351 E Cottonwood Road, Palm Springs, CA 92262
Property · 2 recorded sales since 2019
Sold November 2020
Listing Agent: Michael Heath (DRE #01716810) · Listing Office: VPM Rents, Inc. · Contact: (888) 503-2909 · Bought with: Joy Lynn Thayer · Desert Tara Tori Properties · MLS #219050894PS · Source: CRMLS
0
Bathrooms
10,890 sqft
Lot Size
1947
Year Built
Property
Type
0
Garage
Yes
Pool
WallWindowUnits
Cooling
Central, None
Heating
Mountains
View
About this property
Known as the Acacia Inn, this storied property has the feel of old Hollywood. Gated and well maintained 4 unit plus detached main house is an investor's dream. Impressive Gross Rent Multiplier and CAP rate! Live on site in the main house and keep rental income on the occupied units.
Listing description from the November 2020 sale, as reported to CRMLS.
Sale history
$915,000
Sold November 2020 · listed $889,000, on market October 2020 · MLS #219050894PS · Source: CRMLS
Listing Agent: Michael Heath · Listing Office: VPM Rents, Inc. · Contact: (888) 503-2909 · Bought with: Joy Lynn Thayer · Desert Tara Tori Properties
$721,000
Sold June 2019 · listed $750,000, orig. $925,000, on market January 2019 · MLS #IG19012394 · Source: CRMLS
Listing Agent: Darren Kirkland · Listing Office: Legacy Realty Partners · Contact: 714-209-7333 · Bought with: Alan Wachman · Miller & Desatnik Realty Co.