13704 Avenida Hermosa
Desert Hot Springs, CA 92240

$1,250,000

Description

Marcus & Millichap is pleased to present the sale of 13704 Avenida Hermosa. This investment consists of 13 single story, duplex style apartments with a single-family residence feel located in the strong rental market of Desert Hot Springs, California within the greater Inland Empire area. Built in 1970, this property features 69% one bedroom-one bath units totaling 8,383 square feet, built on a 4.70 acre lot, zoned as RL, at 5 units per acre. This investment opportunity is located within 60 minutes of 100 local golf courses, within 20 minutes of numerous hot spring facilities, and a short drive to Interstate 10 and local shopping centers, providing tenants with convenient access to a wide variety of restaurants and entertainment. This location additionally offers high visibility in an area known for its strong tenancy, stable rent growth and a historically high occupancy rate.

Details

MLS#CV19054392
Sub-TypeResale
StatusActive
Year1970
Days On Site9

Features

SQ Feet8,383
Units13
Building(s)1

Market Activity 92240

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Area Information

StateCA
CountyRiverside
CityDesert Hot Springs
Zip Code92240
Area340 - Desert Hot Springs
Listing VS Median (in 92240)
Price:
$1,250,000
low | high
Med:
$187,950
100% of Average
SqFt:
8,383
low | high
Med:
722
100% of Average
$ / SqFt:
$149
low | high
Med:
$65
100% of Average
On Site:
9
low | high
Med:
34
26.470588235294% of Average
Listing Updated: 03/20/2019
MLS Number: CV19054392
Listing Provided By:
JOHN STEPHENS  of  MARCUS MILLICHAP
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.