19
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$930,000
Est. payment /mo
7,405 Sqft Lot
New
343 W Tramview RD Palm Springs, CA 92262
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UPDATED:
03/15/2025 06:39 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Tranview
MLS Listing ID SW25057294
HOA Y/N No
Year Built 1965
Lot Size 7,405 Sqft
Property Sub-Type Quadruplex
Property Description
This fine 4Plex is located just off HIghway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. Seller is motivated to sell and therefore has given a major price reduction of $150,000!! Please note that after this price reduction, THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Zoning RGA
Interior
Heating None
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Gutter(s)
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 669401003
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Tony Burton • Burton Commercial, Inc. • 951-375-7433