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351 E Cottonwood RD Palm Springs, CA 92262
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Key Details
Sold Price $915,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision El Mirador
MLS Listing ID 219050894PS
Sold Date 11/23/20
HOA Y/N No
Year Built 1947
Lot Size 10,890 Sqft
Property Description
Known as the Acacia Inn, this storied property has the feel of old Hollywood. Gated and well maintained 4 unit plus detached main house is an investor's dream. Impressive Gross Rent Multiplier and CAP rate! Live on site in the main house and keep rental income on the occupied units.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Central, None
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type Family Room
Fireplace Yes
Appliance Water Heater
Exterior
Parking Features Side By Side, Unassigned
Pool Community, Gunite, In Ground
Community Features Gated, Pool
View Y/N Yes
View Mountain(s)
Total Parking Spaces 6
Private Pool Yes
Building
Story 1
New Construction No
Others
HOA Name Village Management
Senior Community No
Tax ID 507023001
Security Features Gated Community
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Financing Conventional
Special Listing Condition Standard
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Bought with Joy Lynn Thayer • Desert Tara Tori Properties