Residential Income, California | Page 1-001-11-30T00:00:00-08:00
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San Bernardino, 2936 Loma Avenue

Price: $7,999,999
Units Total: 80
Lot Size: 96,704
Living Area: 60,620
Year Built: 1984
Parking: 160
Days on Market: 19
Description: The San Bernardino Portfolio consist of two 40 unit apartment complexes located at 2936 Loma Ave and 2935 Mountain Ave in the City of San Bernardino. The property is well positioned to take advantage of strong population growth and job creation in the Inland Empire. The recent growth of economic drivers in the region have resulted in strong rent growth and tightening occupancies in the Mutifamily market. The region is connected to the great Inland Empire metropolitan area and is the home to California State University San Bernardino which serves more than 20,000 students annually. The property is comprised of eight two story buildings which contain 60,620 sq.ft of rentable area on 96,704 sq.ft of land. Priced at below replacement value. The apartments have wall units and central heating / air conditioning, hardwood and carpeted units, vertical blinds, ceiling fans and private patio / balconies on selected units. Residents pay for gas and electricity which are individually metered and each unit has individual water heaters.

Loma Linda, 25356 Cole Street

Price: $6,800,000
Units Total: 24
Lot Size: 43,995
Living Area: 20,430
Year Built: 1968
Parking: 72
Days on Market: 29
Description: The property is conveniently located walking distance from the Loma Linda University, the Loma Linda University Medical Center, the Veteran Healthcare System and many major regional employers. This 24 unit apartment community is compose of all large two bedroom / one bathroom units, of approximately 879 Sq. Ft. The current ownership’s emphasis has been on quality updates which include recent capital improvements that exceed $500,000. A small protype of 4 units have been extensively updated with extra large kitchen islands, stainless steel appliances and granite countertops. These units are garnering a premium in rental income exceeding $1,550 a month. All 24 units have new stainless steel appliances and upgraded cabinetry. A majority of the units have granite counter tops, and wood style Brava plank flooring recently upgraded. Another income producing implementation by the current ownership includes a tenant utility reimbursement program being implemented property wide. The exceptional care that has been taken in this property, reflects the pride of ownership of its current owner. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come. As a result, the property demonstrates a minimal turn over and vacancy.

Victorville, 14243 Rodeo Drive

Price: $6,590,000
Units Total: 60
Lot Size: 111,325
Living Area: 48,726
Year Built: 1986
Parking: 60
Days on Market: 150
Description: Northport Apartments is a 60-units community, situated on 2-1/2 acres, consisting of seven residential 2-story buildings, a pool, and laundry facilities. The location of the complex is just minutes from shopping, public transportation, and access to interstate 15. Northport offers exclusively two bedroom, two bath floor plans with either an upstairs balcony unit, or a downstairs garden patio.

Big Bear, 40210 Big Bear Boulevard

Price: $5,950,000
Units Total: 0
Lot Size: 55,000
Living Area: 12,540
Year Built: 1946
Parking: 3
Days on Market: 178
Description: This totally renovated resort on three plus-acres of land in 10 APNs has 4 hotel rooms, 6 studio cabins, 10 one-bedroom cabins, 8 two-bedroom cabins and 1 three-bedroom cabin with total 47 beds. In addition, there is spacious open room in the courtyard for a white tent conference facility during the summer together with a 500-sf restroom building and a 2,000-sf kitchen plus storage buildings for all kinds of private and pubic events on-site. Upscale dining, evening entertainments in the Village as well as ski slopes are just a short drive away. This resort property is ideal for large corporate group bookings, weddings and family events and has had regular many loyal corporate clients through the years. There is also a development potential to build a convention and exhibition structure for conference purposes instead of a large white tent on the site due to its large acreage. There is an outdoor swimming pool, spas and room for a tennis court. Parking space is ample on site with a convenient store and restaurant right across the street. The kitchen onsite provides breakfast and there is a bar with liquor license. The hotel is independent with a potential for a major franchise flag.

1535 East Date Street

Price: $5,500,000
Units Total: 13
Lot Size: 58,370
Living Area: 27,644
Year Built: 1984
Parking: Yes
Days on Market: 134
Description: Investment Property 1535 E. Date Street San Bernardino, Ca. 92404-2847 comes to the real estate market with 40 units. The apartment complex is gated. Parcel Number is 0272-192-09. The Name of the apartment complex some call it “Date Apartment” The 40 units are (8) units are 2 bedrooms with 2 bathrooms; (16) units are 2 bedrooms with 1 bathroom; (16) units are 1 bedroom with 1 bathroon. Out of the 40 units (8) units are section 8. The Date Apartment Complex are 4 buildings each of the building are 2 stories. According to public records the year built is 1984, building area total is 27,644 sq. Ft., Lot size is 58,370 sq. Ft. The parking spaces are inside the property. The water, trash, gas, electric are all paid by the tenants. Property comes with (40) separate gas meters; (40) separate Electric Meters and (1) water meter. There is a gated pool that is shared with the tenants. The complex also has a laundromat that is shared by the tenants. Please view the pictures to see more of what this investment property has to offer and #of units 13 is wrong it is 40 units. It is 40 units please download the information on the supplements.

Thermal, 69245 Polk Street

Price: $5,200,000
Units Total: 3
Lot Size: 6,272,640
Living Area: 1,600
Parking: 0
Days on Market: 336
Description: The Brown Date Garden has been a flourishing farm since the 1930’s. A one of a kind fully functioning date and citrus ranch that is a total of almost 144 acres, 57.8 on the west side of old Hwy 86 and 86.5 on the east side. The owner has spent the last five years eliminating old trees and replanting for future profit. There are numerus new trees and several acres of various Certified Organic fruit and Medjool Dates. The property includes a packing and distribution facility, four wells, two machine shops and cold storage, and a three-bedroom home. Date trees include Medjool, Barhee, Deglet Noor and Zagloo. Citrus trees include Minneola Tangelo, Sweet Lime, Grapefruit (White, Ruby, Rio Red), Lemon and Blood Orange. The potential for profit is huge with the investments and improvements made over the past five years. APN #’s 751-290-004,014,015 and 016 and 751-280-012 and 015 are all included. Trucks and equipment are negotiable outside of escrow.

Upland, 571 Richland Street

Price: $4,200,000
Units Total: 18
Lot Size: 18,295
Living Area: 16,719
Year Built: 1965
Parking: 18
Days on Market: 14
Description: Property Highlights; Competitive Offering Actual CAP Rate of 4.01 % / Attractive Market ProForma CAP Rate of 4.94 %, Actual GRM of 15.22, With a ProForma GRM of 13.41, Recent Capital Improvements Include; Updated Copper Plumbing Throughout ( $50,000), Individual Water Shutoff Valves For All 18 Units, Updated Landscaping Water System. Conservative 5-7 % Upside in Potential Rental Income Non-Rent Control Community and Area. Long Term Tenants With Upside in Potential Rental Income The Apartment is 100 % Occupied and Rental Comparables Illustrate a 98% Occupancy Area. Turn Key Financeable Asset. The Richland Apartments consist of (18) 2-bedroom 1-bath units on a 18,295 square foot lot. The two bedroom units are large and open being nearly 930 sq.ft each. The asset provides tenants with secured carport parking, storage, updated landscaping and an onsite laundry facility. The property is conveniently located near San Antonio Community Hospital which is the largest employer of Upland. Edison Elementary and Upland High School are within walking distance from this location. Public transportation such and the Upland Metrolink and Ontario Airport are conveniently located minutes away from the Richland Apartments.

Hesperia, 8531 Glendale Avenue

Price: $4,000,000
Units Total: 0
Lot Size: 3,620,707
Living Area: 10,215
Year Built: 1950
Parking: 3
Days on Market: 125
Description: The Luckey Alfalfa Ranch! 83 + acres 4 parcels including 10 outbuildings at 10,215 square feet; 3 homes with 9 bedrooms 8 bathrooms at 7,446 square feet; an office with bathroom at 1,750 square feet; 70 + acres of prime agricultural land most recently farmed as Alfalfa; 300 acre feet water shares in the Mojave Water Basin (Alto-Sub Area) currently valued at $1,500,000. The possibilities for the 60 + acres (Parcel #24 and #48 – Zoned Rec / Com and A-2) which are contiguous are numerous; Agricultural: Alfalfa, Sod Farm, Tree Farm, Pistachio, Jujube, Peaches, Nectarines, Plumbs, Pears and Cherries, Carrots, Onions, Small Grains, Hemp, Grapes / Wineries. In addition to the Agricultural possibilities there are other developmental possibilities: Sports Complex (Soccer, Baseball, Foot Ball, Skate Park, Polo Fields), Music Concert Venue, Alfalfa Museum, Solar Farm, Wind Farm, Arboretum, University (Weather and Agricultural Studies), Stadium Site, Mini NFL Camp, Horse – Dog – Race Car Track Site, Rodeo Site, Horse Farm, Fairground Site, Private Air landing Field and Runway, Mobile Home or duplex sites along the southern border. The development possibilities increase as you head north to the NE corner of Rocksprings and Glendale – This piece is 15.43 acres 10 + acres is Buildable – Currently Zoned A-2 buildable unit=2.5 acre. To the immediate W and SW of the property are 18,000 to 20,000 sq. Ft. Home sites creating a possible 20 -. 5 acre developable home sites.

Hesperia, 8531 Glendale Avenue

Price: $4,000,000
Units Total: 4
Lot Size: 3,620,707
Year Built: 1950
Parking: 162
Days on Market: 48
Description: The Luckey Alfalfa Ranch! 83 + acres 4 parcels including 10 outbuildings at 10,215 square feet; 3 homes with 9 bedrooms 8 bathrooms at 7,446 square feet; an office with bathroom at 1,750 square feet; 70 + acres of prime agricultural land most recently farmed as Alfalfa; 300 acre feet water shares in the Mojave Water Basin (Alto-Sub Area) currently valued at $1,500,000. The possibilities for the 60 + acres (Parcel #24 and #48 – Zoned Rec / Com and A-2) which are contiguous are numerous; Agricultural: Alfalfa, Sod Farm, Tree Farm, Pistachio, Jujube, Peaches, Nectarines, Plumbs, Pears and Cherries, Carrots, Onions, Small Grains, Hemp, Grapes / Wineries. In addition to the Agricultural possibilities there are other developmental possibilities: Sports Complex (Soccer, Baseball, Foot Ball, Skate Park, Polo Fields), Music Concert Venue, Alfalfa Museum, Solar Farm, Wind Farm, Arboretum, University (Weather and Agricultural Studies), Stadium Site, Mini NFL Camp, Horse – Dog – Race Car Track Site, Rodeo Site, Horse Farm, Fairground Site, Private Air landing Field and Runway, Mobile Home or duplex sites along the southern border. The development possibilities increase as you head north to the NE corner of Rocksprings and Glendale – This piece is 15.43 acres 10 + acres is Buildable – Currently Zoned A-2 buildable unit=2.5 acre. To the immediate W and SW of the property are 18,000 to 20,000 sq. Ft. Home sites creating a possible 20 -. 5 acre developable home sites. Association Amenities: None Lot Location Type: On River, Standard LocationPAVE Model 14 #of Full Baths: 0 Model 15 #of Full Baths: 0 Model 1 #1/2 Baths: 0 Model 2 #1/2 Baths: 0 Model 3 #1/2 Baths: 0 Model 4 #1/2 Baths: 0 Model 5 #1/2 Baths: 0 Model 6 #1/2 Baths: 0 Model 7 #1/2 Baths: 0 Model 8 #1/2 Baths: 0 Model 9 #1/2 Baths: 0 Model 10 #1/2 Baths: 0 Model 11 #1/2 Baths: 0 Model 12 #1/2 Baths: 0 Model 13 #1/2 Baths: 0 Model 14 #1/2 Baths: 0 Model 15 #1/2 Baths: 0 Model 14 Bedrooms: 0 Model 15 Bedrooms:.

Palm Desert, 73530 Catalina Way

Price: $3,850,000
Units Total: 26
Lot Size: 33,977
Living Area: 23,400
Year Built: 1980
Parking: 2
Days on Market: 11
Description: Marcus and Millichap is pleased to exclusively present Catalina Apartments, a 26-unit multifamily community located in Palm Desert, California. Built in 1980, Catalina Apartments provides a contemporary atmosphere with spacious interiors and plentiful parking. The property consists of four buildings constructed of wood frame, stucco exteriors, and concrete slab foundation atop of 1.55 acres of land. The property presents 24 spacious two-bedroom, two-bathroom floor plans and 2 three-bedroom, two-bathroom floor plans. Each unit is equipped with patios and stackable washer and dryer hook-ups. Five units have been renovated with new kitchen cabinets and 16 have new AC units. Parking includes 54 spaces including 26 surface spaces, 26 covered, and 2 garages. Common area amenities include a sparking swimming pool and laundry facility.

220 South PATENCIO Road

Price: $2,500,000
Units Total: 8
Lot Size: 11,427
Year Built: 1930
Parking: Yes
Days on Market: 560
Description: Class A iconic hotel (on hotel row) in the famous Tennis Club. Property is surrounded by multi-million dollar hotels and resorts and this is one of the best Inns in Palm Springs! Created in the spirit of the “Old West” the heritage of Palm Springs awaits you at the Old Ranch Inn. Totally remodeled and restored back to its “glamour days”. Located just steps away from downtown Palm Springs! This award winning Inn offers eight beautiful (private) guest suites surrounded by lush landscaping and stunning mountain views! Gorgeous pool and 9th suite option available. ORI has a proven sales history with strong bookings for 2018! 5 Star Trip Advisor rating and Continental breakfast now offered and being well received by over 500 current and returning guests. RARE OPPORTUNITY!

21796 Cottonwood Avenue

Price: $2,499,000
Units Total: 6
Lot Size: 261,360
Living Area: 4,000
Year Built: 1960
Parking: 0
Days on Market: 536
Description: This property has 6 units on 6 Acres of land to develop for multiple family. Land value only. Good to have some income till you get entitlement. Great demand for apartments in this Area. Huge development is going on in Moreno Valley as AMAZON is building 40 Million Sf logistic center. Average unit cost in Moreno VAlley Selling over $200k / unit. Great price for multiple family land use. According to city you can build from 90- 120 units. Please confirm with city for Zoning. PRICE REDUCED BY $500000 FOR FAST SALE. MAKE OFFERS

Big Bear, 40598 Big Bear Boulevard

Price: $2,200,000
Units Total: 33
Lot Size: 53,000
Living Area: 13,540
Year Built: 1963
Parking: 0
Days on Market: 697
Description: Conveniently located right across the street from the Bowling Barn and Funplex, this 33-room buinding on Big Bear Blvd is the main part of the total 66-room Knights Inn motel which is within walking distance to the fine dining and cinemas in the Big Bear Lake Village. The business is composed of two separate buildings. There is another 33-room building across a street on Lynn Rd under a different listing. In addition, there are three immediately adjacent empty lots for further development under yet another land listing. They could all be purchased together. It is also within walking distance to the marinas for boat launch, boat rentals and all kinds of water sports. Snow Summit and Bear Mountain ski slopes are a short drive away. With some property renovation investment this property could easily become a premier lodging facility in Big Bear Lake due to its excellent location. This listing price includes the Knights Inn franchise business.

Riverside, 1935 West Linden Street

Price: $2,148,000
Units Total: 12
Lot Size: 14,031
Living Area: 11,221
Year Built: 1959
Parking: 12
Days on Market: 50
Description: JUST LISTED 12U in the heart of Riverside close to UC Rvsd and all the shopping and amenities. Gated, secure with covered and open parking for all units. Individually metered for gas / electric. Well maintained and historically 100% occupied with upside in rents. Low maintenance with secure picnic area. Close to all shopping, parks, and all the action. Motivated owners will look at all offers seriously

888 North INDIAN CANYON Drive

Price: $2,099,500
Units Total: 12
Lot Size: 15,755
Living Area: 5,000
Year Built: 1970
Parking: 2
Days on Market: 82
Description: Turn-key Boutique Hotel in Central Palm Springs – Movie Colony within easy walking distance to all of downtown. 12 well-appointed rooms and suites. Major renovations inside and out were done between 2012 and current creating an ultra private resort with beautiful units and excellent amenities. Opportunity for growth is significant.

Big Bear, 1264 Club View Drive

Price: $2,025,000
Units Total: 14
Lot Size: 43,200
Living Area: 14,400
Year Built: 1985
Parking: 0
Days on Market: 232
Description: Remarkable opportunity across from Bear Mountain ski area. Combination of units and condos in 6 buildings, 32 bdrs, 24.5 baths, 20 fireplaces + 8 units have 2 fp each. Named for it’s view of the ski area and golf course, Mountain Vista Resort has a manager’s unit and an office which are included in the above room count. There are 3 large parking lots. This is a wonderful chance to own one of the spots everyone wants to stay in Big Bear. Just steps from both skiing and golf.

Barstow, 2980 East MAIN Street

Price: $1,990,000
Units Total: 81
Lot Size: 64,468
Living Area: 23,112
Year Built: 1973
Parking: Yes
Days on Market: 209
Description: 81 room apartment / former motel / built in 1973 and recently was operating as an independent motel / apartment. The building is approx. 23,000 sq. Ft. / and is situated on a 1.48 acre lot. The construction is wood-frame / stucco there are more than 81 parking places. The hotel is located immediately off The 40 Freeway and next to the entrance to the Marine Corps Logistics Base in Barstow. Recently the building was serving the needs of people who were renting rooms on a weekly / monthly basis with some rooms reserved for overnight guests. ***Currently the building is totally vacant***

Palm Springs, 200 Cahuilla Road

Price: $1,950,000
Units Total: 7
Lot Size: 10,019
Living Area: 3,400
Year Built: 1949
Parking: 0
Days on Market: 417
Description: WOW! Rare opportunity to own a charming and intimate family compound, corporate retreat, or boutique hotel in the picturesque downtown Historic Tennis Club Neighborhood. This 7 bedroom, 7 bath desert jewel is in a prime location less than a two minute stroll to famed Palm Canyon Drive, the center of the Palm Springs village where you’ll enjoy fine shopping, restaurants, theaters, museums, gaming and galleries. Golfing at the famed O’Donnell Golf Club is only 2 blocks away. This paradise features a 1 bedroom, 1 bath main house with fireplace, office, and a delightful outdoor dining pergola with fireplace, plus 6 additional poolside suites, most with kitchenettes. The lushly landscaped courtyard has an inviting saltwater pool and cascading fountain with spectacular close-up mountain views. Turnkey furnished. The property shows true pride of ownership! Currently used as a family compound, but could easily be re-opened as a boutique hotel or vacation rental. Buyer to verify all information

10920 Fox Springs Road

Price: $1,949,000
Units Total: 3
Lot Size: 67,683
Living Area: 5,395
Year Built: 2014
Parking: 5
Days on Market: 154
Description: Amazing opportunity to own 3 homes situated on two of the best lots totaling 1.56 Acres in Rancho Carrillo. Sited at the end of your private six mile drive hidden along Ortega Highway lies the unique, rural community of Rancho Carrillo. Surrounded by nearly 40,000 acres of wilderness, including the Cleveland National Forest. This community is home to only 75 equestrian and ranch properties, nestled among the San Mateo Canyon wilderness. Rural living while only minutes from downtown San Juan Capistrano and the coastal cities of Dana Point and San Clemente. This property has its own private well. The main home is 3 bedrooms, 3 baths approximately 2550 sq. Ft. With an expansive game room, view loft, office and attached guest quarters with it’s own private entrance and a 3 car garage. The second home is approximately 1,500 sq. Ft., with 3 bedrooms, 2 baths, office, and a one car garage. The third home is 1,350 sq.ft, with 3 bedrooms and 2 bathrooms. Rancho Carrillo is much more than an idyllic community hidden from the frantic pace of the City below. Rancho Carrillo is in many ways a throwback to earlier times in California. This property is outside of the HOA in the area. The HOA Dues listed are the fees for the private road maintenance. The adjacent property, 10950 Fox Springs Rd is included in this price (MLS #PW18055466)

Big Bear, 563 Lynn Road

Price: $1,900,000
Units Total: 33
Lot Size: 25,300
Living Area: 14,904
Year Built: 1967
Parking: 33
Days on Market: 456
Description: Conveniently located right next to the Bowling Barn and Funplex on Lynn Rd. This is the second part of Knights Inn business. It has 33 interior corridor motel rooms. The location is within walking distance to the fine dining and cinemas in the Big Bear Lake Village. There is an unused indoor swimming pool. The business is composed of two separate buildings. There is another 33-room main building across a street on Big Bear Blvd under a different listing. In addition, there are three immediately adjacent empty lots for further development under yet another land listing. They could all be purchased together. This listing price is without the Knights Inn business franchise.

Victorville, 14634 Equestrian Way

Price: $1,900,000
Units Total: 8
Lot Size: 77,000
Parking: 16
Days on Market: 48
Description: 8 residential homes for a great investment opportunity. All homes are fully occupied with great upside potential. Homes are currently rented below market rate with plenty of room for upside in rent amounts. Each property is professionally managed by a management company. All eight of the properties are spread throughout the high desert while conveniently located close to highways, major thoroughfares, several shopping and eateries. Less than $140 / SF for the bundle. Sale consists of; 10678 Chesterfield St, Adelanto, CA 92301 – 16486 Manchester St Victorville, CA 92394 – 14634 Equestrian Way Victorville, CA 92394 – 13986 Kicking Horse Cir Victorville, CA 92394 – 13642 Winewood St Victorville, CA 92392 – 14511 Coalinga Rd Victorville, CA 92394 – 11459 Turko Ave Hesperia, CA 92345 and 14221 Olive St Hesperia, CA 92345 Association Amenities: None Lot Location Type: Standard LocationPAVE Model 14 #of Full Baths: 0 Model 15 #of Full Baths: 0 Model 1 #1/2 Baths: 0 Model 2 #1/2 Baths: 0 Model 3 #1/2 Baths: 0 Model 4 #1/2 Baths: 0 Model 5 #1/2 Baths: 0 Model 6 #1/2 Baths: 0 Model 7 #1/2 Baths: 0 Model 8 #1/2 Baths: 0 Model 9 #1/2 Baths: 0 Model 10 #1/2 Baths: 0 Model 11 #1/2 Baths: 0 Model 12 #1/2 Baths: 0 Model 13 #1/2 Baths: 0 Model 14 #1/2 Baths: 0 Model 15 #1/2 Baths: 0 Model 14 Bedrooms: 0 Model 15 Bedrooms: 0 Model 14 #Of Units: 0 Model 14 #Of Units: 0 Model 1 #1/4 Baths: 0 Model 2 #1/4 Baths: 0 Model 3 #1/4 Baths: 0 Model 4 #1/4 Baths: 0 Model 5 #1/4 Baths: 0 Model 6 #1/4 Baths: 0 Model 7 #1/4 Baths: 0 Model 8 #1/4 Baths: 0 Model 9 #1/4 Baths: 0 Model 10 #1/4 Baths: 0 Model 11 #1/4 Baths: 0 Model 12 #1/4 Baths: 0 Model 13 #1/4 Baths: 0 Model 14 #1/4 Baths: 0 Model 15 #1/4 Baths: 0 Model 14 Rent: 0.00 Model 15 Rent: 0.00 Model 1 SQFT: 1000 Model 2 SQFT: 1342 Model 3 SQFT: 1194 Model 4 SQFT: 1906 Model 5 SQFT: 2021 Model 6 SQFT: 2139 Model 7 SQFT: 2139 Model 8 SQFT: 1931 Model 9 SQFT: 0 Model 10 SQFT: 0 Model 11 SQFT: 0 Model 12 SQFT: .

Palm Desert, 73135 Tumbleweed Lane

Price: $1,795,000
Units Total: 7
Lot Size: 25,700
Living Area: 4,845
Year Built: 1993
Parking: 7
Days on Market: 326
Description: This custom estate was originally built and operated as Tres Palmas, a successful Bed and Breakfast resort. Prime South Palm Desert locale, a half block from all that El Paseo (known as the Rodeo Drive of the Desert) offers including fine dining, boutique retail, and art galleries just minutes away! Turnkey furnished, this 7-bedroom / 8-bath property offers 4,845 sq.ft of living space on a 25,700 sq.ft lot. Panoramic mountain views highlight desert living with large pool, spa and built-in barbecue. The property is zoned Downtown Edge Transition Overlay (DE-O) which legally allows for short term rentals. This area, recently designated by the City, is unique and is, at this time, the only area in Palm Desert where short term vacation rentals will be allowed in the long term future. Other possible use opportunities could a recovery center, corporate retreat or family compound. Let your imagination run wild on how to enjoy and use the endless potential this fine estate offers. (City Plan available)

Colton, 822 Fairway Drive

Price: $1,790,000
Units Total: 7
Lot Size: 19,500
Living Area: 8,602
Year Built: 2007
Parking: 7
Days on Market: 178
Description: Two separate parcels side by side with total of 7 units – Townhouse style units. The lot at 822 Fairway Dr. Has 4 units, each unit has 2 bdrms, 2.5 baths. Attached 2-car garage and spacious out door balcony on the 2nd floor. The lot at 830 Fairway Dr, has 3 units. Two units have 3 bdrms 2.5 baths, one unit has a 2 bdrms with a bonus room and 2.5 baths. Each unit comes with central air condition and heat system. Each unit has a separate meter for water, electric and gas. The units have minimal operating expenses. There is a great upside income and growth potential. The rents are considerably lower than the market rental rate. The unit are 100% leased, with very stable tenants. Some of the tenants have been residing in the units since the buildings were built, in 2007 and 2008. This is a rare opportunity to own a newer buildings with great upside potential.

74630 Shadow Hills Road

Price: $1,665,000
Units Total: 8
Lot Size: 26,572
Living Area: 0
Parking: 16
Days on Market: 186
Description: and #8203; 8-Unit Property with Pool at and #8203; 74630 Shadow Hills Rd in South Palm Desert: and #8203; and #8203; Eight 2-bd / 2-ba units, pool and #8203; and carports and #8203; situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 5.21%.