Listed by Marcus & Millichap - Inland Empire
$1,275,000
1900 E Baristo Road
Details
APN 502182004
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 5,231
Units 7
Year Built 1970
Buildings 1
Stories 2
Acreage 0.270
Zoning Public Rec
Multifamily | 7 Units | $182,143/unit
Marketing description
Baristo Apartments is a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California. Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located within the desirable Sunrise Park submarket of Palm Springs. Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces, a community pool and a shared laundry room. Units 1 and 6 feature individual in-unit washer and dryer hookups. The property benefits from its proximity to Palm Springs High School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport. The surrounding area is characterized by established residential neighborhoods, strong year-round rental demand, and Palm Springs continued appeal as a resort destination and short-term rental market (subject to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal. 1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing asset within one of Southern Californias most established resort markets. Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property. For Further Information, Please Contact the Listing Agents.
Investment highlights
Ideally Situated on a Large 11,761 SF Corner Lot
Located in the Sunrise Park Submarket
Across from Palm Springs High School | Minutes to Downtown & Airport
Diverse Unit Mix: Studio, One-Bedroom & Three-Bedroom Units
Amenities Include Pool, On-Site Laundry Room & Two Units with In-Unit Washer/Dryer Hookups
Listing Contacts
Listed by Marcus & Millichap - Inland Empire
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