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28670 Landau Boulevard Cathedral City, CA 92234
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Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22172125
Bedrooms 6
Lot Size 8,276 Sqft
Property Description
Great Investor Opportunity: CAP RATE 5+ The Annual Income is $65,100 Total monthly rents $5425.00 GRM 12.3 / Low Operating Expenses Profitable NOI: Duplex 6 bedrooms 4 full bathrooms 2 single car garages & 2 carports, with 4 additional driveway parking spots. Renovated and updated July 2022, 100% occupied with new 12-month leases as of August 2022. The renovation includes: Flooring throughout, new paint, Stainless-Steel Appliances, ceiling fans in the living room and in all 6 Bedrooms, 4 full Bathrooms w Dual Shower heads, new vanities, LED lighting inside and out, Private Washer & Dryer included in your garage. Special Features: Enclosed 8.5' X 10' indoor/outdoor patio - works well as a den and includes a high-top table with 6 stools, ceiling fan, lighting, TV -Monitor for gaming and entertainment. Spacious 15X30 private backyard, maintenance-free turf, play area, new landscaping, umbrella-shaded patio furniture set, and a BBQ/ Grill. All Outdoor Furniture Conveys. The entire property has additional lighting enhancing the tall palm trees and property features while providing extra security. Great location, easy access to all major roads and highways throughout the Coachella Valley, and strong employment opportunities. The neighborhood includes beautiful parks, schools, shopping, entertainment centers, a nearby casino, and golf courses.
Great Investor Opportunity: CAP RATE 5+ The Annual Income is $65,100 Total monthly rents $5425.00 GRM 12.3 / Low Operating Expenses Profitable NOI: Duplex 6 bedrooms 4 full bathrooms 2 single car garages & 2 carports, with 4 additional driveway parking spots. Renovated and updated July 2022, 100% occupied with new 12-month leases as of August 2022. The renovation includes: Flooring throughout, new paint, Stainless-Steel Appliances, ceiling fans in the living room and in all 6 Bedrooms, 4 full Bathrooms w Dual Shower heads, new vanities, LED lighting inside and out, Private Washer & Dryer included in your garage. Special Features: Enclosed 8.5' X 10' indoor/outdoor patio - works well as a den and includes a high-top table with 6 stools, ceiling fan, lighting, TV -Monitor for gaming and entertainment. Spacious 15X30 private backyard, maintenance-free turf, play area, new landscaping, umbrella-shaded patio furniture set, and a BBQ/ Grill. All Outdoor Furniture Conveys. The entire property has additional lighting enhancing the tall palm trees and property features while providing extra security. Great location, easy access to all major roads and highways throughout the Coachella Valley, and strong employment opportunities. The neighborhood includes beautiful parks, schools, shopping, entertainment centers, a nearby casino, and golf courses.
Location
State CA
County Riverside
Area Riv Cty-Cathedral City (92234)
Zoning Assessor
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Stucco
Parking Features Unit1:Assigned
Building
Lot Description Curbs, Sidewalks
Story 1
Others
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $2,700
Listing Terms Cash, Conventional, Exchange, FHA, VA
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Bought with Yoko Shishido • Ocean Palisades Realty, Inc.