$1,025,000
$1,125,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
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!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Lisa Jobe • Bennion Deville Homes
Making real estate fast, fun, and stress-free!