$1,230,000
$1,250,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
13704 Avenida Hermosa Desert Hot Springs, CA 92240
4.7 Acres Lot
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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Bought with JOHN STEPHENS • MARCUS & MILLICHAP
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Broker | License ID: DRE#01976964