Residential Income – 74630 Shadow Hills Rd, Palm Desert, CA 92260, USA -001-11-30T00:00:00-08:00
And #8203; 8-Unit Property with Pool at and #8203; 74630 Shadow Hills Rd in South Palm Desert: and #8203; and #8203; Eight 2-bd / 2-ba units, pool and #8203; and carports and #8203; situated on 0.61 acres. Buildings consist of 4 duplex buildings with single
74630 Shadow Hills Rd, Palm Desert, CA 92260, USA
$1,775,900 USD
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Address74630 Shadow hills Road, Palm Desert
Price$1,775,900
Price Changed11.2% (-$224,099, 30 days ago)
Year Built2000
Bedrooms Total0
Lot Size (Sq.Ft.)26,572
Listing ID218017352DA
StatusActive
Parcel Number625161015
ZoningN.A.
Special ConditionsStandard
Days on Market127

Detailed Description: And #8203; 8-Unit Property with Pool at and #8203; 74630 Shadow Hills Rd in South Palm Desert: and #8203; and #8203; Eight 2-bd / 2-ba units, pool and #8203; and carports and #8203; situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 4.81%.

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Address Information
Address74630 Shadow hills Road, Palm Desert
Street SuffixRoad
Subdivision NameNot Applicable-323 (NA323)
CityPalm Desert
Location (MLS Area)323 – South Palm Desert
County Or ParishRiverside
State or ProvinceCA
Postal Code92260
Postal Code Plus44545
Financial Information
Price Changed-11.205%
Previous Price$1,999,999
Price per Lot Square Foot$66.83
Price per Unit$221,987
Tenant PaysElectricity, Gas
Special ConditionsStandard
Total Expenses$32,460
Insurance Expense$1,600
Pool Expense$1,560
Electric Expense$500
Gross Income$6,700
Gross Scheduled Income$80,400
Net Operating Income$50,630
Gross Multiplier22.09%
Tax Year2001
Full Descriptions
Parcel Number625161015
Detailed DescriptionAnd #8203; 8-Unit Property with Pool at and #8203; 74630 Shadow Hills Rd in South Palm Desert: and #8203; and #8203; Eight 2-bd / 2-ba units, pool and #8203; and carports and #8203; situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 4.81%.
Lot FeaturesLawn, Lot Shape-Irregular, Lot-Level / Flat
Community FeaturesCurbs
Water SourcePublic
Construction MaterialsStucco, Frame
Roof DescriptionRolled / Hot Mop, Flat
Heating DescriptionCentral Furnace
Cooling DescriptionCentral
Appliances DescriptionGas Cooking
Pool FeaturesIn Ground, Gunite
Property parameters
Year Built2000
Lot Size (Sq.Ft.)26,572
Lot Size SourceAssessor
Number of Buildings4
Number of Units Leased8
Number of Units Total8
ZoningN.A.
Parking Spaces16
LevelsTwo
Carport Spaces16
Water SourcePublic
Units Total8
Average 2 Bedroom Area990
Number of Separate Electric Meters9
Number of Separate Gas Meters8
Number of Separate Water Meters1
Units with Dishwasher8
Units with Disposal8
Units with Refrigerator8
Cap Rate (For Cash Payment Only)2.85
Listed withDoug Fischer (Coldwell Banker Res. Brokerage)