Palm Desert, CA 92260,74140 Candlewood ST
Palm Desert, CA 92260,74140 Candlewood ST
Palm Desert, CA 92260,74140 Candlewood ST
Palm Desert, CA 92260,74140 Candlewood ST
Palm Desert, CA 92260,74140 Candlewood ST
Palm Desert, CA 92260,74140 Candlewood ST
See all 20 photos

$1,025,000

$1,125,000

8.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

0.35 Acres Lot


SOLD DATE : 07/10/2013

Key Details

Sold Price $1,025,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 21470419DA

Sold Date 07/10/13

Construction Status Repairs Major

HOA Y/N No

Year Built 1962

Annual Tax Amount $13,500

Lot Size 0.350 Acres

Property Description

These 11 units are located in an excellent Palm Desert neighborhood, south of Highway 111 & an easy walk to El Paseo. The complex consists of 3 tax parcels (625-171-007,008 & 009) with a street address of 74140 & 74176 Candlewood St. The listing price includes all 3 parcels. Three units were built in 2003 & offer 3 covered carport parking spaces. Eight units to the east, were built in 1962 & include an in-ground swimming pool that is available for use by all tenants. Separating the triplex and eight units, the middle tax parcel, is off-street parking for roughly 16 vehicles. The 3 newer units are separately metered, while the owner pays all utilities on the older 8 units. Seller requests that all 3 tax parcels be sold together. Owning the property as separate tax parcels would allow one or two parcels to be sold separately at some future time, or for the triplex to be refinanced using up to 30-year conventional financing (4 or less units) at some future time, both major benefits.

Location

State CA

County Riverside

Area 323 - South Palm Desert

Interior

Heating Electric, Forced Air, Natural Gas

Fireplace No

Appliance Gas Water Heater, Water Heater

Exterior

Carport Spaces 3

Pool Gunite, In Ground

View Y/N Yes

View Mountain(s)

Roof Type Composition,Concrete,Shingle,Tile

Total Parking Spaces 22

Private Pool Yes

Building

Lot Description 2-5 Units/Acre, Level, Rectangular Lot

Story One

Entry Level One

Foundation Slab

Level or Stories One

New Construction No

Construction Status Repairs Major

Others

Senior Community No

Tax ID 625171009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Doug Fischer • Coldwell Banker Realty
Bought with Lisa Jobe • Bennion Deville Homes
agent-avatar

Making real estate fast, fun, and stress-free!

+1(951) 760-8943

mark@markperryrealty.com

41823 Enterprise Circle N #130, Temecula, CA, 92590, USA

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.