550 El Cielo Road, Palm Springs

$2,800,000

0 Beds
0 Baths
0 Acres
0 Garages

Exceptional resort style 15 unit apartment complex now available. Excellent investment opportunity with significant upside. A total living space of 13,535 SQFT. The compound comprises of 2 two-story buildings with a single level casita building in the center. A private setting with gated entrances, large pool area, and covered carport parking. Lush and green with mature landscaping and towering palm trees provide an inviting and oasis-like atmosphere. The property is fully leased with 15 long term quality leases. This apartment complex offers a stable income and value-add opportunity to capitalize on one of the most robust real estate markets in the country. Professionally managed.

Essential Information
MLS® #19445960PS
Price$2,800,000
Bathrooms0.00
Acres0.00
Year Built1970
TypeResidential Income
StatusClosed
Community Information
Address550 El Cielo Road
AreaPalm Springs South End (334)
SubdivisionDemuth Park
CityPalm Springs
CountyRiverside
StateCA
Zip Code92264
Interior
AppliancesRefrigerator
# of Stories2
Cooling

Wall or Window Units, Zoned A/C, Heat Pump(s)

Additional Information
Land TypeFee
Date ListedApril 15th, 2019
Days on Market39
Listing Details
AgentP. Tomov(01915444)
Office

Coldwell Banker Residential Brokerage

Property History
Status Changed from Pending to Closed
Status Changed from Active Under Contract to Pending
Status Changed from Active to Active Under Contract
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
Show All History (7)
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Based on information from California Regional Multiple Listing Service, Inc. as of January 24th, 2020 at 5:36pm PST. 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.