
Palm Springs, CA 92262,2685 N Junipero AVE
Palm Springs, CA 92262,2685 N Junipero AVE
49
$1,160,000
$1,150,000
0.9%
Est.Price: ?

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0.26 Acres Lot

2685 N Junipero AVE Palm Springs, CA 92262

Est. payment /mo
SOLD DATE : 12/14/2021

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Key Details

Sold Price $1,160,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Chino Canyon

MLS Listing ID 219069430DA

Sold Date 12/14/21

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 0.260 Acres

Property Description

Nicely renovated and upgraded Fourplex property located in the Little Tuscany neighborhood of Chino Canyon in Palm Springs is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is currently vacant, however it can be sold fully occupied with all tenants on one-year leases or otherwise, if negotiated. The property has been under Property Management and rents have been confirmed for the current market rate with a projected CAP rate of 5.37%, possibly higher. The original plan was to immediately rent all units, which are in high demand, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, including short term vacation rentals, keeping one unit or more for personal or family use or simply having control over who you wish to rent for and for what terms. A List of Upgrades and Renovation Work, Floor Plans, Income, Operating Expenses and projected Rent Roll available upon request.

Location

State CA

County Riverside

Area 331 - North End Palm Springs

Interior

Heating Central, Natural Gas

Cooling Central Air

Flooring Tile

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Vented Exhaust Fan, Water Heater

Exterior

Parking Features Other, Side By Side

View Y/N No

Roof Type Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Level

Story 1

Entry Level One

Foundation Slab

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 504072008

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Doug Fischer • Coldwell Banker Realty
Bought with Shane Zuspan • Fathom Realty Group Inc.

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Chad Nason

Agent | License ID: 02009648

+1(562) 972-3274

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