222 W Via Sol - Apartments FOR SALE


Palm Springs, CA 92262- Vista Las Palmas
$1,650,000 USD
310-704-2274
222 W Via Sol, Palm Springs, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/2
null | 4.33% Cap Rate

222 W Via Sol
Palm Springs, CA 92262
Vista Las Palmas


HIGHLIGHTS

  • Classic Mid Century Modern Architecture
  • Individually Metered for Utilities
  • 5 of the 7 units have been meticulously remodeled
  • Approximately 12% upside in rents
  • Off Street Parking for 9 cars

OVERVIEW

Classic Palm Springs Mid Century Modern 7-unit apartment building set against the majestic San Jacinto Mountains. Property is located in the highly desirable and much coveted residential neighborhood of Vista Las Palmas - Chino Canyon area. In addition to the 5 - 1 bedroom 1 bath units, there is a very spacious freestanding 2 bedroom 2 bath apartment and another spacious freestanding 1 bedroom 1 bath unit overlooking the common area pool. Including landscaping, resurfacing the pool, adding 5 private patio's to each of the 1 bedroom units, total exterior painting and the meticulous remodeling of 5 of the 7 units, ownership has spent approximately $200,000 in capital improvements. Onsite laundry room owned by the building provides added income.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

7

PRICE/UNIT

$235,714

CAP RATE

4.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,503 SF

ZONING

R2, Palm Springs

APN/PARCEL ID

505-162-004

ASK ABOUT THIS PROPERTY

Alan WachmanMiller & Desatnik Realty Corp.More Info
310-704-2274

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Alan WachmanMiller & Desatnik Realty Corp.More Info
310-704-2274

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