$915,000
$889,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
351 E Cottonwood RD Palm Springs, CA 92262
0.25 Acres Lot
Key Details
Sold Price $915,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision El Mirador
MLS Listing ID 219050894PS
Sold Date 11/23/20
HOA Y/N No
Year Built 1947
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Known as the Acacia Inn, this storied property has the feel of old Hollywood. Gated and well maintained 4 unit plus detached main house is an investor's dream. Impressive Gross Rent Multiplier and CAP rate! Live on site in the main house and keep rental income on the occupied units.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Central, None
Cooling WallWindowUnits
Flooring Tile
Fireplaces Type FamilyRoom
Fireplace Yes
Appliance WaterHeater
Exterior
Garage SideBySide, Unassigned
Pool Community, Gunite, InGround
Community Features Gated, Pool
View Y/N Yes
View Mountains
Parking Type SideBySide, Unassigned
Total Parking Spaces 6
Private Pool No
Building
Story 1
Others
HOA Name Village Management
Senior Community No
Tax ID 507023001
Security Features GatedCommunity
Acceptable Financing Cash, OwnerMayCarry
Listing Terms Cash, OwnerMayCarry
Financing Conventional
Special Listing Condition Standard
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Bought with Joy Lynn Thayer • Desert Tara Tori Properties
GUIDE SoCal
Broker | License ID: DRE#01976964