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343 W Tramview Road

Palm Springs, CA 92262

– beds
– baths
– sqft
7,405 sqft lot
1965 build
– on site

This fine 4Plex is located just off HIghway 111, and just five minutes from downtown Palm Springs! These are really nice units that have been fixed up inside and out. Seller is motivated to sell and therefore has given a major price reduction of $150,000!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached.

Listed By CRMLS_CA / Tony Burton / Burton Commercial, Inc. / 951-375-7433

Last checked: Checking… • Last updated Mar 15, 2025 •

MLS# SW25057294 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1965
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

3200.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

1
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Levels:

One
Entry Location:

1
Laundry:

Inside
Laundry:

1

Location

Directions:

Hwy 111 to Tramview
Latitude:

33.86649200
Longitude:

-116.54923400

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

RGA
Lot Features:

2-5 Units/Acre
Lot Size Area:

7405.0000
Lot Size Acres:

0.1700
Lot Size SqFt:

7405.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

446.05
Tax Tract:

288
Tax Lot:

288

The Listing

Special Listing Conditions:

Standard
Parcel Number:

669401003

Heating & Cooling

Heating:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

Tranview
Features:

Gutters
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/15/25 Mar 15, 2025	Listed / Active	CRMLS_CA	$930,000
11/25/24 Nov 25, 2024	Listed / Active	CRMLS_CA

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This multifamily located in College Park, Palm Springs, CA 92262 is currently for sale for $930,000. 343 W Tramview Road is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 343 W Tramview Road is in the College Park neighborhood of Palm Springs and has a WalkScore® of 6, making it car-dependent. This multifamily is in the attendance area of Raymond Cree Middle School, Cahuilla Elementary School, and Palm Springs High School.

Listing Courtesy of: CRMLS_CA and Burton Commercial, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 08:48 on Mar 15.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.