Palm Desert, CA 92260,73515 Catalina Way
Palm Desert, CA 92260,73515 Catalina Way
Palm Desert, CA 92260,73515 Catalina Way
Palm Desert, CA 92260,73515 Catalina Way
Palm Desert, CA 92260,73515 Catalina Way
Palm Desert, CA 92260,73515 Catalina Way
See all 29 photos

$732,450

$774,900

5.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2 Beds

1 Bath

7,841 Sqft Lot


SOLD DATE : 03/22/2023

Key Details

Sold Price $732,450

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22228307

Sold Date 03/22/23

Bedrooms 2

HOA Y/N No

Lot Size 7,841 Sqft

Property Description

Great Investor Opportunity: CAP RATE 5+ The Annual Income is $61,800 Total monthly rent income $5,125.00 GRM 12.8 / Low Operating Expenses Profitable NOI. Duplex in downtown Palm Desert Great location in the middle of the San Pablo Redevelopment District. Units are eligible for long-term vacation rental (28 days or more). Newly remodeled September 2022, 100% occupied with new 12-month leases as of October 2022. Each unit has 2 Bedrooms and 1 Bathroom, special features: 1 car garage, shaded private backyards, in-unit laundry, stainless steel appliances, Central air, and Pets Welcomed*. Directly across from the Community Garden, 2 blocks to a brand-new full-size park with recreational equipment, picnic tables, open space, restrooms, and more. Less than 2 miles to the shops in El Paso, McCallum Theater, City Civic Center, College of the Desert, Eisenhower Medical Center, the Living Desert Zoo, and The Palm Desert Mall. Nearby parks are available for sports from soccer to skateboarding. World-Famous Golf, Tennis, and Pickleball tournaments. Local community facilities include The Palm Desert Aquatic Center, Senior Center, Amphitheater, City Hall, Holocaust, Memorial, Family YMCA, Palm Desert Community Center, and gymnasium. Centrally located just a short drive to Palm Springs, Joshua tree, Big Bear, and Lake Arrowhead. * Pets are subject to management approval; additional fees will apply. **Property is unfurnished with exception of previously mentioned appliances Buyer to perform due diligence with palm desert ( https://www.cityofpalmdesert.org/)
Great Investor Opportunity: CAP RATE 5+ The Annual Income is $61,800 Total monthly rent income $5,125.00 GRM 12.8 / Low Operating Expenses Profitable NOI. Duplex in downtown Palm Desert Great location in the middle of the San Pablo Redevelopment District. Units are eligible for long-term vacation rental (28 days or more). Newly remodeled September 2022, 100% occupied with new 12-month leases as of October 2022. Each unit has 2 Bedrooms and 1 Bathroom, special features: 1 car garage, shaded private backyards, in-unit laundry, stainless steel appliances, Central air, and Pets Welcomed*. Directly across from the Community Garden, 2 blocks to a brand-new full-size park with recreational equipment, picnic tables, open space, restrooms, and more. Less than 2 miles to the shops in El Paso, McCallum Theater, City Civic Center, College of the Desert, Eisenhower Medical Center, the Living Desert Zoo, and The Palm Desert Mall. Nearby parks are available for sports from soccer to skateboarding. World-Famous Golf, Tennis, and Pickleball tournaments. Local community facilities include The Palm Desert Aquatic Center, Senior Center, Amphitheater, City Hall, Holocaust, Memorial, Family YMCA, Palm Desert Community Center, and gymnasium. Centrally located just a short drive to Palm Springs, Joshua tree, Big Bear, and Lake Arrowhead. * Pets are subject to management approval; additional fees will apply. **Property is unfurnished with exception of previously mentioned appliances Buyer to perform due diligence with palm desert ( https://www.cityofpalmdesert.org/)

Location

State CA

County Riverside

Area Riv Cty-Palm Desert (92260)

Zoning Public Rec

Interior

Cooling Central Forced Air

Exterior

Exterior Feature Stucco

Parking Features Unit1:Assigned

Building

Lot Description Corner Lot, Curbs, Sidewalks

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Monthly Total Fees $72

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA

Space Rent $2,575

Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA

Financing Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Timothy Austin • Broker Groves, Inc
Bought with NON LISTED AGENT • San Diego
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.