74534 Driftwood Drive, Palm Desert, CA 92260

$2,060,000
Property Type: Residential Income Bedrooms: 16 Baths: 8 Square Footage: 5,600 Status: Closed
Current Price: $2,060,000 List Date: 3/08/2022 Last Modified: 11/19/2024

Overview

Description

Property is 2 4-Plexes: 74534 Driftwood ( APN 625162032 ) and 74536 Driftwood ( APN 625162031) to be sold together. Excellent South Palm Desert location. Rents are below market ( see attached rent roll ) so plenty of upside. All units are similar 2bed 1 bath floorplans and approx. 700 sqft each. Market rents are $1650

Listing Details MLS# 219075088

General Property Information

Total Units
8
Total Bedrooms
16
Full Baths
8
Total Baths
8
Approx SqFt
5600
SqFt Source
Other
Fireplace
No
Building # of Stories
Yes
Pool
No
Lot Size Source
Other
Year Built
1965
Cross Streets
Deep Canyon

Property Features

Sale Type: Standard Listing Terms: 1031 Exchange Disclosures: Rent Control Levels: Ground; One Flooring: Other Cooling Type: Other Heating: Other Rooms: Other Security Safety: None Sewer: Unknown Parking: Other Land Lease Type: Fee Simple

Listing Location and Property Info

APN
625162032
Original List Price
2200000
Street #
74534
Street Name
Driftwood
Street Suffix
Drive
County
Riverside
State
CA
Zip Code
92260
Area
323 - Palm Desert South
Country
US

Listing Info

Number of Buildings
2
Laundry
No

Tax Info

Tax Mello Roos
No

Property Info

View
No
Senior Community
No
Gated Community
No

More Information

Status Change Info

Status Change Date
2022-04-20
Pending Date
2022-03-22
Closed Date
2022-04-20
Closed Price
2060000

Counts

# Electric Meters
8
# Gas Meter
8
# Water Meters
Yes

Parking SpacesInformation

Total Parking Spaces
5

Documents

Listing Office: Desert Properties of Coachella Valley
Listing Agent: Steven Mogavero
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.
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