Sold
Closed
73515 Catalina Way
Palm Desert CA, 92260
$732,450
$352.82 per sqft
Sold
Closed
2,076 sqft
Multi-family
Built in 1960
Listed by Timothy Austin with Broker Groves, Inc 619-519-4453
Great Investor Opportunity: CAP RATE 5+ The Annual Income is $61,800 Total monthly rent income $5,125.00 GRM 12.8 / Low Operating Expenses Profitable NOI.
Duplex in downtown Palm Desert Great location in the middle of the San Pablo Redevelopment District. Units are eligible for long-term vacation rental (28 days or more). Newly remodeled September 2022, 100% occupied with new 12-month leases as of October 2022. Each unit has 2 Bedrooms and 1 Bathroom, special features: 1 car garage, shaded private backyards, in-unit laundry, stainless steel appliances, Central air, and Pets Welcomed*.
Directly across from the Community Garden, 2 blocks to a brand-new full-size park with recreational
equipment, picnic tables, open space, restrooms, and more. Less than 2 miles to the shops in El Paso, McCallum Theater, City Civic Center, College
of the Desert, Eisenhower Medical Center, the Living Desert Zoo, and The Palm Desert Mall. Nearby parks are available for sports from soccer to skateboarding. World-Famous Golf, Tennis, and Pickleball tournaments.
Local community facilities include The Palm Desert Aquatic Center, Senior Center, Amphitheater, City Hall, Holocaust, Memorial, Family YMCA, Palm Desert Community Center, and gymnasium. Centrally located just a short drive to Palm Springs, Joshua tree, Big Bear, and Lake Arrowhead.
* Pets are subject to management approval; additional fees will apply.
**Property is unfurnished with exception of previously mentioned appliances
Buyer to perform due diligence with palm desert ( https://www.cityofpalmdesert.org/)
PW22228307
MLSⓇ ID
October 24, 2022
Listed
August 28, 2024
Updated
Map
73515 Catalina Way
Palm Desert CA, 92260
Interior Features
Total Stories
1
Interior Features
Ceiling Fan(s), Pantry, Stone Counters, Recessed Lighting, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Appliances
Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Warming Drawer, Dryer, Washer
Laundry Description
Inside
Floor Description
Laminate
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.18 Acres
Exterior Features
Lighting, Rain Gutters
Lot Features
2-5 Units/Acre, Back Yard, Corner Lot, Desert Front, Front Yard, Sprinklers In Front, Landscaped, Near Park, Near Public Transit, Sprinklers Timer
Architectual Style
Traditional
Sewer
Public Sewer
Other Property Details
Area Name
323 - South Palm Desert
Days on Market
46
Garage
Yes
Garage Spaces
2
Parking
Assigned, Driveway, Garage
Parking Total
4
View
Yes
View Description
City Lights, Mountain(s), Neighborhood, Trees/Woods
County
Riverside
Water Source
Public
Pool
No
Pool Features
None
Zoning
R2
Listing Contact: 619-519-4453
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/28/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/28/2024 at 10:37 PM UTC