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74415 Candlewood ST Palm Desert, CA 92260
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Key Details
Sold Price $325,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21457147DA
Sold Date 01/03/13
HOA Y/N No
Year Built 1981
Lot Size 7,405 Sqft
Property Description
Unique Residential Property plus two separate units; (1)2 Bdrm & (1)Studio,in rear of property. Each with individual entry, private patio,(3) kitchens w/granite counter tops, stove, refrigerator and microwave,(4)bathrooms, new roof on Unit #2 & Unit #3, front Residence is 3 Bdrm, 2 Ba. Property has been repainted inside and out, new auto drip irrigation system and desert landscape, new heat/AC units in Unit #2 & #3, separate private Electric meter Unit #2 & #3; Cent Air in front Residence, washer/dryer in front unit, new carpet all units...excellent investment property, low maintenance. 6.5% Cap Rate,Cash on Cash return 8.34%. Buyer to verify with city of Palm Desert grandfather provision on unit #2 & #3.
Location
State CA
County Riverside
Area 323 - South Palm Desert
Zoning Single Family Residential
Rooms
Other Rooms Guest House
Interior
Heating Combination, Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Appliance Gas Cooking
Exterior
Carport Spaces 2
Pool None
View Y/N No
Roof Type See Remarks
Accessibility None
Private Pool Yes
Building
Story One
Entry Level One
Water Public
Level or Stories One
Additional Building Guest House
Others
Tax ID 625196002
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Larry Bing • Windermere Real Estate
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