476 E Chuckwalla Road, Palm Springs, CA 92262

About this property

We are pleased to present 476 E. Chuckwalla Road in the highly sought after city of Palm Springs. The property offers a unique unit mix ranging from (1) 2 Bedroom, (2) 1 Bedroom, and (3) Studio Units. The lot contains a desirable single-story constructed building with an elegant courtyard common area with xeriscape landscaping. Each unit also offers a private backyard for the tenants as well as plenty of onsite parking in the front of the lot. Tenants enjoy a coin-operated onsite laundry facility as well as central heating and A/C. Units have been upgraded with newer flooring, kitchens, and bathrooms. The demand for rentals in Palm Springs has outpaced supply over the years and this contributes to a growing rental market and rental rate. An investor will enjoy a solid current cash flow upon the successful close of escrow and opportunity for significant upside.

Listing description from the March 2021 sale, as reported to CRMLS.

Sale history

$995,000

Sold March 2021 · on market December 2020 · MLS #CV20263454 · Source: CRMLS

Listing Agent: KRISTOPHER GERMAN · Listing Office: RE/MAX 2000 · Contact: 909-948-2988 · Bought with: Al Rodriguez · Coldwell Banker Realty

$854,000

Sold July 2020 · listed $899,500, on market May 2020 · MLS #219042427DA · Source: CRMLS

Listing Agent: John Xepoleas · Listing Office: Xepco Properties · Contact: (760) 345-8888 · Bought with: Kristopher German · RE/MAX 2000 REALTY

$535,000

Sold January 2017 · on market October 2016 · MLS #16167756 · Source: CRMLS

Listing Agent: Renee Aguilar · Listing Office: Premier Southland Properties · Contact: 310-383-3601 · Bought with: John Xepoleas · Desert CitiesProperty Mgmt.

$429,000

Sold February 2016 · listed $479,900, on market December 2015 · MLS #215036948DA · Source: CRMLS

Listing Agent: Brad Schmett Real Esta... · Listing Office: Keller Williams Luxury Homes · Contact: 760-541-7000 · Bought with: OUT OF AREA OUT OF AREA · OUT OF AREA

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