74390 Alessandro Drive,  Palm Desert CA, 92260 (Residential Income)

7,000 sqft
Status: Sold
MLS#: 14783527PS
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Last Updated: 12/7/2016 2:53 PM
Description for 74390 Alessandro Drive Palm Desert, CA 92260
Great location just steps from El Paseo. Most units have been rehabbed with tile or wood laminate floors. All central a/c units replaced with window units. Expenses run super lean with long term tenants happy at below market rents. Zero landscape expense. Leased laundry room. Open parking for 10 cars with tons of street parking. 10 legal units with one non conforming studio that was spit off from one of the original 3 BR units and has been rented at $300 the past 10 years due for increase. 3 BR unit has resident "watcher" below market at $700 but there over 10 years.
Price
Sold Price:
$945,000
Sold Date:02/13/2015
Riverside
7,000 (approx)
14783527PS
Closed
Description
Great location just steps from El Paseo. Most units have been rehabbed with tile or wood laminate floors. All central a/c units replaced with window units. Expenses run super lean with long term tenants happy at below market rents. Zero landscape expense. Leased laundry room. Open parking for 10 cars with tons of street parking. 10 legal units with one non conforming studio that was spit off from one of the original 3 BR units and has been rented at $300 the past 10 years due for increase. 3 BR unit has resident "watcher" below market at $700 but there over 10 years.
Listing Information
Property Type: Cluster, Other
0.26 Acres 11,432 sq.ft. 7,000 (approx)
1973 $0
Stucco
10 Total
Neighborhood
Room Information
Common
Interior Features
Dishwasher
Carpet Wall to Wall, Bamboo
Window/Wall Unit
Exterior / Lot Features
10 Parking Spaces, Assigned Parking Space
Stucco
R304M
Driving Directions
Highway 111 cross over at El Paseo
Financial Considerations
625092006
,$12,311
Listing Price History

Palm Desert Real Estate

Palm Desert is located in California. Palm Desert, California 92260 has a population of 48,959.

The median household income in Palm Desert, California 92260 is $53,456. 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 Desert 92260 is 53.8 years.

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Courtesy: Realty Executives Dale Lawrence
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