Desert Hot Springs, CA 92240,13704 Avenida Hermosa

$1,230,000

Est. payment /mo

$1,250,000

1.6%
Est.Price: ?

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13704 Avenida Hermosa Desert Hot Springs, CA 92240

4.7 Acres Lot

SOLD DATE : 09/13/2019

Key Details

Sold Price $1,230,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID CV19054392

Sold Date 09/13/19

HOA Y/N No

Year Built 1970

Lot Size 4.700 Acres

Acres 4.7

Property Description

Marcus & Millichap is pleased to present the sale of 13704 Avenida Hermosa. This investment consists of 13 single story, duplex style apartments with a single-family residence feel located in the strong rental market of Desert Hot Springs, California within the greater Inland Empire area. Built in 1970, this property features 69% one bedroom-one bath units totaling 8,383 square feet, built on a 4.70 acre lot, zoned as RL, at 5 units per acre.
This investment opportunity is located within 60 minutes of 100 local golf courses, within 20 minutes of numerous hot spring facilities, and a short drive to Interstate 10 and local shopping centers, providing tenants with convenient access to a wide variety of restaurants and entertainment. This location additionally offers high visibility in an area known for its strong tenancy, stable rent growth and a historically high occupancy rate.

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Zoning TR

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Street Lights

Private Pool No

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 644180006

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by JOHN STEPHENS • MARCUS & MILLICHAP
Bought with JOHN STEPHENS • MARCUS & MILLICHAP

GUIDE SoCal

Broker | License ID: DRE#01976964

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