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Property Detail

Property Detail

Property Detail

350 Chino Canyon, Palm Springs, CA 92262

350 Chino Canyon, Palm Springs, CA 92262

$6,950,000 LOGIN TO SAVE

Bedrooms: 0

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Bathrooms: 0

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Area: 0 SqFt.

    Description

    Prime Investment Property 25 Suites May be used as an apartment complex. Between Las Palmas & Little Tuscany Palm Springs CA Tremendous Opportunity. Tucked in a quiet street This residential income property offers location location location. Amenities include Pool Spa Zen Garden Fruit Trees 25 patios. Apartment style suites may be booked daily weekly monthly. Zoning allows for Multiple-Family Dwellings. Gorgeous mountain view owning a property such as this allows for endless possibilities. The subject property sits on 1.23 acres with ample parking and an on-site laundry / office facility. Tremendous upside in value adds opportunity, a buyer could expand the portfolio's cap rate well above 5.5% per unit. Built as residential apartments in 1956 this mid-century apartment complex has 25 all suites with kitchens. All 25 suites have separate electric meters. One suite is ADA-compliant. Eleven suites are comprised of one bedroom, and one bath. Six suites are two bedrooms, one bath, Eight suites or two bedrooms one and a half bath. One suite is currently used as an office.

    Features​

    • 1 Story
    • Parking Spots: 27.00
    • Business Type: Multi-Tenant

    Steve and Diana Lincoln

    Call or Text Steve: (760) 707-6033​​​​​​​​​​​​​​

    ​​​​​​​Call or Text Diana: (760) 707-6034

    Follow Us

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    Contact

    CA DRE #01870580

    6965 El Camino Real 105-690, Carlsbad CA 92009

    877.692.8427

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    #1 Agent in Aviara

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.

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