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: Single Family
  • MLS#: 16164392
  • MLS:
  • Listing Office: Miller & Desatnik Realty Co.
  • Listing Broker: Alan Wachman
  • Movoto last checked CRMLS for new data 7 hours ago
  • CRMLS last updated this listing 1 month ago
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Property History for 700 N Riverside Dr, 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
700 N Riverside Dr in 92264 was last listed for $840,000. As of today, , this is 111% above the current median price of $399,000 for the city of Palm Springs, CA and 117% above the median of $387,500 for ZIP code 92264. Right now, there are 429 properties for sale in 92264 and 886 properties listed for sale in Palm Springs. Those 886 properties are made up of 450 single family homes and 436 condos. The square footage of 700 N Riverside Dr is approximately 3,750, which is 124% above the median size of 1,677 square feet in Palm Springs and 118% above the median size of 1,723 square feet in ZIP code 92264. This property's price per square foot was $224, which is 2% below the current $228 median in 92264 and 4% below the $233 Palm Springs median.

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Built in 1951, this single 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 for $890,000 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 89 with a median list price of $399,000 and median cost per square foot of $233. Its current status is sold under the MLS #16164392.

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