13405 Ocotillo Rd - Apartments FOR SALE


Desert Hot Springs, CA 92240
$1,500,000 USD
951-501-6567
13405 Ocotillo Rd, Desert Hot Springs, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/6
null | 6.38% Cap Rate

13405 Ocotillo Rd
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • All 2 Bedroom 1 Bath Apartments
  • Washer Dryer Connections and Dishwashers in each apartment
  • Built 1987 with nice floor plan
  • Central Air, Tile Roof
  • Easy To Rent
  • 8 Garages, with new additional paid Assigned Parking being added

OVERVIEW

Value Add Figures represent current income, current expenses, NEW OR FUTURE TAXES VIA OWNERSHIP CHANGE. FIX AND FLIP OR LONG TERM HOLD Recent Turnover with good paying residents Room for Improvement in rents after rehab and a couple turnovers Section 8 Allows up to $2101 for 2 bedrooms in Riverside County, currently has 2 Section 8 Residents No Local Rent Control Asking $1,500,000 PRICE REDUCTION PARTIAL SELLER FINANCING AVAILABLE ADDED PARKING FOR A FEE IN PROCESS

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

6.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patio Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,427 SF

ZONING

R-2,Desert Hot Sprng

APN/PARCEL ID

641-271-010

ASK ABOUT THIS PROPERTY

Robyn WonnellSoCal Apartment Brokers, Inc and KW CommercialMore Info
951-501-6567

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Robyn WonnellSoCal Apartment Brokers, Inc and KW CommercialMore Info
951-501-6567

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.