343 W Tramview Road

Palm Springs, CA 92262

  • 2 Bed(s)
  • 1 Bath(s)
  • 3,200 Sqft
  • 7405
    Sqft(Lot)
$930,000

Description

This fine 4plex is located just off highway 111, and just five minutes from downtown palm springs including tenant convenience shopping! these are really nice units that have been fixed up inside and out. seller may provide seller financint!! seller is motivated to sell and therefore has given a major price reduction of $150,000!! please note that after this price reduction, this is by far the best priced palm springs 4plex offering in several years!!! these units consists of four 2 bedroom 1 bath apartments. units include upgraded interiors and kitchen appliances. units have separate gas and electric meters that that tenants sign up and pay for. all units have air conditioning. seller pays water and trash. these units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 gross rent multiplier, a 8.92% cap rate, and a robust 17.37% cash on cash return. for rent roll and income/expense details, please see supplements attached. buyer/buyer's agent to provide all their required disclosures, and provide and pay for all tc services for buyer and seller including all documents including through docusign.

  • Property Type

    Residential Income

  • County

    Riverside

  • Style

    Residential Income

  • AD ID

    48979081

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1965
    • Building Area Total: 3,200

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.17
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7405

  • Listing Price Information

    • Original List Price: 930,000
    • Listing Contract Date: 2025-03-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 669401003

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 331 - North End Palm Springs
    • Postal Code Plus 4: 1300
    • Directions: Hwy 111 to Tramview
    • Zoning: RGA
    • Source Property Type: Residential Income
    • Area: 331 - North End Palm Springs
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 60
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/05/2025 @ 02:46

  • MLS: SW25057294
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 2 bedrooms which is for sale, it has 3,200 sqft, 7,405 sized lot, and 0 parking. are nearby neighborhoods.