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70265 Aurora Rd 3,672 SF Specialty Building Offered at $945,000 at a 7.41% Cap Rate in Desert Hot Springs, CA 92241
Investment Highlights
- Sale-leaseback at +7% CAP rate!
- Indoor Pool + Separate Multipurpose Building
- Gated entrance
- Located within the mineral springs region of Desert Hot Springs
- Amazing Views of San Jacinto Mountains
Executive Summary
Wilson Meade Commercial is pleased to present the opportunity to acquire 70265 Aurora Road - an income producing residential asset along with a freestanding indoor pool, shaded gazebo, and a detached multipurpose building formerly used as a church.
The primary residence consists of a two story 5-bed/ 4-bath home currently operating as a duplex, with separate entrances to both the upstairs floor and ground level floor.
The seller is willing to execute a triple net leaseback at $70,000 per year - allowing new ownership to enjoy immediate income at a 7.41% CAP rate. Call broker for more details!
The primary residence consists of a two story 5-bed/ 4-bath home currently operating as a duplex, with separate entrances to both the upstairs floor and ground level floor.
The seller is willing to execute a triple net leaseback at $70,000 per year - allowing new ownership to enjoy immediate income at a 7.41% CAP rate. Call broker for more details!
Property Facts
| Price | $945,000 | Building Class | C |
| Price Per SF | $257.35 | Lot Size | 0.92 AC |
| Sale Type | Investment | Building Size | 3,672 SF |
| Cap Rate | 7.41% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1984 |
| Property Subtype | Residential Income | ||
| Zoning | W-2 - Residential zoning W-2 a retreat center, wellness resort, or boutique vacation rental property thanks to the spa amenities, meeting space, and chapel. | ||
| Price | $945,000 |
| Price Per SF | $257.35 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 3,672 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Zoning | W-2 - Residential zoning W-2 a retreat center, wellness resort, or boutique vacation rental property thanks to the spa amenities, meeting space, and chapel. |
Amenities
- Air Conditioning
- Smoke Detector
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Property Taxes
| Parcel Number | 654-200-057 | Improvements Assessment | $403,760 |
| Land Assessment | $100,940 | Total Assessment | $504,700 |
Property Taxes
Parcel Number
654-200-057
Land Assessment
$100,940
Improvements Assessment
$403,760
Total Assessment
$504,700
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70265 Aurora Rd
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