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 7 months ago
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Property History

Oct 21, 2016
Oct 17, 2016
Active Under Contract
Oct 4, 2016
Sep 15, 2016
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 102% above the current market median of $415,000 in 92264 and 96% above the market median of $429,000 in Palm Springs. 700 N Riverside Dr is approximately 3,750 square feet, which is 117% above the median size in Palm Springs of 1,728 square feet and 111% above the median size in 92264 of 1,779 square feet. This property's price per Sqft was $224, which is 3% below the current median in 92264 of $231 and 7% below the Palm Springs median of $241. As of today, , there are 387 properties listed for sale in ZIP code 92264 and 799 properties listed for sale in the city of Palm Springs. Of those 799 properties, there are 398 single family houses and 401 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 72 with a median list price of $429,000 and median cost per square foot of $241. Its current status is sold under the MLS #16164392.

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