73820 Shadow Mountain Drive, Palm Desert, CA 92260

$3,000,000
Property Type: Residential Income Baths: 12 Square Footage: 26,000 Lot Size (sq. ft.): 79,715 Status: Closed
Current Price: $3,000,000 List Date: 10/30/2012 Last Modified: 11/17/2024

Overview

Description

26 Units, two buildings, two seperate lots, 52 bedrooms,52 bathrooms, 3 dens, in the heart of Palm Desert just a few steps to the El Paseo shopping district. Each unit has washer/dryer hookups. There are two pools and two barbeque areas. Total parking is 52 spaces one half of which is covered. Please call listing office for appointment. DO NOT DISTURB TENANTS...Thanks Propety tax, insurance, gardening quotes are estimates. Income is based on market rents...Actual rents are below market...Contact listing office...Other APN is 627-273-023

Listing Details MLS# 21464047

General Property Information

Total Units
26
Baths Full
12
Living Area
26000
SqFt Source
Other
Price Per Unit
149807
Fireplace
No
Pool
Yes
Lot Size Acres
1.83
Lot Size Area
79715
Lot Size Source
Other
Year Built
1990

Property Features

Owner Pays: Pool Service Sale Type: Standard Listing Terms: Cash; Cash to New Loan Possession: Close Of Escrow; Subject To Tenants Rights Lot Description: 2 - 4 Lots Disclosures: Owner Has Real Estate License; Property As Is Levels: Two Foundation: Slab Cooling Type: Air Conditioning; Central Air Pool Accessories: Safety Fence Pool Construction: In Ground Pool Description: Heated Heating: Central Heating Fuel: Natural Gas TV Services: Cable TV Roofing: Tar/Gravel Water: Water District Water Heater Feature: Gas

Listing Location and Property Info

Parcel Number
627273022
Listing Contract Date
2012-10-30
Original List Price
3895000
Street #
73820
Street Name
Shadow Mountain
Street Suffix
Drive
County
Riverside
State
CA
Postal Code
92260
MLS Area
323 - Palm Desert South

Listing Info

Water Heater
Yes
Laundry Equipment
Own
Elevator
No
ADA Compliant
No

Tax Info

Tax Mello Roos
No

Property Info

View
No

More Information

Status Change Info

StatusChangeDate
2013-07-19
Purchase Contract Date
2012-11-28
Close Date
2013-07-09
Close Price
3000000

Counts

# of Dishwashers
26
# of Disposals
26
# of Ranges
26

Water

Water District Name
CVWD

Income & Expenses

Gross Operating Income $
306132
Gross Schedule Income $
315600
Monthly Gross Income $
26300
Net Operating Income $
199643
Electricity $
5038
Expense Management $
11247
Gardener $
10000
Gas $
1942
Insurance $
8000
Operating Expenses $
106490
Pest Control $
1275
Pool Expense $
2970
Trash $
4998
Water Expense $
7020
Listing Office: Peter Murray & Associates
Listing Agent: Peter B Murray
Last Updated: November - 17 - 2024
Information deemed reliable but not guaranteed.
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