700 N Riverside Dr
Palm Springs, CA 92264

Bd   — Ba   3,750 Sqft
Beautifully landscaped 8 unit corner apartment building situated in the Tahquitz River Estates area of Palm Springs. The property is located in the high demand rental area in very close proximity to downtown Palm Springs along the revitalized Tahquitz River Parkway. Controlled access entry to the property opens to a warm and spacious courtyard setting with an inviting pool set off to the side of the common area. Central heat & air, laundry room, master metered for utilities and off street parking for 11 cars. Moderate upside in the rents with the potential for more added value. Units 5 and 7 are projected rents. This is an ideal investment opportunity for the first time buyer or for a savvy investor who is interested in adding to their portfolio. Lot size is approximate. Please see attached docs. Please do not disturb tenants or walk on property.
  • Property Type: Multi Family
  • MLS#: 16164392
  • MLS:
  • Listing Office: Miller & Desatnik Realty Co.
  • Listed By: Alan Wachman
  • Movoto last checked CRMLS for new data 9 hours ago
  • CRMLS last updated this listing 5 months ago
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Property History

Status
Date
Price
Sold
Oct 21, 2016
$840,000
Pending
Oct 17, 2016
Active Under Contract
Oct 4, 2016
Listed
Sep 15, 2016
$890,000
#16164392
700 N Riverside Dr in 92264 was last listed for $840,000. As of today, , this is 91% above the current median price of $438,888 for the city of Palm Springs, CA and 98% above the median of $425,000 for ZIP code 92264. Right now, there are 453 properties for sale in 92264 and 893 properties listed for sale in Palm Springs. Those 893 properties are made up of 430 single family homes and 463 condos. The square footage of 700 N Riverside Dr is approximately 3,750, which is 112% above the median size of 1,766 square feet in Palm Springs and 103% above the median size of 1,850 square feet in ZIP code 92264. This property's price per square foot was $224, which is 4% below the current $233 median in 92264 and 8% below the $243 Palm Springs median.
Built in 1951, this multi family house at 700 N Riverside Dr, Palm Springs CA, 92264 is approximately 3,750 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $224. 700 N Riverside Dr is located in the Taquitz Canyon River Estates neighborhood in the Palm Springs Unified School District. The closest school is Cahuilla Elementary School.

700 N Riverside Dr, Palm Springs CA, 92264 was on the market for 36 days. The median days on the market for properties in this area is 72 with a median list price of $438,888 and median cost per square foot of $243. Its current status is sold under the MLS #16164392.

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