583 S Calle Abronia Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92264
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Warm Sands (33520)
MLS Listing ID IG25076428
HOA Y/N No
Year Built 1936
Lot Size 6,098 Sqft
Property Sub-Type Quadruplex
Property Description
Introducing a unique investment opportunity awaited by astute investors and developers alike. A charming quadraplex, minimal maintenance property, with few operating expenses, nestled in the scenic neighborhood of Palm Springs. This property boasts a diverse unit mix, including one spacious 2-bedroom, 1-bath unit, two comfortable 1-bedroom, 1-bath units, and one extra-large studio with one bathroom and a separate kitchen. These units combine ample living space with functional design that maximizes space and comfort. Each unit has its own washer & dryer and electric meter.
Parking is never an issue, with assigned parking for each tenant. This quadraplex is not just a place to live, it is an investment in comfort and convenience, promising long-term rental income prospects and immediate returns with a Cap rate of about 7.
Location is the ace in the hole for this property! Centrally located to several golf courses nearby for convenience, and popular courses a bit farther out. A short stroll away is the Ramon at Indian Canyon bus station, placing convenience right on your tenant's doorstep. The Grocery Outlet is a mere stone's throw away for your grocery runs. Tahquitz Canyon offers acres of natural beauty that is less than a mile away for those moments when grounding calls. It's the perfect backdrop for those Instagram-worthy sunset pics or a serene morning jog!
Whether you're looking to live in one unit and accommodate multiple tenants in the other units, this property blends functionality with charm, set against the picturesque backdrop of Palm Springs. Turn this property into your profitable income property or your private oasis— or why not a bit of both? Opportunities are knocking; make sure you're home!
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning R2
Interior
Interior Features All Bedrooms Down
Heating Central,Ductless,High Efficiency,Wall Furnace
Cooling Central Air,ENERGY STAR Qualified Equipment,Wall/Window Unit(s)
Flooring Laminate,Tile
Fireplaces Type None
Inclusions Refrigerator, Stove/Oven, Washer/Dryers
Fireplace No
Appliance Dishwasher,Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Dryer,Washer
Exterior
Exterior Feature Awning(s),Lighting
Fence Wood
Pool None
Community Features Street Lights
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
View Y/N Yes
View Mountain(s),Neighborhood
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Foundation Brick/Mortar,Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 508124012
Energy Description 30.0
Acceptable Financing Cash,Cash to Existing Loan,Conventional,Freddie Mac
Listing Terms Cash,Cash to Existing Loan,Conventional,Freddie Mac
Special Listing Condition Standard