$989,000
SOLD OCT 18, 2023

482 W Pico Rd Palm Springs, CA 92262

Racquet Club West Neighborhood
6 Beds
5 Baths
3,476 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$285 Per Sq Ft

23 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Enclosed Patio or Porch
  • Palm Springs High School Rated A-
  • Granite Countertops
  • Laundry Room

About This Home

As of October 2023

This five-unit residence offers instant income to the new owner. Just the right blend of old and new with plenty of character featuring Vaulted beamed ceilings, concrete or tile floors, lots of storage cabinets, and built-ins.In the Five units, you will find a total of FOUR: 1 Bd /1 Ba units AND ONE: 2 bd /1 ba unit. Each one has its own private walled patio, evaporative cooler, AC, In Wall heater and a full kitchen with all appliances (which are included in the sale). The two-bedroom unit has a fireplace in the living room. This Superior, quiet residential location is in the Racquet Club West neighborhood just five minutes from Palm Springs downtown. The property has been well maintained and continuously updated and improved you'll find nothing to do but start generating revenue. Fully rented, with tenants that wish to stay, you'll only need to decide what you want to do with the two-bedroom unit. Rent it out or use it yourself? Separately metered units for gas and electricity are all in good condition. This totally walled property has ample off-street parking, a laundry room, a generous in-ground pool & a pleasant common area, with low maintenance/ low water landscaping, and stunning views. Rental Income property is in demand, call today.

Last Agent to Sell the Property

Michael Layton

RE/MAX Desert Properties License #01342880 Listed on: 07/17/2023

Co-Listed By

Marcia Francois

RE/MAX Desert Properties License #01402100

Last Buyer's Agent

Ryan Cummings

Sotheby's International Realty License #01415106

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,753

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100x108x103x100
  • Southwest Facing Home
  • Fenced
  • Paved or Partially Paved Lot
  • Drip System Landscaping

Property Views

  • Mountain
  • Desert
  • Pool

Home Design

  • Slab Foundation
  • Foam Roof

Interior Spaces

  • 3,476 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace
  • Dining Area
  • Closed Circuit Camera

Kitchen

  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Dishwasher
  • Granite Countertops
  • Ceramic Countertops

Flooring

  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 8 Car Parking Spaces
  • 8 Parking Garage Spaces
  • Unassigned Parking

Pool

  • In Ground Pool
  • Gunite Pool
  • Outdoor Pool
  • Fence Around Pool

Utilities

  • Central Air
  • Evaporated cooling system
  • Cooling System Powered By Gas
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Overhead Utilities
  • Property is located within a water district
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Enclosed Patio or Porch
  • Ground Level

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, pool service, trash collection
  • Assessor Parcel Number 504083015

Community Details

Overview

  • 5 Units
  • Racquet Club West Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $25,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,753

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: Yes
  • Property Orientation Faces: Front Door Faces South, Front Door Faces West
  • Levels: One
  • Price Per Unit: 197800.00
  • Building Number Of Stories: 1
  • Building Style: Ranch
  • Disability Access: No Interior Steps
  • Entry Floor: 1
  • Entry Location: Ground Level - No Steps
  • Included In Sale: Appliances/AC Units/Evaporative Coolers
  • List Price per Sq Ft: 284.52
  • Lp Sp Ratio: 1.0000
  • View Type: Desert, Mountain(s), Pool
  • Water District Name: Desert Water Agency
  • Year Built: 1960
  • Co Listing Office Address: 1775 E. Palm Canyon Dr. #610, Palm Springs, CA 92264
  • Co Listing Office Fax: (760) 841-0917
  • Co Selling Member Address: 9665 Wilshire Blvd Ste 100, Beverly Hills, CA 90212
  • Co Selling Office Address: 9665 Wilshire Blvd Ste 400, Beverly Hills, CA 90212
  • Co Selling Office Fax: (310) 724-7010
  • Internal Listing I D: 20230717134044092572000000
  • Listing I D: 219097531
  • Listing Office Address: 1775 E. Palm Canyon Dr. #610, Palm Springs, CA 92264
  • Listing Office Fax: (760) 841-0917
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 9665 Wilshire Blvd Ste 100, Beverly Hills, CA 90212
  • Selling Office Address: 9665 Wilshire Blvd Ste 400, Beverly Hills, CA 90212
  • Selling Office Fax: (310) 724-7010
  • Street Direction: W
  • Land Type: Fee
  • Subdivision: Racquet Club West
  • Unit Information Number Of Units Leased: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Gas Cooktop, Washer, Refrigerator, Exhaust Fan, Dryer
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Fireplace Features: Gas
  • Flooring: Ceramic Tile, Concrete
  • Bedroom Features: All Bedrooms Down
  • Total Bedrooms: 6
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Kitchen Features: Ceramic Counters, Granite Counters
  • Laundry Equipment: Own
  • Laundry: Community, Individual Room
  • Estimated Sq Ft: 3476.00
  • Windows Treatments: Blinds

Exterior Features

  • Roofing: Foam
  • Foundation: Slab
  • Patio: Enclosed
  • Pool: Yes
  • Pool Accessories: Safety Fence
  • Pool Construction: Gunite, In Ground
  • Pool Description: Fenced, Gas Heated
  • Pool Location: Private
  • View: Yes
  • Numberof Patios: 5

Garage/Parking

  • Parking: Unassigned
  • Parking Info Total Parking Spaces: 8.00
  • Total Uncovered Assigned Spaces: 8.00

Utilities

  • TV Svcs: Cable TV
  • Number Electric Meters: 5
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Wall/Window Unit(s), Gas, Evaporative Cooling, Ceiling Fan(s)
  • Heating: Wall Furnace
  • Heating Fuel: Wall Gas
  • Security: Closed Circuit Camera(s)
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Water Heater Feature: Gas
  • Number Gas Meter: 5
  • Water Heater: Yes
  • Laundry Type: Yes

Lot Info

  • Assessor Parcel Number: 504083015
  • Irrigation: Drip System
  • Lot Description: Fenced, Street Paved, Utilities - Overhead
  • Lot Dimensions: 100x108x103x100
  • Lot Size: 10019.00

Rental Info

  • Owner Pays: Gardener, Pool Service, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Gas
  • Land Lease Type: Fee Simple

Multi Family

  • Total Fireplaces: 1
  • Number Of Dishwashers: 5
  • Number Of Refrigerators: 5
  • Total Units: 5

Tax Info

  • Annual Tax: 10753.00
  • Tax Year: 2022

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $989,000 0.0% $285 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $989,000 +122.2% $285 / Sq Ft
12/02/2014 12/02/14 Sold $445,000 -5.3% $128 / Sq Ft
09/05/2014 09/05/14 Pending -- -- --
03/24/2014 03/24/14 For Sale $470,000 +30.6% $135 / Sq Ft
11/14/2013 11/14/13 Sold $360,000 -14.3% $104 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
03/04/2013 03/04/13 For Sale $419,900 -- $121 / Sq Ft
Source: California Desert Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michael Layton

    RE/MAX

  • M

    Seller Co-Listing Agent in 2023

    Marcia Francois

    RE/MAX

  • Ryan Cummings

    Buyer's Agent in 2023

    Ryan Cummings

    Sotheby's International Realty

    (760) 409-0129

    1 in this area

    84 Total Sales

    Ryan Cummings
    Section Image
  • John Moore

    Buyer Co-Listing Agent in 2023

    John Moore

    Sotheby's International Realty

    (760) 774-9614

    1 in this area

    46 Total Sales

    John Moore
    Section Image

  • T

    Seller's Agent in 2014

    Tony Burton

    Burton Commercial, Inc.

    (951) 375-7433

    5 Total Sales

    Tony Burton
    Section Image
  • Mark Gutkowski

    Buyer's Agent in 2014

    Mark Gutkowski

    Bennion Deville Homes

    (760) 844-2229

    1 in this area

    133 Total Sales

    Mark Gutkowski
    Section Image
See All Agents

Map

Source: California Desert Association of REALTORS®

MLS Number: 219097531

California Desert Association of REALTORS®

APN: 504-083-015

California Riverside County Palm Springs 92262 Racquet Club West

482 W Pico Rd, Palm Springs, CA

This home is located at 482 W Pico Rd, Palm Springs, CA 92262 and is currently priced at $989,000, approximately $284 per square foot. This property was built in 1960. 482 W Pico Rd is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Desert Association of REALTORS® IDX information is provided exclusively for 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 not guaranteed.

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