$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
6 Beds
5 Baths
3,300 SqFt
Key Details
Sold Price $915,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $277
Subdivision El Mirador
MLS Listing ID 219050894
Sold Date 11/23/20
Bedrooms 6
Full Baths 5
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 - Palm Springs Central
Interior
Heating Central, None, Other
Cooling Air Conditioning, Ceiling Fan(s), Wall/Window Unit(s)
Fireplaces Number 1
Fireplaces Type Gas & Wood
Exterior
Garage false
Pool Community, Gunite, In Ground
View Y/N true
View Mountain(s)
Private Pool Yes
Building
Story 1
Entry Level Ground
Sewer In, Connected and Paid
Others
Senior Community No
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
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