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    2980 E Ranchero Dr

    Palm Springs, CA 92262
    • $2,550,000
    • STATUS: Pending
    • ON SITE: 61 days
    • ID#: 20-661096
    Pending
    UPDATED: 53 min ago
    $2,550,000
    • 17
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $283
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. It totals 17 bedrooms and 10 bathrooms with about 9,000 sf+/-. It is comprised of (2) 3BR/2BTH units, (5) 2 BR/1BTH units and a (1) 1BR/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals or converting it to a sober living home, senior living community or a possible condo conversion. Zoned R-2. Projected rents estimated at $15K+ per month. NOTE: Unit #1-3BR/2BTH is owner occupied and not on rent roles. CAP rate of 6% estimated. Units have modern, high end kitchens/bathrooms, tile flooring throughout, high ceilings, dual pane windows, washer/dryer in every unit and individual gas/electric meters. Complex close to public transportation and shopping. This is a superior complex ready for your investment direction. MLS pictures from 20

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T06:42:53.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.emansaridinhomes.com/homes/112900902
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    2980 E Ranchero Dr Palm Springs, CA 92262

    • Price: $2,550,000
    • Status: Pending
    • Updated: 53 min ago
    • ID#: 20-661096
    17
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    9,000
    SQFT
    $283
    $/SQFT
    1972
    Built
    Neighborhood:
    Palm Springs Central
    County:
    Riverside
    Area:
    Palm Springs Central
    Property Description
    Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. It totals 17 bedrooms and 10 bathrooms with about 9,000 sf+/-. It is comprised of (2) 3BR/2BTH units, (5) 2 BR/1BTH units and a (1) 1BR/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals or converting it to a sober living home, senior living community or a possible condo conversion. Zoned R-2. Projected rents estimated at $15K+ per month. NOTE: Unit #1-3BR/2BTH is owner occupied and not on rent roles. CAP rate of 6% estimated. Units have modern, high end kitchens/bathrooms, tile flooring throughout, high ceilings, dual pane windows, washer/dryer in every unit and individual gas/electric meters. Complex close to public transportation and shopping. This is a superior complex ready for your investment direction. MLS pictures from 20
    Exterior Features

    Levels Ground Level Lot Description LandscapedGated Community Lot Size Area 21371 Other Structures None Parking Garage AssignedDriveway Patio Features Other - See Remarks Pool Description In Ground Pool YN Yes Style Mid-Century Total Parking 12 View Description Mountains View YN Yes

    Interior Features

    Baths Total 10.00 Cooling Air ConditioningCentral Equipment DishwasherRange/OvenRefrigeratorDryerWasher Flooring Ceramic TileCarpet Heating Central Laundry Equipment Own Water Heater Features Central Water Heater

    Property Features

    Assessed Total Value 1981962 Gross Income 158000 Gross Operating Income 106617 Land Lease Type Fee Like Units1 2 Like Units2 5 Like Units3 1 Net Operating Income 98411.00 Number Of Buildings 1 Number Of Units 8 Owner Pays WaterPool ServiceGardener Property Condition Updated/Remodeled Rent Control YN No Sale Type Standard Security Features Gated Sewer In Connected And Paid Source Living Area Estimated Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGas Total Annual Expense 8205 TVServices Cable Tv Type Of Units Apartments Water Water District Water Heaters YN Yes Year Built Source Estimated Zoning R2

    Listing provided courtesy of Gil Rose DRE#01027089 of Homesmart Professionals.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T06:42:53.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Eman Saridin with RE/MAX of Santa Clarita
    25129 The Old Road STE #114
    Santa Clarita CA, 91381