74630 Shadow Hills Road

    Palm Desert, CA 92260
    • $1,775,900
    • STATUS: Active
    • ON SITE: 152 days
    • ID#: 218017352DA
    UPDATED: 55 min ago
    $1,775,900
    • 0
      BEDS
    • 0.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    ​8-Unit Property with Pool at ​74630 Shadow Hills Rd in South Palm Desert:​ ​Eight 2-bd/2-ba units, pool​ and carports ​situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 4.81%.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T11:30:53.543. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/84692428

    74630 Shadow Hills Road Palm Desert, CA 92260

    • Price: $1,775,900
    • Status: Active
    • Updated: 55 min ago
    • ID#: 218017352DA
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.61
    Acres
    Neighborhood:
    Not Applicable-323 (Na323)
    County:
    Riverside
    Area:
    323 - South Palm Desert
    Property Description
    ​8-Unit Property with Pool at ​74630 Shadow Hills Rd in South Palm Desert:​ ​Eight 2-bd/2-ba units, pool​ and carports ​situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 4.81%.
    Exterior Features

    Carport Spaces 16.00 Construction Materials StuccoFrame Garage Spaces 0.00 Lot Features LawnLot Shape-IrregularLot-Level/Flat Lot Size Source Assessor Parking Total 16.00 Pool Features In GroundGunite Pool Private YN Yes Roof Rolled/Hot MopFlat Spa YN No View YN No

    Interior Features

    Appliances Gas Cooking Appliances YN Yes Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 990 Average3 Bed Area 0 Cooling Central Cooling YN Yes Fireplace YN No Heating Central Furnace Heating YN Yes Levels Two

    Property Features

    Association Amenities Other Cable Tv Expense 0.00 Cap Rate 2.85 Community Features Curbs Electric Expense 500.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 6700.00 Gross Multiplier 22.09 Gross Operating Income 0.00 Gross Scheduled Income 80400.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 1600.00 Land Lease Amount 0.00 Land Lease YN No Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 50630.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Number With Dishwasher 8 Number With Disposal 8 Number With Patio 0 Number With Range 8 Number With Refrigerator 8 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 1560.00 Professional Management Expense 0.00 Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Subdivision Name Other Not Applicable-323 (Na323) Supplies Expense 0.00 Tax Rate 0.00 Tax Year 1 Taxes Percent 0.00 Tenant Pays ElectricityGas Total Actual Rent 0.00 Total Expenses 32460.00 Trash Expense 0.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 0.00 Water Source Public Workmans Compensation Expense 0.00 Zoning N.A.

    Listing provided courtesy of Doug Fischer of Coldwell Banker Res. Brokerage.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T11:30:53.543. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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