Detailed Introduction Of This Home
Apartment consist of Eleven (11) Units currently of 5,350 square feet. The Apartments are composed of five (5) Studios, Five (5) One bedroom One-bathroom Units and One (1) 2-bedroom One bath Units. The property is located on 0.45 acres built in 1960. The buildings currently operate at 90% occupancy. Desert Hot Springs is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix. Pro Forma CAP Rate of 6.25%. Added Solar Panels, totaling $175,000, Drastically reducing Utility Bills. All Units Have Been Renovated. Over $225K in recent capital improvements.