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 8 hours ago
  • CRMLS last updated this listing 4 months 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
As of today, there are 426 properties listed for sale in ZIP code 92264 and 865 properties listed for sale in the city of Palm Springs, CA. This property at 700 N Riverside Dr in 92264 was last listed for $840,000. This is 93% above the current $435,000 median price for Palm Springs and 98% above the median of $425,000 for 92264. Of the 865 properties for sale in Palm Springs, 440 are single family homes and 425 are condos. 700 N Riverside Dr is a multi family home that is approximately 3,750 square feet, 118% above the Palm Springs median of 1,724 and 107% above the 92264 ZIP code median of 1,812. The price per Sqft was $224 which is 5% below the current median price in 92264 of $235 and 9% below the Palm Springs median of $245 per Sqft.
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 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 73 with a median list price of $435,000 and median cost per square foot of $245. Its current status is sold under the MLS #16164392.

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