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Key Details
Sold Price $605,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cathedral City Cove
MLS Listing ID 219022893DA
Sold Date 12/24/19
HOA Y/N No
Year Built 1970
Annual Tax Amount $6,858
Tax Year 2018
Lot Size 0.252 Acres
Property Description
A Great find. Four-plex of all 2BR/2BA units (approx. 800sf ea) in South Cathedral City, produces a steady stream of income. Current rents are $875/per unit. Upside potential of $925-$950/m. Each home has 2 parking spaces, a courtyard entrance (think private compound) for all units and a laundry room for all residence use (coin operated). The owner has continued to make improvements in recent years, replacing carpets and tile, connected to sewer and installing new heat pumps on the roof as needed. Replaced the roof 5 years ago approx. Property location is a desirable South Cathedral City Cove. Backing to the Santa Rosa Mountain Range provides views and privacy.
Location
State CA
County Riverside
Area 336 - Cathedral City South
Interior
Heating Electric, Forced Air, Heat Pump
Cooling Heat Pump
Flooring Carpet, Tile
Fireplace No
Appliance Electric Water Heater, Water Heater
Exterior
Garage Driveway
View Y/N Yes
View Mountain(s)
Parking Type Driveway
Total Parking Spaces 8
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 687102001
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Tomer Tzadok • Regional Real Estate
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