****PRICE REDUCTION OF $100,000****These Sunset Springs Apartments are a well maintained 12-unit complex nestled in the hills of Desert Hot Springs. Built in the 1980's, the subject property boasts an excellent unit mix consisting 12 large two bedroom, two bath apartment homes measuring approximately 900 square feet each. All units have central AC & Heat and separate tenant gas and electric meters for low landlord utility expense. There is also on on-site laundry room with leased machines for additional landlord income; additionally, the subject property offers the tenants a sparkling pool and a 17 space parking lot with ample street parking. The Sunset Springs Apartments is attractively priced below replacement value (only $101.85 cpsf) and located within a track of predominantly single family homes with very little apartment construction in the neighborhood; additionally, the hilltop location offers the tenants expansive white-capped mountain and valley views - increasing tenant demand for the apartments. and a quiet residential location close to all employment centers in the Coachella Valley. Strong cash-on-cash return for a savy investor. Actual cap of 6.5% with a 9.8 GRM and Market- Cap of 7.5 with a 8.9 GRM.

  • MLS# PW18229856
  • Sub-Type Resale
  • Status Active
  • Year 1980
  • Days On Site 11
SQ Feet 10,800
Units 12
Building(s) 1
Listing Provided By:
Ed Diaz  of  Vanguard Property Group
 
 
 
 
 
 
 
 
Residential SFR Tract Across Street from Subject Property
Residential SFR Tract Across Street from Subject Property
this listing $1,100,000
513.67%
$179,250 in 92240
this listing 10,800 SqFt
1,250.00%
800 SqFt in 92240
this listing $102 $/SqFt
54.54%
$224 $/SqFt in 92240
this listing 11 on site
0.00%
11 on site in 92240

Location

State CA
County Riverside
City Desert Hot Springs
Zip Code 92240
Area 340 - Desert Hot Springs

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