Deal numbers
A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.
Property details
- Type
- SingleFamilyResidence
- Bedrooms
- 5
- Building size
- 3,475 sqft
- Lot size
- 10,019 sqft
- Year built
- 1957
- Stories
- 1
- Garage spaces
- 0
- Style
- Contemporary
- Heating
- Wall Furnace
- Cooling
- Gas,Wall/Window Unit(s),Evaporative Cooling
- Pool
- Private
- View
- Desert,Mountain(s)
- Status
- Active
- Days on market
- 5
- MLS #
- 247443951
About this property
Rare opportunity to own a well-positioned five-unit multifamily property in Palm Springs’ desirable Racquet Club West neighborhood. Situated on an approximately 10,019-square-foot lot, this unique property offers five separate units, including four one-bedroom/one-bath units and one two-bedroom/one-bath unit, providing flexibility for investors, extended living, or a combination of both. Each residence features its own private walled patio, full kitchen, dedicated living space, and a blend of classic Palm Springs character and functional design, including vaulted beamed ceilings, concrete and tile flooring, built-ins, and ample storage. Residents can enjoy a shared in-ground heated pool, on-site laundry, generous off-street parking, and beautiful surrounding mountain and desert views. The property also benefits from separately metered gas and electricity. Located just minutes from Downtown Palm Springs, with convenient access to restaurants, shopping, entertainment, and the area's iconic desert lifestyle, 482 W Pico Rd offers an exceptional opportunity to own a multifamily asset in one of Southern California's most recognizable destinations.
Location
482 W Pico
Palm Springs, Riverside, CA, 92262