920 E Cottonwood Rd, PALM SPRINGS, 92262

Residential Income - Fourplex For Sale

$549,000

Beds
Baths
2,400Sqft
¼Acres
1951Built
55DOM
MLS® #: OC20072316MR
Active, 55 Days on Market

Thanks for looking! This is a mid century (1951) Art Deco building. Four large studios on a 1/4 acre lot! Centrally located near everything Palm Springs has to offer. A waiting list for new tenants. Long term tenants, Two over seven years! Wonderfully maintained by the local owner with many upgrades. The east part of the parcel has room for a pool or (check with the city) ability to build a sfr residence. Possibly more with a P.S. variance. Separate electrical meters. Lots of uncovered parking. Impeccable interiors and outside landscape. Laundry room, machines conveyed with title. Similar properties have rents near $1,000 per month. Please check the financing option. With 30% and a well qualified purchaser, owner MAY do an installment sale and finance for 15 years.

Essential Information

MLS® #: OC20072316MR
Price: $549,000
Bathrooms: 0.00
Square Footage: 2,400
Acres: 0.25
Year Built: 1951
Type: Residential Income
Sub-Type: Fourplex
Status: Active

Community Information

Address: 920 E Cottonwood Rd
Area: Palm Springs Central
City: PALM SPRINGS
County: Riverside
State: CA
Zip Code: 92262

Amenities

Pool: None

Interior

Appliances: Range
# of Stories: 1

Exterior

Roof: Other, Elastomeric

Additional Information

Date Listed: April 11th, 2020
Days on Market: 55
Zoning: R2

Listing Details

Listing Agent: Carl Mitrak (00519085)
Listing Office: Re/Max Consultants
Contact Ron Parks: Phone: 760-883-8613

Financials

$/SqFt: $229
Based on information from CARETS as of June 6th, 2020 at 11:25am PDT. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.