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    723 E Cottonwood Rd

    Palm Springs, CA 92262
    • $1,030,000
    • STATUS: Active Under Contract
    • ON SITE: 25 days
    • MLS #: 21-754254
    Under Contract
    $1,030,000
    • 8
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,455
      SQFT
    • $298
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Ratings & Info

    Description

    Lushly landscaped 4 unit Apartment Compound located in the highly desirable El Mirador area of Palm Springs. Unit mix is ideal for owner/user or wealth storage income investment. Units consists of 3-2+2's all on month to month and a separate 2 bedroom 2 bath owners unit with private 600 sq. ft. semi enclosed patio that opens to the pool. Huge upside in potential rents. Owner unit to be vacated after close of escrow Please do not disturb tenants. G.R.M. is based on projected rents.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. 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/118822389
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    723 E Cottonwood Rd Palm Springs, CA 92262

    • Price: $1,030,000
    • Status: Active Under Contract
    • MLS #: 21-754254
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    3,455
    SQFT
    $298
    $/SQFT
    1976
    Built
    Neighborhood:
    Palm Springs Central
    County:
    Riverside
    Area:
    Palm Springs Central
    Property Description
    Lushly landscaped 4 unit Apartment Compound located in the highly desirable El Mirador area of Palm Springs. Unit mix is ideal for owner/user or wealth storage income investment. Units consists of 3-2+2's all on month to month and a separate 2 bedroom 2 bath owners unit with private 600 sq. ft. semi enclosed patio that opens to the pool. Huge upside in potential rents. Owner unit to be vacated after close of escrow Please do not disturb tenants. G.R.M. is based on projected rents.
    Exterior Features

    Lot Size Area 10500 Other Structures None Parking Garage Side By SideUncovered Pool Description In Ground Pool YN Yes Total Parking 6 View Description Mountains View YN Yes

    Interior Features

    Baths Total 8.00 Cooling Air ConditioningCentral Equipment Other Heating Central Laundry Laundry Area Laundry Equipment Lease Water Heater Features Electric

    Property Features

    Assessed Total Value 510000 Gross Income 43200 Gross Operating Income 65512 Land Lease Type Fee Like Units1 3 Like Units2 1 Net Operating Income 20100.00 Number Of Buildings 2 Number Of Units 4 Owner Pays ElectricityPool ServiceWaterGardener Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Tenant Pays Electricity Total Annual Expense 23100 Type Of Units Flats Water Water District Water Heaters YN Yes Year Built Source Assessor Zoning R2

    Listing provided courtesy of Alan Wachman DRE#01047592 of Miller & Desatnik Realty Co..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. 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