Listed by Joe Corbisiero, Compass,

2980 E Ranchero Dr

Palm Springs, CA, 92262

$3,150,000

$3,150,000
Active
Active
 - For Sale
property_type
Commercial
Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. pix are from 2020, the property had additional remodeling done, it is in great conditions. It totals 17 bedrooms and 10 bathrooms with about 9,000 sf+/-. It is comprised of (2) 3BR/2BTH units, (5) 2 BR/1BTH units and a (1) 1BR/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals or converting it to a sober living home, senior living community or a possible condo conversion. Zoned R-2. Actual rents at $15,419+ per month. Projected rent by end of the year $18,000 with a CAP rate of 5% estimated. Units have modern, high end kitchens/bathrooms, tile flooring throughout, high ceilings, dual pane windows, washer/dryer in every unit and individual gas/electric meters. Complex close to public transportation and shopping. This is a superior complex ready for your investment direction. This complex features an incredible sparkling pool and grassy area, assigned parking for each unit and gated. It is an incredible opportunity! Cooling: Central Forced Air Gas Exterior: ,,,,,,,,
MLS® ID:
220016810SD
Listed:
6/29/22
Updated:
8/15/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Heat Pump
Heating
Forced Air

Exterior/Building Features

Lot Size
0.49 acres lot
Roof
Composition

Other Property Details

Garage
No
Parking
N
Parking Total
12.0
View
N
County
Riverside
Pool
No
Zoning
R2

 

Listed by Joe Corbisiero, Compass,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/15/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 12:29 AM UTC, 8/15/22

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