1900 East Baristo Road, Palm Springs, CA 92262

$1,275,000
5,231
SqFt

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List Price
$1,275,000
Price Change
▼ $25,000 1775523343
Status
ACTIVE
MLS#
CV-26045872
Year Built
1970
Living Sq. Ft
5,231
Lot Size
11,761
Lot Location
21-25 Units/Acre
Days on Market
148
Property Type
Multifamily
Stories
2
Neighborhood
Sunrise Park

Property Description

Baristo Apartments is a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California. Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located within the desirable Sunrise Park submarket of Palm Springs. Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces, a community pool and a shared laundry room. Units 1 and 6 feature individual in-unit washer and dryer hookups. The property benefits from its proximity to Palm Springs High School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport. The surrounding area is characterized by established residential neighborhoods, strong year-round rental demand, and Palm Springs’ continued appeal as a resort destination and short-term rental market (subject to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal. 1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing asset within one of Southern California’s most established resort markets. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents.

Additional Information

Land Lease Type
Fee
Lot Description
21-25 Units/Acre
Pool
Yes
Fireplace Description
None
View
Mountain(s)
Parking
On Site

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Calculator source: Real Geeks

Listing courtesy of MARCUS & MILLICHAP.