$1,100,000
FOR SALEActive482 W Pico
Palm Springs CA 92262
3,475
SF
Multi-Family
Type
1957
Built
$317/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Rare opportunity to own a well-positioned five-unit multifamily property in Palm Springs’ desirable Racquet Club West neighborhood. Situated on an approximately 10,019-square-foot lot, this unique property offers five separate units, including four one-bedroom/one-bath units and one two-bedroom/one-bath unit, providing flexibility for investors, extended living, or a combination of both. Each residence features its own private walled patio, full kitchen, dedicated living space, and a blend of classic Palm Springs character and functional design, including vaulted beamed ceilings, concrete and tile flooring, built-ins, and ample storage. Residents can enjoy a shared in-ground heated pool, on-site laundry, generous off-street parking, and beautiful surrounding mountain and desert views. The property also benefits from separately metered gas and electricity. Located just minutes from Downtown Palm Springs, with convenient access to restaurants, shopping, entertainment, and the area's iconic desert lifestyle, 482 W Pico Rd offers an exceptional opportunity to own a multifamily asset in one of Southern California's most recognizable destinations.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
RGA6
Zoning
0.23 acres
Lot Size
5
Total Units
3,475 SF
Square Footage
$316.55/SF
Price per SF
20.00%
Cap Rate
$19,000
Annual Tax
1,957
Year Built
1
Stories
8
Parking Total
2.30
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
20% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
20.00%
Cap Rate
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Closed commercial sales reported, newest first.
CRMLS
MLS# DW26191800
Listed:
Nalren refreshed:
Last updated
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Listed by: The Ave
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.