Desert Hot Springs, CA 92240,11220 Palm DR
Desert Hot Springs, CA 92240,11220 Palm DR
Desert Hot Springs, CA 92240,11220 Palm DR
10
$1,885,000
$1,980,000
4.8%
Est.Price: ?

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0.39 Acres Lot

11220 Palm DR Desert Hot Springs, CA 92240

Est. payment /mo
SOLD DATE : 12/10/2021

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Key Details

Sold Price $1,885,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Vista Palms

MLS Listing ID 21700424

Sold Date 12/10/21

HOA Y/N No

Year Built 1966

Lot Size 0.393 Acres

Property Description

2 Townhouse style front unit/owner unit, 2 Bed 1.5 Bath, one of the two has a a balcony and view, as well as a suite on the far side. 90%-100% occupied at any given time. Boutique hotel, motel and spa, 19 units with kitchenet. Desert Hot Springs, great location, adjacent to Palm Desert and Palm Springs. Appraised over a year ago for $2.450,00.00 . Price per rooms are average $349.00 per week, (lowest in the area). Used to be an apartment structure, every unit is equipped with separate meters. This property has huge upside potential. With $390,000 down owner will carry balance. Please do not disturb the Manager

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Zoning LC

Interior

Interior Features CeilingFans, Furnished

Heating Electric

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Appliance Microwave, Oven

Laundry CommonArea

Exterior

Garage Driveway, OneSpace

Pool Fenced, Filtered, Tile

Accessibility None

Total Parking Spaces 15

Building

Lot Description CornersMarked

Story 2

Foundation Slab

New Construction No

Others

Senior Community No

Tax ID 639261004

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kenneth Jacobi • South State Real Estate Managment, Inc.
Bought with Kenneth Jacobi • South State Real Estate Manage

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Karen Anderson

Broker Associate | License ID: 01224307

+1(310) 251-2883

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