2980 E Ranchero Drive
Palm Springs, CA 92262
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1972 build
- – on site
More homes
Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. It totals 17 bedrooms and 10 bathrooms with about 9,000 sf+/-. It is comprised of (2) 3BR/2BTH units, (5) 2 BR/1BTH units and a (1) 1BR/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals or converting it to a sober living home, senior living community or a possible condo conversion. Zoned R-2. Projected rents estimated at $15K+ per month. NOTE: Unit #1-3BR/2BTH is owner occupied and not on rent roles. CAP rate of 6% estimated. Units have modern, high end kitchens/bathrooms, tile flooring throughout, high ceilings, dual pane windows, washer/dryer in every unit and individual gas/electric meters. Complex close to public transportation and shopping. This is a superior complex ready for your investment direction. MLS pictures from 20
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Last updated Nov 9, 2024
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MLS# 20661096 —
The Building
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Year Built:1972
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Architectural Style:Mid Century Modern
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Number With Patio:8
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Building Area Total:9000.00
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# of Buildings:1
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Total Number Of Units:8
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Stories Total:1
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# of Separate Gas Meters:8
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# of Separate Water Meters:1
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# of Separate Electric Meters:8
Interior
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Flooring:Carpet
Location
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Directions:E Ramon Road to Compadre. Go north on Compadre to Ranchero. Turn right. Complex at end of cul-de-sac on your left.
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Latitude:33.81726600
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Longitude:-116.51328900
The Property
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Property Condition:Updated/Remodeled
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Zoning:R2
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Lot Features:Landscaped
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Lot Size Area:21371.0000
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Lot Size Acres:0.4900
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Lot Size SqFt:21371.00
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View:1
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View:Mountain(s)
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Security Features:Gated Community
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:502252006
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Sewer Paid
Appliances
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Appliances:Dishwasher, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Pool:In Ground
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Private Pool:No
Parking
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Parking:Yes
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Parking:Assigned, Driveway
Extra Units
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Number With Dishwasher:8
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Number With Refrigerator:9
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/1/21
Mar 1, 2021
|
Sold | CRMLS_CA | $2,425,000 | -4.9% |
|
2/23/21
Feb 23, 2021
|
Pending | CRMLS_CA | $2,550,000 | |
|
12/17/20
Dec 17, 2020
|
Sold Subject To Contingencies | CRMLS_CA | $2,550,000 |
