$695,000
Excellent investment residential income opportunity in this well-maintained property with 5 well-established tenants that have had good rental income for years. Many improvements have been made to the interior and exterior since its original condition in recent years. This charming property is situated right in the heart of Yucca Valley in an area known as Old Town. This is on the preferred West side, making it an ideal commute for tenants who work in the Palm Springs area. This property's location in Yucca Valley is ideal, situated within a suburban desert neighborhood with standard local amenities nearby. Beautifully surrounded by stunning desert landscapes and its vibrant mountain views. Yucca Valley is very popular and characterized by its small-town charm, outdoor activities, and cultural events. Seems to have good future growth potential. The property is situated on a huge 0.68-acre level lot, 90x300, that goes street to street. Units on the property consist of four structures with laundry facilities. Two duplexes that have been freshly painted with exterior Spanish charm, featuring two bedrooms and one bath each for a total of four units. 8 bedrooms/4 baths. Plus, an additional one bedroom one bath sperate small house. Thus, a total of 5 rental units, 9 bedrooms, and 5 Bathrooms. There is a fourth small house at the rear of the property that is not occupiable. These charming units have full kitchens with appliances, upgraded countertops, and cabinetry. Tile, carpet, and luxury vinyl flooring. Enhanced outlying areas with new concrete walkways and newer roofs. All units are separately metered for utilities. Very convenient location just off Hwy 62. County Use Code: Apartment 5-14 units. Open your eyes here to the possibilities! Such as adding an ADU, additional units, or the Owner could live in the house and receive additional income from both duplexes. Imagine the potential here!
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Listed by Bill Fennessey with Home Smart (760) 844-7500
Property Type
Residential Income
Status
Active
MLS Number
219144503DA
Year Built
1988
Lot Size
0.68 acres