623 Grenfall Road, Palm Springs

$1,100,000

0 Beds
0 Baths
0 Acres
0 Garages

Rare opportunity to own an architecturally significant property in the desirable Warm Sands community. Currently utilized as a 7 unit apartment complex, each unit is a single story floor plan, surrounded by a central and private pool, private back patios and well maintained grounds. Opportunity to continue its use as an apartment complex, or convert to boutique style short-term rental units similar to many already converted on Grenfall street; The Warm Sands neighborhood is a thriving boutique hotel and short-term rental market with soaring occupancy and increasing nightly rates. A strong long-term rental market with high demand from tenants also provide the future buyer with options to maintain a stabilized income producing asset with low vacancy rate and gradually increasing rents on renewals and turnovers. Tenants love the property and there is a waiting list of tenants always seeking the opportunity to rent at this property.

623 Grenfall Road is a Residential Income property for sale. This Residential Income property is on Fee land and the current price is $1,100,000. This property has 0 bedrooms and 0.00 bathrooms and it was built in 1960. Palm Springs South End (334) property has been listed on www.geoffreymoore.com for 134 days.

Essential Information
MLS® #19426896PS
Price$1,100,000
Bathrooms0.00
Acres0.00
Year Built1960
TypeResidential Income
StatusClosed
Community Information
Address623 Grenfall Road
AreaPalm Springs South End (334)
SubdivisionWarm Sands
CountyRiverside
StateCA
Zip Code92264
Interior
# of Stories1
Additional Information
Date ListedJanuary 24th, 2019
Days on Market134
Land TypeFee
Listing Details
AgentMd Mclean(01843447)
OfficeMcLean Company Rentals
Property History
Status Changed from Active Under Contract to Closed
Status Changed from Active to Active Under Contract
Status Changed from Active Under Contract to ActivePrice Reduced from $1,125,000 to $1,100,000
Status Changed from Active to Active Under Contract
Price Reduced from $1,200,000 to $1,125,000
Show All History (7)
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Based on information from California Regional Multiple Listing Service, Inc. as of July 7th, 2020 at 9:11am PDT. 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.