2980 E Ranchero Dr, Palm Springs, CA 92262
Commercial property · 3 recorded sales since 2018
Sold November 2022
Listing Agent: Joe Corbisiero (DRE #01886351) · Listing Office: Compass · Contact: 619-317-1875 · Bought with: Dana Prophet · Re/Max Big Bear · MLS #220027581SD · Source: CRMLS
About this commercial property
Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. pix are from 2020, the property had additional remodeling done, it is in great conditions. 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. Actual rents at $15,419+ per month. Projected rent by end of the year $18,000 with a CAP rate of 5% 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. This complex features an incredible sparkling pool and grassy area, assigned parking for each unit and gated. It is an incredible opportunity! Cooling: Central Forced Air Gas Exterior: ,,,,,,,,
Listing description from the November 2022 sale, as reported to CRMLS.
Sale history
