NOT LISTED FOR SALE

832 Riverside Place Palm Springs, CA 92264

Tahquitz River Estates Neighborhood
12 Beds
11 Baths
4,884 Sq Ft
0.39 Acres

Last Sold December 23, 2022

Last sale price $1,400,000 $287 Per Sq Ft

33 Days on Market

Highlights

  • In Ground Pool
  • All Bedrooms Downstairs
  • Midcentury Modern Architecture
  • Palm Springs High School Rated A-
  • Gated Community
  • Private Lot

About This Home

As of December 2022

Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please do not disturb tenants. Strong cash flow potential. For showings contact listing agents.

Last Agent to Sell the Property

Scott Timberlake

Luca Realty Trust, Inc. License #01257645 Listed on: 10/20/2022

Co-Listed By

Sandra Quinn

Berkshire Hathaway HomeServices California Properties License #01391280

Last Buyer's Agent

Laurie Ridgeway

HomeSmart License #01394645

HomeSmart

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.39 Acre Lot
  • Cul-De-Sac
  • Home has sun exposure from multiple directions
  • Fenced
  • Landscaped
  • Private Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinklers on Timer
  • Lawn

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape
  • Slab Foundation
  • Foam Roof
  • Siding
  • Stucco Exterior
  • Stone Exterior Construction

Interior Spaces

  • 4,884 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Stone Fireplace
  • Shutters
  • Blinds
  • Window Screens
  • Living Room with Fireplace
  • 2 Fireplaces
  • Pool Views

Kitchen

  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Quartz Countertops
  • Tile Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Bedrooms Down
  • Studio bedroom
  • 11 Full Bathrooms
  • Shower Only in Secondary Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer
  • 220 Volts In Laundry

Parking

  • 11 Car Parking Spaces
  • 11 Parking Garage Spaces
  • Side by Side Parking
  • Unassigned Parking

Pool

  • In Ground Pool
  • Outdoor Pool
  • Fence Around Pool
  • Pool Tile

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Overhead Utilities
  • Property is located within a water district
  • Water Heater
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Ground Level

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, water, trash collection, pool service, gas, gardener
  • Assessor Parcel Number 508181011

Community Details

Overview

  • 10 Units
  • Tahquitz River Estates Subdivision

Building Details

  • 10 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter

Additional Features

  • Community Mailbox
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Property Orientation Faces: Front Door Faces East, Leisure Faces East, Leisure Faces West, Leisure Faces North, Front Door Faces West, Front Door Faces South
  • Levels: One, Ground
  • Building Number Of Stories: 2
  • Building Style: Mid Century
  • Disability Access: No Interior Steps
  • Entry Floor: 1
  • Entry Location: Ground Level - No Steps
  • List Price per Sq Ft: 337.84
  • Lp Sp Ratio: 0.8500
  • View Type: Pool
  • Water District Name: Desert Water Agency
  • Year Built: 1952
  • Co Listing Office Address: 2905 E Tahquitz Canyon Way, Palm Springs, CA 92262
  • Co Listing Office Fax: (760) 322-5083
  • Internal Listing I D: 20221019213058346555000000
  • Listing I D: 219086115
  • Listing Office Address: 600 E. Tahquitz Canyon Way, #2, Palm Springs, CA 92262
  • Listing Office Fax: (760) 406-6072
  • List Office Board Code: Palm Springs Association of Realtors
  • Selling Member Address: 431 S. Palm Canyon Drive, Suite 100 Floor 1, Palm Springs, CA 92262
  • Selling Office Address: 431 S. Palm Canyon Drive, Suite 100 Floor 1, Palm Springs, CA 92262
  • Selling Office Fax: (760) 844-7550
  • Land Type: Fee
  • New Construction: No
  • Subdivision: Tahquitz River Estates
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Gas Range, Exhaust Fan, Washer, Refrigerator
  • Fireplace: Yes
  • Fireplace Location: Living Room
  • Range Hood: Yes
  • Number of Ranges: 10
  • Fireplace Features: Stone
  • Flooring: Carpet, Tile
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Total Bedrooms: 12
  • Bathroom Features: Shower Stall
  • Total Bathrooms: 11.00
  • Full Bathrooms: 11
  • Kitchen Features: Formica Counters, Quartz Counters, Tile Counters
  • Laundry Equipment: Own
  • Laundry: Individual Room, Outside
  • Estimated Sq Ft: 4884.00
  • Windows Treatments: Blinds, Screens, Shutters

Exterior Features

  • Construction: Stucco, Siding, Stone
  • Other Features: Slab
  • Roofing: Foam, Flat
  • Foundation: Slab
  • Pool: Yes
  • Pool Accessories: Safety Fence
  • Pool Construction: In Ground, Tile
  • Pool Description: Fenced, In Ground
  • Pool Location: Private
  • View: Yes

Garage/Parking

  • Parking: Side By Side, Unassigned
  • Parking Info Total Parking Spaces: 11.00
  • Total Uncovered Assigned Spaces: 11.00

Utilities

  • TV Svcs: Cable TV
  • Volt 220: In Laundry
  • Number Electric Meters: 10
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Central, Forced Air
  • Heating Fuel: Natural Gas
  • Security: Gated Community
  • Sewer: In, Connected and Paid
  • Water: Water District
  • Number Gas Meter: 6
  • Water Heater: Yes
  • Laundry Type: Yes

Association/Amenities

  • Community Features: Community Mailbox
  • Gated Community: Yes

Lot Info

  • Assessor Parcel Number: 508181011
  • Irrigation: Sprinkler System, Sprinkler Timer
  • Lot Description: Fenced, Utilities - Overhead, Private, Street Public, Street Paved, Level, Landscaped, Lawn
  • Lot Location: Cul-De-Sac
  • Lot Size: 16988.00

Rental Info

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

Tax Info

  • Mello Roos: Unknown

Multi Family

  • Total Fireplaces: 2
  • Number Of Refrigerators: 10
  • Total Units: 10

MLS Schools

  • School District: Palm Springs Unified

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
12/23/2022 12/23/22 Sold $1,400,000 -15.2% $287 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/07/2022 11/07/22 Price Changed $1,650,000 -5.7% $338 / Sq Ft
10/20/2022 10/20/22 For Sale $1,750,000 -- $358 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Scott Timberlake

    Luca Realty Trust, Inc.

    (503) 473-8220

    4 in this area

    63 Total Sales

    Scott Timberlake
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Sandra Quinn

    Berkshire Hathaway HomeServices California Properties

  • Laurie Ridgeway

    Buyer's Agent in 2022

    Laurie Ridgeway

    HomeSmart

    (760) 272-6142

    1 in this area

    36 Total Sales

    Laurie Ridgeway
    Section Image
See All Agents

Map

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219086115

Greater Palm Springs Multiple Listing Service

APN: 508-181-011

California Riverside County Palm Springs 92264 Tahquitz River Estates

832 Riverside Place, Palm Springs, CA

This home is located at 832 Riverside Place, Palm Springs, CA 92264 since 20 October 2022. This property was built in 1952. 832 Riverside Place is a home located in Riverside County with nearby schools including Cahuilla 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.

Greater Palm Springs Multiple Listing Service 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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