74218 Alessandro Drive
Palm Desert, CA 92260

Description

This is a great opportunity to purchase an income producing asset with a current rate CAP of 4.6%. Do nothing but collect the income and/or plan for expansion on this +/-.25 acre property. Perfect for a development play since it sits within the Downtown Edge Overlay (DOE) zoning of Palm Desert! The two separate units (+/-410sf each) have new completely remodeled bathrooms and kitchens. The single unattached laundry facility is located at the north end of the property. A beautiful pebble tech pool sits inside the secured gates of the property.

Details

MLS#219006943DA
Sub-TypeResale
StatusActive
Year1957
Days On Site22

Features

SQ Feet918
Units2
Building(s)1

Market Activity 92260

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Area Information

StateCA
CountyRiverside
CityPalm Desert
Zip Code92260
Area322 - North Palm Desert
Listing VS Median (in 92260)
Price:
$319,500
low | high
Med:
$339,000
43.896713615023% of Average
SqFt:
918
low | high
Med:
1,350
2.941176470588% of Average
$ / SqFt:
$348
low | high
Med:
$251
77.849765258216% of Average
On Site:
22
low | high
Med:
41
53.658536585366% of Average
Listing Updated: 03/25/2019
MLS Number: 219006943DA
Listing Provided By:
Kenneth Stemmer  of  OZA Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.