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$950,000
Est. payment /mo
3,800 SqFt
UPDATED:
10/18/2024 01:07 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $250
MLS Listing ID CRSR24087806
HOA Y/N No
Year Built 1967
Lot Size 10,019 Sqft
Acres 0.23
Property Description
This is the building for you if you’re looking for a good return with low hassle. The building and parking area are in excellent condition with almost no common area to maintain and minimal exterior lighting. Location in DeMuth Park West which is a quiet neighborhood in central Palm Springs. Demuth Park sits on the south side of the neighborhood, giving the locals a 61-acre public green space full of sports fields, tennis courts, and playgrounds. Residents also enjoy easy access to many of Palm Springs’ legendary golf courses such as Mesquite Golf Club and Tahquitz Creek Golf Resort. The community’s location just south of Palm Springs International Airport is perfect for traveling professionals and airport employees. Financial information provided is from 2023 directly from the property manager income statement. Water, trash, sewer, and insurance numbers are from 2022. Property taxes not included in CAP rate calculations.
Location
State CA
County Riverside
Area Listing
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Community Facility
Building
Lot Description Other, Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 680045002
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Listed by Laurence Cook • Compass
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122