343 W Tramview Road, Palm Springs, CA 92262 - Berkshire Hathaway HomeServices California Properties
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343 W Tramview Road, Palm Springs, CA 92262

$899,000 Approx. USD 0 beds, 0 baths

Reduced by $31,000 on 5/4/2025
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Listing Agent


Tony Burton | burtonccim@yahoo.com
Lic#: 01014173
Broker: Courtesy of Burton Commercial, Inc.

Agent Remarks

THIS IS A SMOKING DEAL!!! CHECK OUT LATEST PALM SPRING SALE COMPS ATTACHED IN SUPPLEMENTS. PRICES RANGE FROM $1,035,000 TO $1,579,000! AND WE ARE ASKING $899,000!!! 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!!! 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. All units have laundry hook ups! 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 9.39 Gross Rent Multiplier, a 9.31% Cap Rate, and a robust 19.31% Cash on Cash Return. Check out FOUR NEARBY RENT COMPS AT $1,995 MONTHLY in Supplements attached!! 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.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# SW25057294
List price is $899,000 Reduced by $31,000 on 5/4/2025
Price: $899,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1965
1 story
0.17 acres
Lot size: 0.1700
Subdivision: Tranview
County: Riverside
Zoning: RGA
Lot description: TwoToFiveUnitsAcre
Heating description: None
MLS area: 331 - North End Palm Springs

Last Updated: 5/8/2025

 Days On Market (DOM): 54

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This listing belongs to the 331 - North End Palm Springs MLS area

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Lat/Long: 33.866492, -116.549234.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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