Palm Desert, CA 92260,42995 Park PL #1-4
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Palm Desert, CA 92260,42995 Park PL #1-4
Palm Desert, CA 92260,42995 Park PL #1-4
Palm Desert, CA 92260,42995 Park PL #1-4
Palm Desert, CA 92260,42995 Park PL #1-4

$1,600,000

Est. payment /mo

$1,750,000

8.6%
Est.Price: ?

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42995 Park PL #1-4 Palm Desert, CA 92260

0.35 Acres Lot

SOLD DATE : 06/06/2022

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219076623DA

Sold Date 06/06/22

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1991

Lot Size 0.350 Acres

Property Description

It's unusual to find a newer well maintained residential income property located in such a desirable neighborhood. Excellent location with high rental demand. A well maintained and renovated 4-plex 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). Two units (#3 and #4) have been recently upgraded and renovated and are being rented at top market rents. The other two units (#1 and #2) both have long term tenants, both 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. An HOA covers roof, common area and pool/spa. Roofs were replaced in 2012, new efficient A/C's installed in 3 units within the past 2 years. 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 the remaining two units and get top market rents. Please ask for Income, Expense, Rent Roll and Projected Rent Statements.

Location

State CA

County Riverside

Area 322 - North Palm Desert

Interior

Heating Central, Electric, Forced Air

Cooling Central Air, Electric

Flooring Laminate, Tile

Fireplaces Type Gas Starter, Living Room

Fireplace Yes

Appliance Gas Water Heater, Water Heater

Exterior

Parking Features Direct Access, Garage, Side By Side

Garage Spaces 8.0

Garage Description 8.0

Pool Community, In Ground

Community Features Pool

Amenities Available Other

View Y/N No

Total Parking Spaces 10

Private Pool Yes

Building

Lot Description Corner Lot

Story 1

Entry Level One

Foundation Slab

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

HOA Name Palm Desert Park Village, Desert Management

Senior Community No

Tax ID 624330001

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Doug Fischer • Coldwell Banker Realty
Bought with Arthur Leslie • Nationwide Real Estate Execs

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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