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$ 1,850,000
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1733 E Amado Palm Springs, CA 92262
130 Beds
130 Baths
7,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $264
MLS Listing ID 260018893
Bedrooms 130
Full Baths 130
Property Sub-Type Com-Res Income
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
Community Bbq, Heated Pool
Direction Amado Rd
Interior
Fireplace No
Exterior
View Y/N No
Total Parking Spaces 16
Building
Story 1
Others
Senior Community No
Tax ID 502-063-007
Listed by Kyle Carruthers, DRE#01959946 KC West Real Estate
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