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42662 Clifford Street

Palm Desert, CA 92260
  • $1,625,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 219091012
UPDATED: 17 min ago
$1,625,000
  • 8
    BEDS
  • 0.34
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 4,012
    SQFT
  • $405
    $/SQFT
Neighborhood:
Not Applicable
Type:
Multi-Family
Built:
1980
County:
Riverside
Area:
322 - Palm Desert North

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Description

Nicely renovated and upgraded Fourplex property located in Palm Desert is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is being sold vacant. Projected rents were determined from multiple sources with a projected CAP rate of 5.21%. Expense data shown was from the previous owners. The original plan was to immediately rent all units, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, possibly including keeping one unit or more for personal or family use or simply having control over who you wish to rent for and for what terms. The property is centrally located, close to shopping, dining, good schools and freeway. Please Note: This 4-Plex Listing includes 42662 and 42690 Clifford St and includes APN 624242008 and APN 624242009 for a total of two adjacent duplex buildings and 4 units with a shared courtyard. All units are 2bd/2ba units with 1003 sq ft each with private backyard spaces. Each unit has an attached 2-car garage with exterior entry to each garage with alley access. All units include central heating and air conditioning, an inside private washer/dryer and a fireplace. These are low maintenance properties with new desert landscaping, stucco exterior and new steel fencing providing privacy from the alley. Tenants pay utilities and all units are separately metered for electricity and gas. See more comments...

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©2023 California Desert Association of Realtors. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or KUD Properties. Based on information from the California Desert Association of Realtors as of 2023-03-20T07:36:17.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.kudprop.com/homes/137065271
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42662 Clifford Street Palm Desert, CA 92260

  • Price: $1,625,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 17 min ago
  • MLS #: 219091012
8
Beds
8
Baths
0
½ Baths
0.34
Acres
4,012
SQFT
$405
$/SQFT
1980
Built
Neighborhood:
Not Applicable
County:
Riverside
Area:
322 - Palm Desert North
Property Description
Nicely renovated and upgraded Fourplex property located in Palm Desert is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is being sold vacant. Projected rents were determined from multiple sources with a projected CAP rate of 5.21%. Expense data shown was from the previous owners. The original plan was to immediately rent all units, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, possibly including keeping one unit or more for personal or family use or simply having control over who you wish to rent for and for what terms. The property is centrally located, close to shopping, dining, good schools and freeway. Please Note: This 4-Plex Listing includes 42662 and 42690 Clifford St and includes APN 624242008 and APN 624242009 for a total of two adjacent duplex buildings and 4 units with a shared courtyard. All units are 2bd/2ba units with 1003 sq ft each with private backyard spaces. Each unit has an attached 2-car garage with exterior entry to each garage with alley access. All units include central heating and air conditioning, an inside private washer/dryer and a fireplace. These are low maintenance properties with new desert landscaping, stucco exterior and new steel fencing providing privacy from the alley. Tenants pay utilities and all units are separately metered for electricity and gas. See more comments...
Exterior Features

Gated Community No Levels Ground Parking Assigned Paved Yes Property Sub Type Quadruplex Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 8.00 Total Uncovered Assigned Spaces 0.00 View No

Interior Features

Cooling Type Air ConditioningCeiling Fan(S)Central AirElectric Fireplace Yes Fireplace Features MetalWood Fireplace Location Living Room Flooring Tile Heating Central Rooms Other Total Fireplaces 1

Property Features

Land Type Fee Simple Laundry Yes Laundry Equipment Own Listing Terms 1031 ExchangeCashConventional Lot Description 2 - 4 LotsCurbsLandscapedRectangular LotStreet PavedStreet Public Owner Pays GardenerTrash CollectionWater Pool No Property Attached Detached No Property Condition Updated/Remodeled Sale Type Standard Security Safety None Senior Community No Sewer InConnected And Paid Spa Hot Tub No Tax Mello Roos No Tax Rate Percent 1.20 Tenant Pays ElectricityGasWater Total Taxes Amount 19500.00 Water Heater Yes

Listing information © 2023 California Desert Association of Realtors.
Listing provided courtesy of Doug Fischer of Coldwell Banker Realty: (760) 776-9898.
©2023 California Desert Association of Realtors. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or KUD Properties. Based on information from the California Desert Association of Realtors as of 2023-03-20T07:36:17.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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KUD Properties
74124 Highway 111
Palm Desert CA, 92260