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- LoopNet Team
1900 E Baristo Rd
Palm Springs, CA 92262
Good Cash Flow 7-Unit Multi-Family · Multifamily Property For Sale
·
7 Units
Investment Highlights
- $50,000 in Renovations Over Last 3 Years
- Market Rents: 5 Units Eligible for Increases in 2020
- No Deferred Maintenance
- Property NOT Under Palm Springs Rent Control Law
Property Facts
| No. Units | 7 | Building Size | 5,231 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | R2 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,231 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R2 |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
- Pool
- Sundeck
About 1900 E BARISTO RD , PALM SPRINGS, CA 92262
The property is located in the Sunrise Park neighborhood of Palm Springs, across the street from the Palm Springs High School and Library, a short distance from plenty of retail and shopping, and a quick drive to the Palm Springs International Airport. A sun-filled patch of desert surrounded by mountains, Palm Springs naturally developed as a resort town. Popular events include the Palm Springs International Film Festival and the Palm Springs Festival of Lights Parade. Palm Springs sits in the Sonoran Desert which offers, hot springs, the Palm Springs Aerial Tramway, the Palm Springs Art Museum, and the beautiful Mount San Jacinto State Park. Palm Springs is roughly an hour southeast of Los Angeles and has long been a getaway for celebrities and movie stars.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 381 |
| 1+1 | 5 | - | 734 |
| 3+2 | 1 | - | 1,511 |
Property Taxes
| Parcel Number | 502-182-004 | Improvements Assessment | $865,945 |
| Land Assessment | $216,485 | Total Assessment | $1,082,430 |
Property Taxes
