x
Address
623 S Grenfall Road Palm Springs, CA
Price
$ 1,100,000
Property Attributes
  • MLS#19426896PS
  • TypeIncome
  • CountyRIVERSIDE
  • CityPalm Springs
  • AreaPalm Springs South E
  • NeighborhoodWarm Sands
  • Zip92264
  • Style
  • Price$ 1,100,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4300
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
McLean Company Rentals
Property Description

Rare opportunity to own an architecturally significant property in the desirable Warm Sands community. Currently utilized as a 7 unit apartment complex, each unit is a single story floor plan, surrounded by a central and private pool, private back patios and well maintained grounds. Opportunity to continue its use as an apartment complex, or convert to boutique style short-term rental units similar to many already converted on Grenfall street; The Warm Sands neighborhood is a thriving boutique hotel and short-term rental market with soaring occupancy and increasing nightly rates. A strong long-term rental market with high demand from tenants also provide the future buyer with options to maintain a stabilized income producing asset with low vacancy rate and gradually increasing rents on renewals and turnovers. Tenants love the property and there is a waiting list of tenants always seeking the opportunity to rent at this property.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/25/2019 Listed $1,200,000
3/27/2019 7% - $1,125,000
4/18/2019 3% - $1,100,000

General Features

Grn Certif Rating 0.00
MLS Area Palm Springs South E
Maintenance 0.00
Property SubType Residential Income
Property Type Residential Income
Senior Community Y/N No
Subdivision Name Warm Sands
Total Units 7
Transaction Type Sale
Trash Expense 0.00
Water Sewer Expense 0.00
Year Built 1960
Zoning R2

Interior Features

# Of Ranges 0.00
Cooling Other
Dishwasher(s) 0.00
Disposal(s) 0.00
Heating Other
Living Area 4300.00
Refrigerators 0.00
Total Bedrooms 8

Exterior Features

Bathrooms 8.00
Land Lease Amount 0.00
Land Type Fee
Lot Size Acres 0.30
Lot Size Source (Assessor)
Lot Size Square Feet 13133.00
Lot Size Units SqFt
Number of Buildings 1
Private Pool Y/N No
Total Parking 7

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92264

Price
AVG $1.94M
$1.1M
Visits
AVG 25
12
Year Built
AVG 1956
1960
Walkscore
AVG 51
61
Data Provided by Walkscore ® not using MLS data

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