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 1 hour ago
  • CRMLS last updated this listing 9 months ago

Home Features for 700 N Riverside Drive , Palm Springs

Year Built: 1951
Lot Size Acres: 0.37
Lot Size Square Feet: 16210
Lot Size Units: Square Feet
Lot Size Area: 16210
Price Per Square Foot: 224
Parcel Number: 508181016
Special Listing Conditions: Standard
Standard Status: Closed
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About Selling

Property History for 700 N Riverside Drive, Palm Springs

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

Real Estate Market Statistics for 700 N Riverside Drive, Palm Springs

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700 N Riverside Drive

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List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$890K

700 N Riverside Drive

$687K

Taquitz Canyon River Estates

6% y/y

Taquitz Canyon River Estates

$449K

92264

5% y/y

92264

$449K

Palm Springs

5% y/y

Palm Springs

See all trends for Palm Springs
700 N Riverside Dr is a multi family home located in 92264 in Palm Springs, CA. It was last listed for $840,000, which is 87% above the current market median of $449,000 in 92264 and 87% above the market median of $449,499 in Palm Springs. 700 N Riverside Dr is approximately 3,750 square feet, which is 109% above the median size in Palm Springs of 1,794 Sqft and 98% above the median size in 92264 of 1,896 square feet. This property's price per square foot was $224, which is 5% below the current median in 92264 of $236 and 10% below the Palm Springs median of $248. As of today, , there are 321 properties listed for sale in ZIP code 92264 and 674 properties listed for sale in the city of Palm Springs. Of those 674 properties, there are 349 single family houses and 325 condos.
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 85 with a median list price of $449,499 and median cost per square foot of $248. Its current status is sold under the MLS #16164392.

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