622 S Warm Sands Drive, Palm Springs, CA 92264

About this property

South Palm Springs 6 unit apartment building in Warm Sands, Five - 2 bed 1 bath units and One - 1 Bed 1 Bath. Very high demand rent area provides very little turnover, rents are under market rates which provides an upside opportunity to a new investor. Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Existing Gross Scheduled Income is $70,440, with existing rents being ± 15% under market value. See supplements for marketing package.

Listing description from the June 2017 sale, as reported to CRMLS.

Sale history

$887,000

Sold June 2017 · listed $905,000, on market April 2017 · MLS #EV17069184 · Source: CRMLS

Listing Agent: NATHAN DIONES · Listing Office: REGIONCY REAL ESTATE · Contact: 800-793-4249 · Bought with: Alan Wachman · Miller & Desatnik Realty Co.

$820,000

Sold March 2016 · listed $859,000, on market December 2015 · MLS #SW15257795 · Source: CRMLS

Listing Agent: Tony Burton · Listing Office: Burton Commercial, Inc. · Contact: 951-375-7433 · Bought with: Tony Burton · Burton Commercial, Inc.

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