Views - Primary on Main - Seller Financing
Address
74340 Magnesia Falls Drive Palm Desert, CA
Price
$ 1,625,000
Property Attributes
- MLS#219079970
- TypeIncome
- CountyRIVERSIDE
- CityPalm Desert
- AreaPalm Desert North
- Zip92260
- Style
- Price$ 1,625,000
- Bedrooms10
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage3908
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
California Desert Association of REALTORS® (CDAR)
Property Description
Wow. Here's another newer, well maintained residential income property located in a very desirable neighborhood. Excellent location with high rental demand. This well maintained 4-plex is located in the heart of Palm Desert close to desired schools in a favored school district. The property consists of two 3bd/2ba units (end units #1 and #4) and two 2bd/2ba units (the middle units #2 and #3). All tenants are on month to month leases. There is a private community pool area with mountain views located in a quiet e cul-de-sac shared by other fourplex properties with an HOA taking care of common areas, landscaping and pool/spa. Major roof work was completed in 2021 and new A/C's were installed in 3 units within the past 3-5 years with recent work done. All units offer nice privacy, enclosed patio spaces, two with fireplaces, private inside laundry and attached double car garages. Upside potential to renovate and remodel units and get top market rents. An identical 4-plex sister property, located in the same HOA, just appraised and sold and closed for $1,600,000. Please ask for Income, Expense, Rent Roll and Projected Rent Statements. The owner is willing to provide some creative seller financing options for a qualified buyer.
| Price History | |
|---|---|
| 6/6/2022 | Listed $1,625,000 |
General Features
| Architectural Style | Other |
|---|---|
| Association Fee Includes | Building & Grounds |
| Attached Garage | No |
| City | Palm Desert |
| Cooling | Ceiling Fan(s), Central Air, Air Conditioning, Electric |
| County | Riverside |
| Exclusions | Tenant's personal property. |
| Full Baths | 8 |
| Garage Spaces | 8.0 |
| Heating | Central, Fireplace(s) |
| Interior Features | Main Floor Bedroom, Main Floor Master Bedroom, All Bedrooms Down |
| Levels | Ground Level, No Unit Above, One, Ground |
| Lot Size Square Feet | 0.0 |
| MLS Area | 322 - Palm Desert North |
| Patio/Porch Features | Concrete Slab |
| Pool Features | In Ground, Gunite, Community |
| Possession | Subject To Tenants Rights |
| Property Type | C |
| Roof | Composition |
| Security Features | Other |
| Senior Community Y/N | No |
| Sewer | In, Connected and Paid |
| Standard Status | Active |
| Status | Active |
| Street Name | Magnesia Falls |
| Subdivision Name | Not Applicable |
| Tenant Pays | Electricity, Air Cond/Heat Main, Gas |
| Year Built | 1989 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Fireplace Features | Gas |
| Fireplace Y/N | Yes |
| Flooring | Carpet |
| Heating Y/N | Yes |
| Kitchen Appliances | Disposal, Dishwasher, Gas Range, Electric Dryer Hookup |
| Laundry Features | In Garage |
| Living Area | 3908.0 |
| Street Suffix | Drive |
| Total Bathrooms | 8.0 |
| Total Baths | 8 |
| Total Bedrooms | 10 |
| Total Fireplaces | 2 |
| Total Stories | 1 |
| Window Features | Mini Blinds |
Exterior Features
| Building Area Total | 3908.0 |
|---|---|
| Foundation Details | Slab |
| Land Lease Type | Fee |
| Lot Size Acres | 0.0 |
| Lot Size Area | 13068.0 |
| Lot Size Source | Assessor |
| Parking Features | Garage Door Opener |
| Pool Y/N? | Yes |
| Spa | Yes |
| Total Parking | 10.0 |
| View Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 92260
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2022 4:16 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The information being provided by SoCalMLS, CRISNet Regional MLS, CARETS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS, CRISNet Regional MLS, CARETS. ZipRealty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2022 4:16 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
