$1,175,000
$1,295,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 03/18/2026
Key Details
Sold Price $1,175,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Central Palm Springs
MLS Listing ID 219143913DA
Sold Date 03/18/26
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1963
Lot Size 0.390 Acres
Property Description
Well-maintained 7-unit mid-century property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.5 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units have individual rooftop HVAC package units (tenants pay their own heating and cooling costs.) On-site coin-op laundry and a total of 9 parking spaces. Six of the seven units have been updated while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Owner's unit to be delivered vacant. Monthly income (1 unit @pro-forma of $1700) is approximately $10,305 monthly, $123,660 annually. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Easy to show owner's unit with short notice.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Tile
Fireplace No
Appliance Gas Water Heater, Water Heater
Exterior
Parking Features Assigned
Pool In Ground
Community Features Gated
View Y/N Yes
View Mountain(s)
Roof Type Tar/Gravel
Total Parking Spaces 9
Private Pool Yes
Building
Story 1
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 502163005
Security Features Gated Community,Key Card Entry
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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