$2,060,000
$2,200,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/20/2022
Key Details
Sold Price $2,060,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219075088DA
Sold Date 04/20/22
HOA Y/N No
Year Built 1965
Property Description
Property is 2 4-Plexes: 74534 Driftwood ( APN 625162032 ) and 74536 Driftwood ( APN 625162031) to be sold together. Excellent South Palm Desert location. Rents are below market ( see attached rent roll ) so plenty of upside. All units are similar 2bed 1 bath floorplans and approx. 700 sqft each. Market rents are $1650
Location
State CA
County Riverside
Area 323 - South Palm Desert
Interior
Fireplace No
Exterior
Garage Other
View Y/N No
Parking Type Other
Total Parking Spaces 5
Private Pool No
Building
Story 1
Entry Level One
Sewer Unknown
Level or Stories One
Others
Senior Community No
Tax ID 625162032
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Steven Mogavero • Desert Prop - Coachella Valley
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner