Palm Springs, CA 92264,623 S GRENFALL RD
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Palm Springs, CA 92264,623 S GRENFALL RD
Palm Springs, CA 92264,623 S GRENFALL RD
Palm Springs, CA 92264,623 S GRENFALL RD
Palm Springs, CA 92264,623 S GRENFALL RD

$1,070,000

Est. payment /mo

$1,100,000

2.7%
Est.Price: ?

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623 S GRENFALL RD Palm Springs, CA 92264

0.3 Acres Lot

SOLD DATE : 07/29/2019

Key Details

Sold Price $1,070,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Warm Sands

MLS Listing ID 19426896PS

Sold Date 07/29/19

HOA Y/N No

Year Built 1960

Lot Size 0.301 Acres

Property Description

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.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 7

Private Pool No

Building

Story 1

New Construction No

Others

Senior Community No

Tax ID 508212002

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by MD McLean • McLean Company Rentals
Bought with Alan Wachman • Miller & Desatnik Realty Co.

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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