Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSW25057294
MLS Source
California Regional MLS
Days on Site
22
Interior Features
Appliances
Other
Heating
No Heating
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Vista Del Monte Elementary School | public | K-5 | 1.06 mi | |
| Raymond Cree Middle School | public | 6-8 | 1.72 mi | |
| Katherine Finchy Elementary School | public | K-5 | 2.11 mi | |
| Palm Springs High School | public | 9-12 | 3.71 mi | |
| Desert Learning Academy | public | K-12 | 3.80 mi | |
| Rio Vista Elementary School | public | K-5 | 4.03 mi | |
| Cahuilla Elementary School | public | K-5 | 4.07 mi | |
| Virtual Pre | public | KG | 4.23 mi | N/A |
| Agua Caliente Elementary School | public | K-5 | 4.49 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
343 W Tramview Rd is a Residential Income in Palm Springs, CA 92262. This – square foot property sits on a 7,405 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $930,000 and was built in 1965. This address can also be written as 343 W Tramview Rd, Palm Springs, CA 92262.
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This listing information is up-to-date as of March 24, 2025. For the most current information, please contact Tony Burton
