Carol & Jay Starr | Debra Vollmer

Reload the page to update with the latest MLS information available.

Reload the page to update with the latest MLS information available.

Reload the page to update with the latest MLS information available.

Listing provided courtesy of Oak View Realty - MLS#BB23174911MLS Provider

505 W Sepulveda RoadPalm Springs, CA 92262

Multi-Family · 3,200 Sq. ft. | 0.29 Acres

$1,999,000 Active

Overview

Time on Site:
71 days
Visits:
0

Charming 3-Unit Complex with Pool and Mountain Views in Palm Springs, CA Nestled in the heart of Palm Springs, California, this exquisite 3-unit complex offers an incredible opportunity for investors or those seeking a picturesque desert oasis. With a stunning backyard, pool, spa, and an array of modern amenities, this property is the epitome of desert living at its finest. Property Overview: Spacious backyard oasis, perfect for outdoor entertainment and relaxation. Inviting large pool and spa, providing a refreshing escape from the desert heat. One of the units has been newly remodeled. Each of the three units boasts its own fully-equipped kitchen for convenience and versatility. Unit 1: 2 bedrooms and 2 bathrooms, offering ample space for residents or guests. Units 2 and 3: 1 bedroom and 2 bathrooms each, providing cozy and comfortable living spaces. Scenic Surroundings: The property is embraced by the captivating beauty of the desert landscape, including majestic palm trees that line the backyard. Enjoy memorable barbeque evenings in the spacious outdoor area, taking in the serene ambiance. Spectacular mountain views envelop the property, creating a tranquil and visually stunning atmosphere. Ideal for families or as a home rental, this property offers a retreat from the ordinary. Location Highlights: Situated in a beautiful and well-maintained neighborhood, offering a sense of security and community. A circular driveway and ample parking spaces at the entrance ensure convenience for residents and guests. Modernity meets sustainability with a Tesla charger available at the entrance, catering to eco-conscious individuals. Just a stone's throw away from Downtown Palm Springs, residents can explore its vibrant culture, shops, and dining options. Enjoy easy access to the Agua Caliente Casino and the bustling Palm Springs strip, providing endless entertainment possibilities. Don't miss this rare opportunity to own a piece of Palm Springs paradise. Whether you're seeking an investment property or a luxurious desert getaway, this 3-unit complex has it all. Immerse yourself in the beauty of Palm Springs living ??? schedule a viewing today and make this desert dream your reality!

View Map

Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,200
  • Price/Sq.ft. $624
  • Lot 0.29 Acres

General

Association/HOA
  • Association: No
  • Common Interest: None
Income/Expenses
  • Electric Expense: 1500.0
  • Gardener Expense: 2000.00
  • Gross Income: 84000.0
  • Gross Scheduled Income: 90000.0
  • Insurance Expense: 1500.0
  • Net Operating Income: 78000.0
  • Operating Expense: 1000.0
  • Pool Expense: 2000.0
Listing Information
  • Contingency: none
Building Information
  • New Construction: No
  • Year Built: 1948
Location/Region
  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 331 - North End Palm Springs
  • Subdivision Name: Sunrise Racquet Club (33259)
Community/Development
  • Community Features: Hiking,Street Lights
Rent/Lease Information
  • Land Lease: No
General Information
  • Parcel Number: 504093010
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Real Estate Owned
  • Zoning: RGA

Interior

Parking Information
  • Garage: No
Building Interior
  • Building Area Total: 3200.0
  • Building Area Units: Square Feet
General Information
  • Common Walls: 2+ Common Walls
  • Electric: Standard
  • Entry Level: 1
  • Entry Location: front
  • Fireplace Features: None
  • Fireplace: No
  • Interior Features: Granite Counters,All Bedrooms Down,Bedroom on Main Level,Primary Suite,Walk-In Closet(s)
  • Laundry Features: Outside
  • Levels: One
  • Spa Features: In Ground,Private
  • Spa: Yes
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information
  • Open Parking Spaces: 10.0
  • Parking Total: 10.0
Lot Information
  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre,Sprinklers In Rear,Sprinklers In Front,Sprinklers Timer,Sprinklers On Side,Yard
  • Lot Size Acres: 0.29
  • Lot Size Area: 12632.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12632.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Elevation Units: Feet
  • Water Source: Public
Waterfront/View
    Building Exterior/Construction
    • Property Attached: Yes
    • Roof: Foam,Other
    General Information
    • Fencing: Block
    • Number Of Units Leased: 0
    • Number Of Units Total: 3
    • Pool Features: Gas Heat,Heated,In Ground,Private,Tile
    • Pool Private: Yes
    • Sewer: Public Sewer
    • Utilities: Cable Available,Cable Connected,Natural Gas Available,Sewer Available,Water Available

    Neighborhood

    Palm Springs

    Nestled at the base of the San Jacinto Mountains, the beautiful desert resort city of Palm Springs is an international destination for outdoor sport enthusiasts, Mid-Century architecture admirers, and fans of the glamour of Golden Era Hollywood. Palm Springs is located approximately 110 miles southeast of Los Angeles and 140 miles northeast of San Diego, making it an ideal distance for Southern California residents to escape for a quick getaway weekend or the perfect locale for a second home.
    Learn More

    Community

    92262 (Palm Springs) Demographics
    53
    Median Age
    775
    Population Density (per sq. mile)
    48%
    College Educated
    $55,757
    Estimated Median Income
    8,518
    Estimated Total Home Owners
    5,359
    Estimated Total Renters
    61% / 39%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    Elementary Schools
    3
    Public
    Katherine Finchy Elementary
    • Grades: KG - 5
    • Enrollment: 603
    3
    Public
    Vista del Monte Elementary
    • Grades: KG - 5
    • Enrollment: 536
    Middle Schools
    2
    Public
    Raymond Cree Middle
    • Grades: 6 - 8 /
    • Enrollment: 835
    High Schools
    2
    Public
    Palm Springs High
    • Grades: 9 - 12 /
    • Enrollment: 1,613
    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    Monthly Cost

    $
    $ %
    %
    $
    $
    * Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

    Market Data

    Based on the last 30 days in this zip code

    $1,199,332
    Median Sales Price
    $620
    Median Price per Square Foot
    152
    Properties Sold
    162
    New on Market
    64
    Average Days on Market
    564
    Properties for Sale
    Calculations provided by Reliance Network

    History

    Date Event Value Agent
    9/18/2023Source: CRMLS Added to Database
    September 18, 2023
    1/2/2023Source: CRMLS Added to Database
    January 02, 2023