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Juan Oropeza

Citiwide Realty Group

juan@juanorealtor.com +1(818) 941-0721

$ 1,850,000

Est. payment | -/mo

0.53 Acres Lot

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$ 1,850,000

Est. payment | -/mo

Save

0.53 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219150802DA

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1957

Lot Size 0.530 Acres

Property Description

1733 E Amado Rd. is a 10-unit multifamily property located in Palm Springs, CA. The property is an extremely rare opportunity as it will be delivered 100% vacant at Close of Escrow. No existing tenants, notices, cash for keys... renovate and take to full market rents. The asset features ample off-street parking, a gated pool, and several units with private yard space. The unit mix consists of one- and two-bedroom units, catering to a broad tenant base.Located in the highly desirable Sunrise Park neighborhood of Central Palm Springs, 1733 E. Amado Rd offers investors a rare opportunity to own an apartment property in one of Southern California's strongest lifestyle-driven rental markets. The property sits just east of Downtown Palm Springs, providing residents with convenient access to shopping, dining, entertainment, healthcare, and Palm Springs International Airport.This offering is well-suited for investors seeking a value-add opportunity with significant income growth potential and the ability to meaningfully increase cash flow almost immediately. Potential for existing multifamily, short-term furnished rental, or boutique motel. There is also potential to add an 11th unit by combining existing units. Buyer to verify all repositioning strategies. The property has some existing permitting needs with the City of Palm Springs, contact Broker to discuss further.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Zoned

Flooring Tile

Fireplace No

Appliance Water Heater

Exterior

Parking Features Assigned, Driveway

Pool Community, In Ground

Community Features Pool

View Y/N Yes

View Mountain(s)

Total Parking Spaces 13

Private Pool Yes

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 502063007

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Kyle Carruthers KC West Real Estate #01959946

1733 E Amado RD Palm Springs, CA 92262

Juan Oropeza

Key Details

Location

Interior

Exterior

Building

Others

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1733 E Amado RD