$1,150,000
Estimated Payment$5,431/mo
House For Sale
Under Contract

2685 Junipero Avenue, Palm Springs, CA 92262

5Baths
Multi-Family Home In Chino Canyon

Nicely renovated and upgraded Fourplex property located in the Little Tuscany neighborhood of Chino Canyon in Palm Springs is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is currently vacant, however it can be sold fully occupied with all tenants on one-year leases or otherwise, if negotiated. The property has been under Property Management and rents have been confirmed for the current market rate with a projected Cap rate of 5.37%, possibly higher. The original plan was to immediately rent all units, which are in high demand, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, including short term vacation rentals, 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. A List of Upgrades and Renovation Work, Floor Plans, Income, Operating Expenses and projected Rent Roll available upon request.

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2685 Junipero Avenue
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Location
2685 Junipero Avenue Palm Springs, CA 92262
Home Details

Interior Details

Utilities

  • Heating: Yes
  • Cooling: Yes

General

  • Fireplace : Yes
  • Total Fireplaces: 1

Rooms

  • Full Bathrooms: 5

    Property Details

    Construction Details

    • Architectural Style: Other Style

      Parking

      • Garage: Yes

        MLS Details

        General

        • Days on Homes.com: 37
        • MLS Number: 219069430
        • Listed: 10/25/2021
        • Last Updated: 11/25/2021
        • Offered By: Coldwell Banker Realty
        • Listing Source: Coldwell Banker
        Monthly Payment Calculator

        $5,431

        Estimated Mortgage
        Principal & Interest
        $3,879
        Insurance
        $403
        Taxes
        $1,150
        Mortgage Insurance
        $0
        i
        Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
        i
        If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
        Nearby Schools
        • Katherine Finchy Elementary School
          Class size: 25Distance: 1.51 mi
          B
        • Raymond Cree Middle School
          Class size: 23Distance: 1.24 mi
          C+
        • Palm Springs High School
          Class size: 25Distance: 3.15 mi
          B
        Points of Interest

        Airports

        Distance
        • Palm Springs International
          4.2 mi

        Parks and Recreation

        Distance
        • Palm Springs Aerial Tramway
          2.5 mi

        Shopping Centers

        Distance
        • NorthGate 111
          0.2 mi
        • Strip Center at 2231 N Palm Canyon Dr
          0.4 mi
        • The Courtyard
          0.6 mi
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        Listing Agent
        Douglas Fischer
        Coldwell Banker Realty
        Palm Springs, CA
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        $1,150,000

        5 Baths

        2685 Junipero Avenue

        Palm Springs, CA 92262

        Douglas Fischer
        Coldwell Banker Realty