This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
511 E Chuckwalla Rd
Palm Springs, CA 92262
Multifamily Property For Sale
·
5 Units
Property Facts
| No. Units | 5 | Building Size | 3,341 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 0.24 AC | Cross Streets | N. Via Maraleste |
| Zoning | R3 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,341 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.8/1,000 SF |
| Cross Streets | N. Via Maraleste |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Views
- Patio
- Porch
- Window Coverings
Site Amenities
- Courtyard
- Pool
- Gas Range
- Trash Pickup - Curbside
- Sundeck
About 511 E CHUCKWALLA RD , PALM SPRINGS, CA 92262
Private financing up to $400,000 is now available, submit terms. 5 Units, Pool, 2 blocks from downtown. Sellers just completed $50,000 major rehab! Excellent investment opportunity (5.3% cap rate) near downtown Palm Springs with great appreciation potential. Major upgrades including solar panels, new paint, appliances, new energy-efficient windows, replastered pool and deck with new equipment, new desert landscaping, and new exterior lighting. There are two (2) one-bedroom units and three (3) large studios suites with separate kitchens and bedroom areas. Two (2) units are completely refurbished including split system HVAC and new appliances. All units are currently rented on a month-to-month basis. There are spectacular mountain views from the patios and pool area. Tenants pay cable. It is located in a very up-and-coming neighborhood in central Palm Springs and is close to downtown, public transportation, and schools. See attachments for 2019 income and expense statements.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+5 | 5 | $1,048 | 2,600 |
Property Taxes
| Parcel Number | 507-024-009 | Improvements Assessment | $633,222 |
| Land Assessment | $158,033 | Total Assessment | $791,255 |
Property Taxes
