2980 E Ranchero Drive,
Palm Springs CA, 92262
Description
Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. It totals 17 bedrooms and 10 bathrooms with about 9,000 sf+/-. It is comprised of (2) 3BR/2BTH units, (5) 2 BR/1BTH units and a (1) 1BR/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals or converting it to a sober living home, senior living community or a possible condo conversion. Zoned R-2. Projected rents estimated at $15K+ per month. NOTE: Unit #1-3BR/2BTH is owner occupied and not on rent roles. CAP rate of 6% estimated. Units have modern, high end kitchens/bathrooms, tile flooring throughout, high ceilings, dual pane windows, washer/dryer in every unit and individual gas/electric meters. Complex close to public transportation and shopping. This is a superior complex ready for your investment direction. MLS pictures from 20
Details
| MLS# | 20661096 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 61 |
Features
| SQ Feet | 9,000 |
|---|---|
| Units | 8 |
| Building(s) | 1 |
Market Activity 92262
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Learn More About This Property
| Area Information | |
|---|---|
| State | CA |
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 332 - Central Palm Springs |
| Listing VS Median (in 92262) | |
Price: $2,550,000 low | high Med: $432,500 SqFt: 9,000 low | high Med: 1,745 $ / SqFt: $283 low | high Med: $258 On Site: 61 low | high Med: 84.5 | |
MLS Number: 20661096Listing Provided By:
Gil Rose of HomeSmart Professionals