Sold 10/21/16

700 N Riverside Dr
Palm Springs, CA 92264

Bd   Ba   3,750 Sqft   36 Days
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.
  • MLS#16164392 provided by Alan Wachman of Miller & Desatnik Realty Co.
  • Movoto last checked CRMLS for new data 6 hours ago
  • CRMLS last updated this listing 11 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
Exterior
Number Of Buildings: 3
Building Area Total: 3750
Parking Features: Uncovered
Number Of Units Total: 8
Amenities / Utilities
Trash Expense: 1800
Water Sewer Expense: 950
Electric Expense: 9950
Laundry Features: See Remarks
Pool Private Y/N: 1
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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

No data!
Taquitz Canyon River Estates
Palm Springs
92264
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$890K

700 N Riverside Drive

$675K

Taquitz Canyon River Estates

0% y/y

Taquitz Canyon River Estates

$479K

92264

0% y/y

92264

$485K

Palm Springs

3% y/y

Palm Springs

See all trends for Palm Springs
700 N Riverside Dr in 92264 was last listed for $840,000. As of today, , this is 73% above the current median price of $485,000 for the city of Palm Springs, CA and 75% above the median of $479,900 for ZIP code 92264. Right now, there are 295 properties for sale in 92264 and 617 properties listed for sale in Palm Springs. Those 617 properties are made up of 339 single family homes and 278 condos. The square footage of 700 N Riverside Dr is approximately 3,750, which is 104% above the median size of 1,839 Sqft in Palm Springs and 97% above the median size of 1,900 square feet in ZIP code 92264. This property's price per Sqft was $224, which is 11% below the current $251 median in 92264 and 13% below the $256 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 69 with a median list price of $485,000 and median cost per square foot of $256. Its current status is sold under the MLS #16164392.

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