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42995 Park Place #1-4
Palm Desert, CA 92260
Sold
It's unusual to find a newer well maintained residential income property located in such a desirable neighborhood. Excellent location with high rental demand. A well maintained and renovated 4-plex in the heart of Palm Desert close to desired schools in a favored school district. The property consists of two 3bd/2ba units (end units #1 and #4) and two 2bd/2ba units (the middle units #2 and #3). Two units (#3 and #4) have been recently upgraded and renovated and are being rented at top market rents. The other two units (#1 and #2) both have long term tenants, both on month to month leases. There is a private community pool area with mountain views located in a quiet e cul-de-sac shared by other fourplex properties. An HOA covers roof, common area and pool/spa. Roofs were replaced in 2012, new efficient A/C's installed in 3 units within the past 2 years. All units offer nice privacy, enclosed patio spaces, two with fireplaces, private inside laundry and attached double car garages. Upside potential to renovate and remodel the remaining two units and get top market rents. Please ask for Income, Expense, Rent Roll and Projected Rent Statements.
PROPERTY INFORMATION
| MLS # | 219076623DA | Lot Size | 15,246 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,750,000
Price Per SqFt: $ inf |
DOM | 995 Days |
| Address | 42995 Park Place #1-4 | Type | Residential Income |
| City | Palm Desert | Sq.Ft. | Sq. Ft. |
| Postal Code | 92260 | Garage | 8 |
| County | Riverside | Year Built | 1991 |
| Bed / Bath | 0 / 0 | Parking | 10 |
| Built In | 1991 | Status | Closed |
| Sold Date | 2022-06-06 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Has Fireplace | Yes |
| Fireplace Information | Gas Starter, Living Room |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Water Heater, Water Heater |
| Has Heating | Yes |
| Heating Information | Electric, Central, Forced Air |
| Room Information | See Remarks |
| Has Cooling | Yes |
| Cooling Information | Electric, Central Air |
| Flooring Information | Tile, Laminate |
| Has Spa | Yes |
| SpaDescription | In Ground, Community |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Has Pool | Yes |
| Pool | Community, In Ground |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,867
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/05/2022 | Closed | $1,600,000 |
| 04/05/2022 | Closed | $1,750,000 |
| 04/04/2022 | Listed | $1,750,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Doug Fischer, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
