$2,060,000
$2,200,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
74534 Driftwood DR Palm Desert, CA 92260
7,840 Sqft Lot
Key Details
Sold Price $2,060,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219075088DA
Sold Date 04/20/22
HOA Y/N No
Year Built 1965
Lot Size 7,840 Sqft
Property Description
Property is 2 4-Plexes: 74534 Driftwood ( APN 625162032 ) and 74536 Driftwood ( APN 625162031) to be sold together. Excellent South Palm Desert location. Rents are below market ( see attached rent roll ) so plenty of upside. All units are similar 2bed 1 bath floorplans and approx. 700 sqft each. Market rents are $1650
Location
State CA
County Riverside
Area 323 - South Palm Desert
Interior
Fireplace No
Exterior
Parking Features Other
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 1
Entry Level One
Sewer Unknown
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 625162032
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Steven Mogavero • Desert Properties of Coachella Valley