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    11220 Palm Dr

    Desert Hot Springs, CA 92240
    • $1,980,000
    • STATUS: Active
    • ON SITE: 74 days
    • MLS #: 21-700424
    UPDATED: 13 min ago
    $1,980,000
    • 21
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $198
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    2 Townhouse style front unit/owner unit, 2 Bed 1.5 Bath, one of the two has a a balcony and view, as well as a suite on the far side. 90%-100% occupied at any given time. Boutique hotel, motel and spa, 19 units with kitchenet. Desert Hot Springs, great location, adjacent to Palm Desert and Palm Springs. Appraised over a year ago for $2.450,00.00 . Price per rooms are average $349.00 per week, (lowest in the area). Used to be an apartment structure, every unit is equipped with separate meters. This property has huge upside potential. With $390,000 down owner will carry balance. Please do not disturb the Manager

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T13:43:15.957. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/114720402
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    11220 Palm Dr Desert Hot Springs, CA 92240

    • Price: $1,980,000
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 21-700424
    21
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    10,000
    SQFT
    $198
    $/SQFT
    1966
    Built
    Neighborhood:
    Vista Palms
    County:
    Riverside
    Area:
    Desert Hot Springs
    Property Description
    2 Townhouse style front unit/owner unit, 2 Bed 1.5 Bath, one of the two has a a balcony and view, as well as a suite on the far side. 90%-100% occupied at any given time. Boutique hotel, motel and spa, 19 units with kitchenet. Desert Hot Springs, great location, adjacent to Palm Desert and Palm Springs. Appraised over a year ago for $2.450,00.00 . Price per rooms are average $349.00 per week, (lowest in the area). Used to be an apartment structure, every unit is equipped with separate meters. This property has huge upside potential. With $390,000 down owner will carry balance. Please do not disturb the Manager
    Exterior Features

    Entry Location Ground Level - No Steps Exterior Construction Stucco Lot Description Corners Established Lot Location Corner Lot Lot Size Area 17112 Other Structures None Parking Garage DrivewayParking Space Patio Features Porch Paved YN Yes Pool Description FencedFilteredTile Pool YN Yes Roof Flat Spa Association Spa Spa YN Yes Sprinklers Front Tennis Court None Tennis YN No Total Parking 15

    Interior Features

    Bathroom Features TileShower Stall Baths Total 21.00 Bedroom Features Master Suite Cooking Appliances OvenMicrowaveElectric Cooling Window Unit(S) Den Yes Dining Room No Equipment CableCeiling Fan Family Room No Fireplace Rooms None Flooring CarpetLaminate Foundation Details Slab Heating Electric Interior Features Furnished Kitchen Features Kitchenette Laundry Community Laundry Equipment Own Rooms Den

    Property Features

    Alley YN No Assessed Total Value 442563 Disability Access None Gross Income 19000 Gross Operating Income 240000 Like Units1 19 Net Operating Income 9000.00 Number Of Buildings 1 Number Of Units 19 Rent Control YN No Sale Type Standard Source Living Area Estimated Source Lot Size Area Plans Total Annual Expense 8000 TVServices Cable Tv Type Of Units Studio Year Built Source Assessor Zoning Lc

    Listing provided courtesy of Kenneth Jacobi DRE#00797202 of South State Real Estate Managment, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T13:43:15.957. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270