$759,000 540 South Mountain View Drive Palm Springs, CA

MLS: 17226014PS   Type: Income   County: Riverside   City: Palm Springs   Area: Palm Springs South E   Neighborhood: Demuth Park   Zip: 92264  

Mortgage $3,563 /mo



Half Baths

Sqr Footage

Lot Size








Mid-Century 4 plex income property in South end Palm Springs. Pride-of-ownership and very well maintained. Consists of two 2br/1ba, one 2br/2ba, one 1br/1ba units. Could be reconverted to 5 units for another $1000 per month of income. All floors are stained cement, exterior windows have been replaced, retiled bathrooms, newer kitchens, all units share a courtyard as well as have a private outdoor space. Current rents are believed to be under market. All 4 units have their own electric and gas meters. There is a community laundry and off-street assigned parking for each unit plus 3 guest parking. Live in one unit and rent the rest. Drive by only DO NOT DISTURB TENANTS. Cap rate on projected rents is 6.50.

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Price History

5/4/2017 Listed $825,000
7/7/2017 4% - $799,000
4/12/2018 6% - $759,000

Furniture 0
Green Year Certified 0
Grn Certif Rating 0.00
MLS Area Palm Springs South E
Maintenance 0.00
Number of Units Leased 0.00
Property SubType Residential Income
Property Type Residential Income
Subdivision Demuth Park
Total Units 4
Zoning R2

Interior Features

# Of Rented Garages 0
1/4 Baths 0
3/4 Baths 0
Avg Sq Ft 1 Bedroom 0
Avg Sq Ft 2 Bedroom 0
Avg Sq Ft 3 Bedroom 0
Avg Sq Ft Studio 0
Cooling Air Conditioning
Dishwasher(s) 4.00
Disposal(s) 4.00
Electricity 0
Entrylevel 0
Full Baths 0
Gas 0
Half Baths 0
Heating Forced Air
Heating Fuel Electric
Laundry Features Community
Living Area 3356.00
Microwaves 0
Ranges 4.00
Refrigerators 4.00
Total Fireplaces 0

Exterior Features

# Of Patios 4
Carport Spaces 0
Garage Spaces 0
Land Lease Amount 0.00
Land Type Fee
Lot Size Acres 0.23
Lot Size Source (Assessor)
Lot Size Square Feet 10203.00
Lotsizeunits SqFt
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 4
Poolexpense 0
Private Pool Y/N No
Total Other Spaces 0
Total Parking 7

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Property vs Zip Code Avg (92264)

Price 759K Avg 2.25M

Sqr Feet 3,356 Avg 5,925

Cost / Sqr Ft $226 Avg $381

Acres 0.23 Avg 0.45

Visits 7 Avg 18

Days on Site 356 Avg 168

Walkscore® 48 Avg 54

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Listing Provided Courtesy Of: Bennion Deville Homes

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Location & Address

HK Lane Real Estate/Christie's International
74199 El Paseo #101A
Palm Desert, CA