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540 Mountain View Drive, Palm Springs, CA 92264

7 Bed, 5 Bath Multi-Family Home For Sale

540 Mountain View Drive, Palm Springs, CA 92264 House For Sale - MLS #17226014PS
Off the Market
$759,000
7
5
Multi-Family
4 Family
This listing is courtesy of Kelli Ross from Bennion Deville Homes.

Property Description for 540 Mountain View Drive, Palm Springs, CA 92264

Mid-Century 4 plex income property in South end Palm Springs. Pride-of-ownership and very well maintained. Consists of two 2br/1ba, one 2br/2ba, one 1br/1ba units. Could be reconverted to 5 units for another $1000 per month of income. All floors are stained concrete, exterior windows have been replaced, retiled bathrooms, newer kitchens, all units share a courtyard as well as have a private outdoor space. Current rents are believed to be under market. All 4 units have their own electric and gas meters. There is a community laundry and off-street assigned parking for each unit plus 3 guest parking. Live in one unit and rent the rest. Drive by only DO NOT DISTURB TENANTS. Cap rate on projected rents is 6.50.

Interior Details

3,356 sq. ft.
$226.16/sq. ft.

Exterior Details

0.23 acres
10,203 sq. ft.
7

Other Details

17226014PS
1955
4

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,090     

Unit #2
Bedrooms: 2      Full / Half Baths: 2      Rent: $1,100     

Unit #3
Bedrooms: 1      Full / Half Baths: 1      Rent: $750     

Unit #4
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,090     

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Town Description

Palm Springs is a desert city in Riverside County, California, within the Coachella Valley. It is located approximately 37 miles east of San Bernardino, 111 miles (177 km) east of Los Angeles and 136...

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