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13704 Avenida Hermosa Desert Hot Springs, CA 92240
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Key Details
Sold Price $1,230,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 8,383 sqft
Price per Sqft $146
Subdivision Other (Othr)
MLS Listing ID CV19054392
Sold Date 09/13/19
HOA Y/N No
Year Built 1970
Lot Size 4.700 Acres
Acres 4.7
Property Description
Marcus & Millichap is pleased to present the sale of 13704 Avenida Hermosa. This investment consists of 13 single story, duplex style apartments with a single-family residence feel located in the strong rental market of Desert Hot Springs, California within the greater Inland Empire area. Built in 1970, this property features 69% one bedroom-one bath units totaling 8,383 square feet, built on a 4.70 acre lot, zoned as RL, at 5 units per acre.
This investment opportunity is located within 60 minutes of 100 local golf courses, within 20 minutes of numerous hot spring facilities, and a short drive to Interstate 10 and local shopping centers, providing tenants with convenient access to a wide variety of restaurants and entertainment. This location additionally offers high visibility in an area known for its strong tenancy, stable rent growth and a historically high occupancy rate.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Zoning TR
Interior
Laundry Community
Exterior
Pool None
Community Features Street Lights
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Please drive by property, do not disturb the tenants.
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Bought with MARCUS & MILLICHAP