285 Saturmino DrPalm Springs, CA 92262

Property Details for 285 Saturmino Dr

Year built

1977

Construction

WOOD

Lot size

0.33 AC

Property size (Sq ft)

1,096 SF

Zone code

R2

Property type

Apartment buildings

APN

502-163-013

APU

502163013

Description

This exceptional 6-unit apartment building presents a lucrative investment opportunity in the heart of Palm Springs, California. Built in 1975, the property boasts a total of 5,100 square feet and comprises six generously sized 2-bedroom, 2-bathroom units. The complex is meticulously maintained and features desirable amenities including a gated entrance, a refreshing courtyard with an inviting walkway and a swimming pool. Residents enjoy the convenience of a shared laundry room and ample off-street parking with 9 spaces available. Situated on a corner lot in the desirable Central Palm Springs neighborhood, this property offers unparalleled convenience. Its prime location places it within easy walking distance of Palm Springs High School, various grocery stores, and public transportation routes, ensuring high occupancy rates and strong rental demand. This turnkey investment is ready for immediate income generation and presents a rare chance to acquire a well-maintained, high-performing multifamily property in a thriving California market. The property address is 285 S Saturmino Dr, Palm Springs, CA 92262. The asking price is $1,650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $373,519

  6.5%

  $344,787

  7%

  $320,159

• Comparable approach

  Method

  Valuation

  Relative Method

  $298,008

  Geo Method

  $597,927

• Alternative Use

  Use

  Valuation

  Residential

  $344,787

  Hospitality

  $315,823

  Educational

  $262,761

  Medical

  $271,798

  Retail

  $408,739

Location Insight

City

Palm Springs

County

Riverside

State

California

Latitude

33.8198

Longitude

-116.526

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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