12155 Ocotillo Road, Desert Hot Springs, CA 92240
- $699,000
- 4
- BD
- 6
- BA
- 2,650
- SqFt
- List Price
- $699,000
- Status
- ACTIVE
- MLS#
- 219091472
- Year Built
- 1986
- Bedrooms
- 4
- Bathrooms
- 6
- Living Sq. Ft
- 2,650
- Lot Size
- 13,504
- Days on Market
- 31
- Property Type
- Single Family Residential
- Style
- Hacienda
- Neighborhood
- Not Applicable
Property Description
OWNER OCCUPANT OPPORTUNITY! LIVE AT A GREAT LOCATION WITH NO MONTHLY COST ONCE OWNING. SUBMIT 30 TO 50% DOWN PAYMENT AND NAME YOUR TERMS!! This is a unique opportunity to own an established 'rental' property in a prime location. The seller pays all Gas, Electric and water for the entire property. All projections of expenses shows Electric is projected to be $300 per month which is the probable monthly cost for Solar panels via SunRun. The buyer must submit a request to the Solar company to activate it. Buy with the intent to owner occupy, buy as an investment with rental income projected to offer a solid 5% CAP or even develop it into a Airbnb marketing. This a Legal Non-Conforming structure on a R-1 zone. In the event the buyer chooses to buy without seller financing the seller may require the buyer's cooperation in a 1031 exchange at no cost or delay. The owner's unit is 2 bedrooms, 3 baths of more than 1,250 square feet with 3 bachelor units of a total of about 1,400 square feet. Each unit has access to a lovely rear yard, patio areas, mountain views and their homes are close to shopping, transportation and other amenities. This home is on a large double corner lot, very unique for this area. All inspections, interior viewings and contact with tenants must be completed upon acceptance of an offer. Please do not disturb owner or tenants. Open Documents for Performa and agent comment
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Additional Information
- Land Lease Type
- Fee
- Appliances
- Gas Range
- Spa
- Yes
- Fireplace Description
- Gas & Wood
- Heat
- Forced Air, Wall Furnace
- Cooling
- Air Conditioning, Central Air, Wall/Window Unit(s)
- View
- Mountain(s)
- Parking
- Assigned, Driveway, Garage Door Opener, Off Site, On Street
- Garage Spaces Total
- 2
- Sewer
- In, Connected and Paid
- Water
- Water District
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Listing courtesy of Coldwell Banker Realty.