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66580 8th Street

Desert Hot Springs, CA 92240
  • $895,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: EV21232143
UPDATED: 52 min ago
$895,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing provided courtesy of Nathan Diones of Regioncy Real Estate and Maria Adair of Regioncy Real Estate

Description

100% occupied busy strip mall located in Desert Hot springs off Palm Dr nearby the Mineral Springs Hotel, the plaza has long term popular anchor tenant Kamlun. Seller willing carry financing with 35% down at 4%-5%. Generous upside on rents could generate a possible 8%+ cap rate.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T10:25:34.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/122602637
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66580 8th Street Desert Hot Springs, CA 92240

  • Price: $895,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 52 min ago
  • ID#: EV21232143
0
Beds
0
Baths
0
½ Baths
0.48
Acres
Neighborhood:
340 - Desert Hot Springs
County:
Riverside
Area:
340 - Desert Hot Springs
Property Description
100% occupied busy strip mall located in Desert Hot springs off Palm Dr nearby the Mineral Springs Hotel, the plaza has long term popular anchor tenant Kamlun. Seller willing carry financing with 35% down at 4%-5%. Generous upside on rents could generate a possible 8%+ cap rate.
Exterior Features

Lot Features 0-1 Unit/Acre Sign On Property YN No

Property Features

Additional Parcels YN No Common Interest None Current Financing None Gross Scheduled Income 55550 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms Owner Will CarryOwner May Carry Net Operating Income 33573 Number Of Units Leased 3 Operating Expense 19152 Property Sub Type Retail Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T10:25:34.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
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Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing provided courtesy of Nathan Diones of Regioncy Real Estate and Maria Adair of Regioncy Real Estate