Palm Springs, CA 92264,550 S EL CIELO RD
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Palm Springs, CA 92264,550 S EL CIELO RD
Palm Springs, CA 92264,550 S EL CIELO RD
Palm Springs, CA 92264,550 S EL CIELO RD
Palm Springs, CA 92264,550 S EL CIELO RD

$2,650,000

Est. payment /mo

$2,800,000

5.4%
Est.Price: ?

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550 S EL CIELO RD Palm Springs, CA 92264

0.7 Acres Lot

SOLD DATE : 06/19/2019

Key Details

Sold Price $2,650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Demuth Park

MLS Listing ID 19445960PS

Sold Date 06/19/19

HOA Y/N No

Year Built 1970

Lot Size 0.703 Acres

Property Description

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.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Interior

Cooling Heat Pump, Wall/Window Unit(s), Zoned

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Detached Carport

View Y/N No

Total Parking Spaces 20

Private Pool No

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 680031013

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Panayot Tomov • Coldwell Banker Realty
Bought with Sasha Tsarevsky • ATT Capital Group Corp.

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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