550 S El Cielo Road
Palm Springs, CA 92264

Description

Exceptional resort style 15 unit apartment complex now available. Excellent investment opportunity with significant upside. A total living space of 13,535 SQFT. The compound comprises of 2 two-story buildings with a single level casita building in the center. A private setting with gated entrances, large pool area, and covered carport parking. Lush and green with mature landscaping and towering palm trees provide an inviting and oasis-like atmosphere. The property is fully leased with 15 long term quality leases. This apartment complex offers a stable income and value-add opportunity to capitalize on one of the most robust real estate markets in the country. Professionally managed.

Details

MLS#19445960PS
Sub-TypeResale
StatusActive
Year1970
Days On Site34

Features

SQ Feet13,535
Units15
Building(s)1

Market Activity 92264

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Area Information

StateCA
CountyRiverside
CityPalm Springs
Zip Code92264
Area334 - South End Palm Springs
Listing VS Median (in 92264)
Price:
$2,800,000
low | high
Med:
$309,500
100% of Average
SqFt:
13,535
low | high
Med:
1,557
100% of Average
$ / SqFt:
$207
low | high
Med:
$201
52.989957630455% of Average
On Site:
34
low | high
Med:
6.5
100% of Average
Listing Updated: 05/18/2019
MLS Number: 19445960PS
Listing Provided By:
P. Tomov  of  Coldwell Banker Residential Br
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