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1380 N Indian Canyon Drive, Palm Springs, CA 92262

$1,095,000
Multi Family MLS# EV17120241 ID: 45539616
$1,095,000 Get Rates

"La Casa" is located in central Palm Springs and was originally built as a hotel in 1946, then converted to 8 apartments. La Casa still holds R3 zoning and is surrounded by 5 boutique hotels. Conversion back to hotel is likely or continue as apartments. Attractive unit mix between (2) studios, (3) 1 bedrooms and (3) large 2 bedroom units. This property offers value upside, passive income with light management duties and great tax benefits for the new owner. Opportunity to additionally sub-meter the gas to lean out the expenses for a higher return. Existing Gross Scheduled Income is $93,744, with existing rents being ÿ± 10% under market value. This is Fee Simple land, no land lease.

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Location Information near 1380 N Indian Canyon Drive
Offered by Nathan Diones at REGIONCY REAL ESTATE

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Property Features for 1380 N Indian Canyon Drive
Status
Market Status
Under Contract
Last Updated
December 10, 2017
Description
Property Type
Multi Family
Year Built
1946
Stories
2.0
Sq. Feet
4,812

Building Features

  • Cooling System: Central Air Conditioning

Community Info

  • Home Owner Asso.: Community Pool
  • Pool

Exterior Features

  • Parking: Assigned Parking

Interior Features

  • Fireplace: Fireplace in Living Room

Location

  • MLS Area: 332 - Central Palm Springs
  • Nathan Diones
  • REGIONCY REAL ESTATE

Data Provided by:
California Regional Multiple Listing Service

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More information about this $1,095,000 Multi Family at 1380 N Indian Canyon Drive

This $1,095,000 Multi Family at 1380 N Indian Canyon Drive in Palm Springs, CA is presented by Nathan Diones. This $1,095,000 Multi Family, located in the 92262 zip code, has the following property features: Pool, MLS Area, Fireplace, Parking. This 1380 N Indian Canyon Drive Multi Family, located in Riverside County , is listed under MLS listing number EV17120241 and has a listing price of $1,095,000. You can find more PALM SPRINGS homes for sale here.