Cathedral City, CA 92234 27700 Avenida Terrazo
$1,800,000
15 more
Presented By: Kurt Penn with Grossman Real Estate;
Year Built • 1983
Home Details
Exceptional opportunity to acquire a 7 unit well maintained, multi-unit, rental property in a lovely residential neighborhood of single-family homes. Consisting of six 1 bedroom, 1 bath units and one 2 bedroom, 2 bath unit, all units have separate gas and electric meters enabling tenant paid utilities. There is also a common laundry room for the use of the tenants, which also generates additional income for the owner. This unique property, just off of Vista Chino is located close to all of the neighborhood amenities including shopping, entertainment and easy access to the freeway. A property of this type is a rarity in today's real estate market.
Presented By: Kurt Penn with Grossman Real Estate;
Interior Features for 27700 Avenida Terrazo
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Total Stories1
Other Rooms
Entry Level1
General for 27700 Avenida Terrazo
Additional Parcels Y/NNo
AppliancesGasRange, GasWaterHeater, Refrigerator
Architectural StyleMediterranean
Association NameUtopia Management
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityCathedral City
CoolingWallWindowUnits
CountyRiverside
DirectionsVista Chino to Avenida Terrazo, north on Avenida Terrazzo to property on the right.
DisclosuresPrincipalIsRealEstateLicensed
Electric Expense100.0
Electric On Property Y/NNo
ExclusionsPersonal property owned by tenants.
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingForcedAir
Home Warranty Y/NNo
Insurance Expense4825.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet18731.0
Lot Size UnitsSquareFeet
MLS Area335 - Cathedral City North
MobileHomeRemainsYNNo
Net Operating Income83460.0
New ConstructionNo
Number Of Units Total7
Number of Units Leased7
Open Parking Spaces0.0
Operating Expense14588.0
PossessionCloseOfEscrow
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
RoofTile
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount21954.0
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent106089.0
Water Sewer Expense791.0
Waterfront Y/NNo
Year Built1983
Year Built SourceAssessor
Exterior for 27700 Avenida Terrazo
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsAll F, F & E in the units and laundry room owned by the seller.
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, RectangularLot
Lot Size Acres0.43
Lot Size Area18731.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesOther, SharedDriveway, OnStreet
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,800,000
MLS#219113170DA
List Date
06/19/2024
Property Type
Multi-Family
Phone
(562) 537-4182
