CA > Palm Springs > Desert Highland Gateway
Palm Springs, CA 92262,343 W Tramview RD
Palm Springs, CA 92262,343 W Tramview RD
Palm Springs, CA 92262,343 W Tramview RD
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$930,000
Est. payment /mo
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2 Beds
1 Bath
3,200 SqFt
Active

343 W Tramview RD Palm Springs, CA 92262

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Jason Tomei

Jason Tomei

+1(702) 819-9438

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $290

Subdivision Desert Highland Gateway

MLS Listing ID SW25057294MR

Bedrooms 2

Year Built 1965

Lot Size 7,405 Sqft

Property Sub-Type Multi-Family

Property Description

OWNER WILL CARRY!!! This fine 4Plex is located just off Highway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. SELLER WILL PROVIDE FINANCING WITH ONLY $250,000 DOWN!!! Seller is motivated to sell and therefore has given a major price reduction of $150,000!! Please note that after this price reduction, THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached. Buyer/Buyer's agent to provide all their required disclosures, and provide and pay for all TC services for Buyer and Seller including all documents including through DocuSign.

Location

State CA

County Riverside

Area Palm Springs North End

Zoning RGA

Interior

Heating None

Laundry Inside

Exterior

Pool None

Community Features Gutters

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Burton Commercial, Inc.

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agent

Jason Tomei

Agent | RE.S.0176035

+1(702) 819-9438

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343 W Tramview RD