606 W Arenas Road,  Palm Springs CA, 92262 (Residential Income)

3,000 sqft
Status: Sold
MLS#: 15895599PS
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Last Updated: 12/7/2016 10:25 PM
Description for 606 W Arenas Road Palm Springs, CA 92262
Prime investment or live-in opportunity! Located in the prestigious Tennis Club neighborhood of downtown Palm Springs, this impeccably maintained Mid-Century modern building features 1-2 bedroom, 2-1 bedroom, & 1 studio units. A sparkling pool, beautiful gardens & amazing mountain views add to the beauty of this golden 4-unit property. Gross Rent of $59,100 and Net Income of $34,531. The spacious 2-bedroom unit has been tastefully renovated with beautiful tile throughout, raised granite counter tops in the kitchen & baths, high-end appliances & wood-burning fireplace in the living room. The other units include two 1 bedrooms each with a remodeled bath & private mountainside patio; & a large studio with eat-in kitchen & restored vintage cabinetry. Each unit has exposed wood, tongue & groove, vaulted ceilings. Tenant perks include free laundry & off-street parking. This gated Mid-Century complex sits below the world famous Frey house & is just a short walk to restaurants & downtown.
Price
Sold Price:
$817,000
Sold Date:07/08/2015
Riverside
3,000 (approx)
15895599PS
Closed
Description
Prime investment or live-in opportunity! Located in the prestigious Tennis Club neighborhood of downtown Palm Springs, this impeccably maintained Mid-Century modern building features 1-2 bedroom, 2-1 bedroom, & 1 studio units. A sparkling pool, beautiful gardens & amazing mountain views add to the beauty of this golden 4-unit property. Gross Rent of $59,100 and Net Income of $34,531. The spacious 2-bedroom unit has been tastefully renovated with beautiful tile throughout, raised granite counter tops in the kitchen & baths, high-end appliances & wood-burning fireplace in the living room. The other units include two 1 bedrooms each with a remodeled bath & private mountainside patio; & a large studio with eat-in kitchen & restored vintage cabinetry. Each unit has exposed wood, tongue & groove, vaulted ceilings. Tenant perks include free laundry & off-street parking. This gated Mid-Century complex sits below the world famous Frey house & is just a short walk to restaurants & downtown.
Listing Information
Property Type: Cluster, 1 Story
0.17 Acres 7,500 sq.ft. 3,000 (approx)
$272.33 1956
1 Stucco
Gas Water Heater
Cable TV
4 Total
Neighborhood
Room Information
Interior Features
Refrigerator, Dishwasher, Washer, Dryer
Ceramic Tile
Central Air
Hot Water, Hot Water Circulator
Wood-burning, Family Room
Exterior / Lot Features
4 Parking Spaces, Assigned Parking Space, Uncovered
Stucco
Pool
In-ground
Mountain, Pool View
r-2
Community Features
Community Pool
Driving Directions
From S. Palm Canyon Dr. Turn right (West) on W. Arenas Rd. Property is located on the right side of the road. 2nd to last building on the North side.
Financial Considerations
513580060
,$24,569
Listing Price History

Palm Springs Real Estate

Palm Springs is located in California. Palm Springs, California 92262 has a population of 45,115.

The median household income in Palm Springs, California 92262 is $45,404. The median household income for the surrounding county is $57,096 compared to the national median of $53,046. The median age of people living in Palm Springs 92262 is 51.4 years.

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Courtesy: Hom Sotheby's International Re Carl Blea
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