Sold
Last Sold Price
12 beds4,884 sqft

832 Riverside Pl, Palm Springs, CA 92264

Multi FamilyProperty Type
0.39 acresLot Size
1952Year Built
$287/sq ftPrice per sq ft
11 carsParking Spaces

Description

Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please...Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please do not disturb tenants. Strong cash flow potential. For showings contact listing agents.
  • Listed by: Scott Timberlake DRE #01257645 • Realty Trust
  • Listed by: Sandra Quinn DRE #01391280 • Berkshire Hathaway HomeServices California Properties
Listing closed: 12/23/2022 12:00 AM • Source: GPSMLS, MLS#: 219086115
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Recent comparable sales

Median sold price

$1,425,000

Avg days on market

52

Sale-to-list ratio

90.8%

Palm Springs, CA

9 comparable properties found

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Location

Listing Courtesy of Realty Trust, Scott Timberlake, DRE #01257645; Berkshire Hathaway HomeServices California Properties, Sandra Quinn, DRE #01391280

Sold By HomeSmart, Laurie Ridgeway, DRE #01394645

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$9,108 per month

30 year fixed, 7.03% Interest

Principal and Interest

$7,474

Property Taxes

$1,634

HOA Dues

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Property Information for 832 Riverside Place

Property Details

  • MLS Type: Residential Income
  • Architectural Style: Mid Century
  • Subdivision Name: Tahquitz River Estat
  • Carport Spaces: .00
  • Garage Spaces: .00
  • View: Yes
  • Cross Street: N Riverside Drive & Riverside Place

Building Information

  • Stories: 1
  • Residences: 10
  • Year Built: 1952
  • Lot Size: 0.39 AC / 16,988 SF

Summary

Location and General Information
  • Accessibility Features: No Interior Steps
  • Community Features: Community Mailbox
  • City: Palm Springs
  • Country: US
  • Directions: Heading South on S Palm Canyon Drive, turn left on E Sunny Dunes Road. Immediate right onto N Riverside Drive. Turn left on Riverside place, complex will be on the right.
  • School District: Palm Springs Unified
  • Levels: One
  • Area: 334 - Palm Springs South End
  • MLSArea Minor: Tahquitz River Estates
  • Postal Code Plus4: 8167
  • Road Surface Type: Paved
  • Senior Community: No
  • Unparsed Address: 832 Riverside Place, Palm Springs, CA 92264
  • Walk Score: 0
Parking
  • Parking Features: Side By Side, Unassigned, Total Uncovered/Assigned Spaces
Taxes and HOA Information
  • Association Fee: $.00
Virtual Tour
  • Videos Count: 0

Property

Lot Information
  • Lot Features: Landscaped, Level, Private, Cul-De-Sac
  • Lot Size Area: 16,988.00
  • Lot Size Source: Assessor
  • Parcel Number: 508181011
  • Property Type: Residential Income
Property and Assessments
  • Documents Count: 1
  • Entry Location: Ground Level - No Steps
  • New Construction: No
  • Property Condition: Fixer
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Electric: In Laundry
  • Sewer: In Connected and Paid
  • Utilities: Cable TV
  • Water Source: Water District

Interior and Exterior Features

Exterior Features
  • Construction Materials: Siding, Stucco, Stone
  • Fencing: Fenced
  • Foundation Details: Slab
  • Pool Features: Fenced, In Ground, Private, Safety Fence, Tile
  • Pool Private: Yes
  • Pool: Yes
  • Roof: Foam, Flat
  • Security Features: Gated Community
  • Spa: No
  • Stories Total: 1
Interior Features
  • Appliances: Gas Range, Vented Exhaust Fan, Refrigerator, Water Heater
  • Bathrooms Full: 11
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Total Bathrooms: 11
  • Fireplace Features: Stone, Living Room
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Flooring: Carpet, Tile
  • Heating: Natural Gas, Central, Forced Air
  • Heating: Yes
  • Interior Features: All Bedrooms Down, Main Floor Bedroom, Quartz Counters
  • Laundry Features: Individual Room, Outside
  • Living Area: 4,884.00
  • View: Yes
  • Window Features: Blinds, Screens, Shutters

Multi Family

Multi-Family Information
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Special Listing Conditions: Standard

Rental

Rental Information
  • Tenant Pays: Electricity

Property History for 832 Riverside Place

DateEvent & SourcePriceAppreciation
Dec 23, 2022

Sold

GPSMLS #219086115

$1,400,000—
Dec 23, 2022

Sold

CRMLS #219086115PS

$1,400,000—
Dec 5, 2022

Sold (Public Record)

Public Record #1503110493

$1,400,000

+3.1% / yr

DateEvent & SourcePrice
12/23/2022

Sold

GPSMLS #219086115

$1,400,000
12/23/2022

Sold

CRMLS #219086115PS

$1,400,000
12/05/2022

Sold (Public Record)

Public Record #1503110493

$1,400,000

+3.1% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

832 Riverside Place

Total Finished SqFt

4,876 SqFt

Above Grade Finished SqFt

4,876 SqFt

Stories

1

Lot Size

16,988 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1952

Schools near 832 Riverside Place

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cahuilla Elementary School
PublicK to 5

Raymond Cree Middle School
Public6 to 8

Palm Springs High School
Public9 to 12

Mt. San Jacinto High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 832 Riverside Place, Palm Springs, CA 92264
$1,400,000
12
4,884
16,988
$1,700,000
–
–
11,824
36,890
–
3
1.75
2,035
20,909
$1,300,000
–
11
–
19,780
–
–
–
5,877
14,810
$1,850,000
–
–
15,104
24,829

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Trust, Scott Timberlake, DRE #01257645; Berkshire Hathaway HomeServices California Properties, Sandra Quinn, DRE #01391280

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.