330 West Mariscal Road

Palm Springs, CA 92262

$999,000
Price
1
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic location coupled with a wonderful opportunity to add value and turn around this 6-unit apartment building and increase cash flow and equity. The building has consistent rental income and is located west of Palm Canyon Drive and close to downtown. The property has excellent potential for redevelopment. Buyers to confirm with the city regarding zoning and development potential. All information is not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk...Fantastic location coupled with a wonderful opportunity to add value and turn around this 6-unit apartment building and increase cash flow and equity. The building has consistent rental income and is located west of Palm Canyon Drive and close to downtown. The property has excellent potential for redevelopment. Buyers to confirm with the city regarding zoning and development potential. All information is not guaranteed. Buyers to perform due diligence. Drive by only - Do not disturb tenants or walk the property without permission.

Listing Agent

  1. Keith Markovitz

    Keith Markovitz

    Listing Agent

    Compass

    DRE #01327863

Property Details for 330 West Mariscal Road

Zoning
RGA
Style
Mid-Century
Parcel Number
504300007
Total Units
6.0
Living Area
0
Source Living Area
Assessor
Area
Palm Springs Central (332)
Vacancy Rate
0
LISTING UPDATED: 06/18/2024 02:45 PM

Property Details for 330 West Mariscal Road

StatusActive
MLS #23-317851
Days on Market291
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.46 AC / 20,038 SF
CountyRiverside County

Building Information for 330 West Mariscal Road

Stories1Residences-Year Built1947Building Size-Lot Size0.46 AC / 20,038 SF

Property Information for 330 West Mariscal Road

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
  • Management Company Name: Utopia Management
  • Management Company Phone: 7603249999|1341
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $62,484
  • Net Operating Income: $36,757.00
  • Gross Income: $62,484
  • Gross Rent Multiplier: $20.72
  • Total Annual Expense: 25726
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.46
  • Lot Size Square Feet: 20038
Parking Details
Parking Details
  • Parking Garage: Side By Side, Other, Unassigned, Uncovered
  • Total Parking: 6
  • Parking Features: Side by Side, Unassigned, Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
  • Common Walls: Attached
  • Laundry: Community, Outside
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-05-2023
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $824.00
  • Unit Actual Rent: $4,123.00
  • Unit Projected Rent: $824.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,570.00
  • Unit Actual Rent: $1,570.00
  • Unit Projected Rent: $1,570.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $587,823.00
  • Assessed Improvement Percent: 71.07
  • Assessed Land Value: $239,293.00
  • Assessed Land Percent: 28.93
  • Assessed Total Value: $827,116.00

Property History for 330 West Mariscal Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 330 West Mariscal Road

Taxable ValueLand$239,293Additions$587,823Total$827,116
Tax Record2023$12,214 ($1,018 / month)
Home Facts
Total Finished SqFt912 SqFtAbove Grade Finished SqFt912 SqFtStories1Lot Size20,037 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningRGACountyRIVERSIDEAPN504-300-007

Schools near 330 West Mariscal Road

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 - K to 12
Rating
School
Distance
Katherine Finchy Elementary School
PublicK to 5

Raymond Cree Middle School
Public6 to 8

Palm Springs High School
Public9 to 12

Desert Learning Academy
PublicK 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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330 West Mariscal Road is a multi-family home for sale in Palm Springs, CA 92262. This property was listed for sale on October 5, 2023 by Compass, it's currently listed at $999,000. It has been on the market for a total of 291 days and was last sold on January 15, 2021. This listing's school district is Palm Springs Unified School District. Nearby schools include Katherine Finchy Elementary School, Raymond Cree Middle School and Palm Springs High School. 330 West Mariscal Road is a 1-bed, 6-bath, multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Keith Markovitz, DRE #01327863

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.