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66365 7th Street

Desert Hot Springs, CA 92240
  • $1,850,000
  • STATUS: ACTIVE
  • ON SITE: 73 Days
  • ID#: IV23177328
UPDATED: 76 min ago
$1,850,000
  • 11
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Apartment consist of Eleven (11) Units currently of 5,350 square feet. The Apartments are composed of five (5) Studios, Five (5) One bedroom One-bathroom Units and One (1) 2-bedroom One bath Units. The property is located on 0.45 acres built in 1960. The buildings currently operate at 90% occupancy. Desert Hot Springs is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix. Pro Forma CAP Rate of 6.25%. Added Solar Panels, totaling $175,000, Drastically reducing Utility Bills. All Units Have Been Renovated. Over $225K in recent capital improvements. Apartment consist of Eleven (11) Units currently of 5,350 square feet. The Apartments are composed of five (5) Studios, Five (5) One bedroom One-bathroom Units and One (1) 2-bedroom One bath Units. The property is located on 0.45 acres built in 1960. The buildings currently operate at 90% occupancy. Desert Hot Springs is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix. Pro Forma CAP Rate of 6.25%. Added Solar Panels, totaling $175,000, Drastically reducing Utility Bills. All Units Have Been Renovated. Over $225K in recent capital improvements.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143622397
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66365 7th Street Desert Hot Springs, CA 92240

  • Price: $1,850,000
  • Status: ACTIVE
  • On Site: 73 Days
  • Updated: 76 min ago
  • ID#: IV23177328
11
Beds
0
Baths
0
½ Baths
0.45
Acres
Neighborhood:
Riv Cty-Desert Hot Spri (92240)
County:
Riverside
Area:
Riv Cty-Desert Hot Spri (92240)
Property Description
Apartment consist of Eleven (11) Units currently of 5,350 square feet. The Apartments are composed of five (5) Studios, Five (5) One bedroom One-bathroom Units and One (1) 2-bedroom One bath Units. The property is located on 0.45 acres built in 1960. The buildings currently operate at 90% occupancy. Desert Hot Springs is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix. Pro Forma CAP Rate of 6.25%. Added Solar Panels, totaling $175,000, Drastically reducing Utility Bills. All Units Have Been Renovated. Over $225K in recent capital improvements. Apartment consist of Eleven (11) Units currently of 5,350 square feet. The Apartments are composed of five (5) Studios, Five (5) One bedroom One-bathroom Units and One (1) 2-bedroom One bath Units. The property is located on 0.45 acres built in 1960. The buildings currently operate at 90% occupancy. Desert Hot Springs is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix. Pro Forma CAP Rate of 6.25%. Added Solar Panels, totaling $175,000, Drastically reducing Utility Bills. All Units Have Been Renovated. Over $225K in recent capital improvements.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Heat Equipment N/K Stories 2 Story Total Baths Unit1 0 Total Baths Unit2 0 Total Baths Unit3 0

Property Features

Annual Expense Actual 17500 Buildings 2 Cfd Mello Roos Fee 2274.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 163680 Monthly Total Fees 189 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1100.0 Unit2 Rent Actual 1300.0 Unit3 Rent Actual 1600.0 Zoning Public Rec

San Diego MLS logo Listing provided courtesy of Albert Le of Le Investment Group: 909-256-7889. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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