Views - Primary on Main
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.

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
AVG $930K
$1.63M
Year Built
AVG 1969
1989

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