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    73385 Shadow Mountain Drive

    Palm Desert, CA 92260
    • $1,195,000
    • STATUS: Active Under Contract
    • ON SITE: 26 days
    • ID#: 21686784
    Under Contract
    UPDATED: 63 min ago
    $1,195,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,114
      SQFT
    • $290
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    Income producing fully rented mid-century tri-plex located in South Palm Desert one block from El Paseo. This one of a kind tri-plex is larger than most with (3) units all with two bedrooms and two baths. The largest unit has living, dining, large kitchen with updated tile flooring, kitchen and baths. The bookend unit is also spacious with a great covered private patio, updated kitchen, baths and flooring. The middle unit has has two bedrooms and two baths and all units have laundry inside with washer/dryers. In addition its a rare find to have (4) garage spaces with (1) for each unit and (1) spare that could be perhaps rented out for additional income and there are also (4) additional parking spots at the property. Center courtyard is a great communal area however each unit also has it's own private rear yard area too. Newer systems and great location make this perfect for cash flow investors or live in one and reward yourself with income producing neighbors and no HOA!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T17:32:01.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.necolrealty.com/homes/113886782
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    73385 Shadow Mountain Drive Palm Desert, CA 92260

    • Price: $1,195,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • ID#: 21686784
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    4,114
    SQFT
    $290
    $/SQFT
    1967
    Built
    Neighborhood:
    323 - South Palm Desert
    County:
    Riverside
    Area:
    323 - South Palm Desert
    Property Description
    Income producing fully rented mid-century tri-plex located in South Palm Desert one block from El Paseo. This one of a kind tri-plex is larger than most with (3) units all with two bedrooms and two baths. The largest unit has living, dining, large kitchen with updated tile flooring, kitchen and baths. The bookend unit is also spacious with a great covered private patio, updated kitchen, baths and flooring. The middle unit has has two bedrooms and two baths and all units have laundry inside with washer/dryers. In addition its a rare find to have (4) garage spaces with (1) for each unit and (1) spare that could be perhaps rented out for additional income and there are also (4) additional parking spots at the property. Center courtyard is a great communal area however each unit also has it's own private rear yard area too. Newer systems and great location make this perfect for cash flow investors or live in one and reward yourself with income producing neighbors and no HOA!
    Exterior Features

    Architectural Style Mid Century Modern Construction Materials StuccoWood Siding Garage Spaces 4.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageUncovered Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Appliances DishwasherMicrowaveOven Appliances YN Yes Cooling Central Air Cooling YN Yes Flooring Tile Heating Central Heating YN Yes Laundry Features Inside Levels One

    Property Features

    Additional Parcels YN No Country Us Financial Info As Of 2021-01-15 00:00:00 Gross Income 59368.00 Gross Multiplier 20.13 Gross Operating Income 59368.00 Land Lease YN No Laundry YN Yes Net Operating Income 32658.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Number Wall AC 0 Number With Carpet 1 Number With Dishwasher 3 Number With Disposal 3 Number With Patio 3 Number With Range 3 Number With Refrigerator 3 Property Condition Updated/Remodeled Rent Control YN No Security Features Fire And Smoke Detection System Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays ElectricityGasWater Total Expenses 26710.00 Vacancy Allowance Rate 0.00 Zoning R313m

    Listing provided courtesy of P S Properties of Bennion Deville Homes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T17:32:01.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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