$795,000
$785,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
0.46 Acres Lot
SOLD DATE : 01/15/2021
Key Details
Sold Price $795,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Little Tuscany (33233)
MLS Listing ID PW20220961
Sold Date 01/15/21
HOA Y/N No
Lot Size 0.460 Acres
Property Description
Tremendous investment opportunity in Palm Springs! Property has excellent potential for redevelopment. Recent changes to State law would allow construction of up to two ADUs (Accessory Dwelling Units) in addition to the redevelopment of the existing six units on the property. Six-unit apartment building with consistent rental income, located West of Palm Canyon Drive and within walking distance to downtown. Contact listing agent for additional information. Buyers to confirm with the city regarding zoning and development potential. All information not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk property without permission.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Zoning RGA
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Sidewalks
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N Yes
View Mountain(s)
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 504300007
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Chris Menrad • Compass
"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