243 Avenida Ortega Palm Springs, CA ^$ 1,250,000

243 Avenida Ortega

^$ 1,250,000

Back to search

243 Avenida Ortega

Palm Springs, CA, 92264

^$ 1,250,000

Studio Baths0.0

Monthly Estimate*

^$ 8,732

Listed by Coldwell Banker Realty

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Studio

Multi-Family Home for sale in Palm Springs, CA

for $1,250,000. This home was built in 1952 on a lot size of 0.16.

Attention, savvy investors and 1031 exchange enthusiasts! Welcome to 243 Avenida Ortega, a prime investment opportunity in the heart of South Palm Springs. This fourplex offers a rare chance to capitalize on the Palm Springs market while enjoying the beauty of the desert.Nestled against the backdrop of majestic mountains, this property boasts breathtaking mountain views that will leave you in awe. Each unit has been thoughtfully updated to provide a harmonious blend of comfort and style, making it an attractive prospect for investors looking to generate rental income.The location couldn't be more ideal for investors seeking to diversify their portfolio or execute a 1031 exchange. You'll find yourself just moments away from Palm Springs' renowned dining, shopping, and entertainment options.Don't miss this golden opportunity to own a piece of Palm Springs paradise and achieve your investment goals. Contact us today to schedule a viewing and explore the potential this unique fourplex offers

Multi-Family Active

Price

^$ 1,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1952

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

219109615PS

Days on Market

Features

General

Cooling WallWindowUnits

HOA 0.0

Garage Spaces 0.0

Security Features KeyCardEntry

Exclusions Patio Furniture and Sellers personal belongings in storage shed

Year Built 1952

View Mountains

Stories 2

Levels Two

County Riverside

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Tahquitz River Estat

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Take South Palm Canyon to Avenida Olancha then turn right onto Avenida Ortega

City Palm Springs

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 5.0

Total Units 4

MLS Area 334 - South End Palm Springs

Lot Size Square Feet 6970.0

Private Pool N

Waterfront Y/N N

Carport Spaces 0.0

Carport Y/N N

Street Name Avenida Ortega

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 12

Standard Status Active

Year Built Source Assessor

Interior

Flooring Tile Wood

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features Assigned

Total Parking 5.0

Lot Size Area 6970.0

Number of Buildings 1

Spa N

Lot Size Acres 0.16

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 3

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 243

* Excluded Features

List By

Coldwell Banker Realty

Broker

(760) 774-4990

Phone

Affordability Calculator

$8,732

Per Month

Monthly Principal & Interest: $8,732
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Palm Springs, CA

Average List Price ^$1,968,161

Percent of Sale Price 57%

About Palm Springs, CA

46,525 Population

9% Since 2002

^$49,313 Median Income

54.63 Median Age

11% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/18/2024	$1,250,000	-3.47%	Price Down
4/6/2024	$1,295,000		Listed Price

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243 Avenida Ortega, Palm Springs, CA, 92264 is a Multi-Family Home for sale at $1,250,000 with a lot size of 0.16. 243 Avenida Ortega is a studio with 0.0 baths and was built in 1952. The property's zip code is 92264 which is in Palm Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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243 Avenida Ortega

Multi-Family Home for sale in Palm Springs, CA

Affordability Calculator

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