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42720 Clifford ST Palm Desert, CA 92260
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Key Details
Sold Price $1,075,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219069243DA
Sold Date 12/06/21
HOA Y/N No
Year Built 1981
Lot Size 0.340 Acres
Property Description
Welcome to a great income property in the heart of Palm Desert. Centrally located close to shopping, dining and freeway. Property is within Desert Sands Unifed School District. These two low maintenance duplexes are easy to rent and have strong historical occupancy. No pool and no lawn to maintain. Each unit has 2 bedrooms and 2 baths (both are master suites). Currently below market rents. Huge upside and rental growth potential. Tenants are on a month-to-month tenancy. Laundry hook-ups. Permitted 2-car garage for each unit; Total of 4-car parking. Each unit has its own private backyard. Tenants pay utilities. Separately metered for electricity and gas. Central A/C and Heating. Potential for ADU. Buyer to cooperate with seller's 1031 exchange. Also included in sale is 42740 Clifford Street, APN: 624-242-011. **Market rent potentially $1500-$1700 per month per unit.**
Location
State CA
County Riverside
Area 324 - East Palm Desert
Zoning R-2
Interior
Cooling Gas
Flooring Laminate, Tile
Fireplaces Type Living Room, See Remarks
Fireplace Yes
Appliance Water Heater
Exterior
Garage Assigned, Other
Carport Spaces 4
View Y/N Yes
View Mountain(s)
Parking Type Assigned, Other
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 1
Entry Level One
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 624242010
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, 1031 Exchange, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Loan Ly • Desert Sotheby's International Realty
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