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36957 Melrose Drive, Cathedral City, CA 92234

$525,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Total Beds
36957 Melrose Drive, Cathedral City, CA 92234View this property at 36957 Melrose Drive, Cathedral City, CA 92234
36957 Melrose DriveCathedral CityCA92234
Map & Location
Street View
Property Description
Excellent Income Property on Fee Land. All 1Br 1Bth units, approximately $675/month per unit, Monthly = $4,050, Annual = $48,600 Approx. 6 Units single story located in the highly sought after Cathedral City Cove. This property has amazing upside potential. Just down the street on East Palm Canyon, a planned Agua Caliente Casino,Shopping Center and Restaurants. Still Affordable here, but not for long.

Full Property Details for 36957 Melrose Drive

General

  • Sold For: $525,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 217024734
  • Added: 306 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Shared Amenities: Other

Parking

  • Total Spaces: 6
  • Other Parking Total: 6

Location

  • Area: Cathedral City South
  • County: Riverside
  • Development Name: Cathedral City South
  • Subdivision: Cathedral City Cove
  • Cross Streets: Melrose & Sunair Rd
  • Driving Directions: East Palm Canyon to Melrose South. Property is on the corner of Sunair and Melrose.
  • Direction Faces: Front Door Faces East

Heating & Cooling

  • Heating Type: Wall Heater

Utilities

  • Water: Water District
  • # Water Meters: 1
  • # Gas Meters: 6
  • # Electric Meters: 7

Structural Information

  • # Buildings: 1
  • Architectural Style: Ranch
  • Square Feet: 3,750
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,539
  • Lot Size Source: (Assessor)

Financial Considerations

  • Price Per Sq. Ft.: $140
  • Price Per Acre: $1,689,189.19
  • Price Per Unit: 91666
  • Sub Lease Exp.: 1800-01-01T00:00:00
  • Landlord Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Disclosures and Reports

  • Special Conditions: Standard Sale
  • APN: 687093008

Listed by Gary Anderson, R.E. Broker, Gary Anderson - CA DRE: 119187
Sold by Lamarc Realty, Latasha O'keith - CA DRE: 7856016

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Schools

Schools serving 36957 Melrose Drive

Score
Name
Grades
Distance
6
42-985 Indian Trail Rd, Rancho Mirage, CA 92270
K-5
3.9 mi
4
34-603 Plumley Rd, Cathedral City, CA 92234
6-8
1.6 mi
6
69-250 Dinah Shore Dr, Cathedral City, CA 92234
9-12
2 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 36957 Melrose Drive

Date
Details
Price
Change
Source
11/28/2017
Sold
$525,000
-4.55%
MLS
9/17/2017
Listed
$550,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Community Info

Community Info for 36957 Melrose Drive

Listed by Gary Anderson, R.E. Broker, Gary Anderson - CA DRE: 119187
Sold by Lamarc Realty, Latasha O'keith - CA DRE: 7856016

36957 Melrose Drive, Cathedral City, CA 92234 (MLS# 217024734) is a Multi-Family property that was sold at $525,000 on November 28, 2017. Want to learn more about 36957 Melrose Drive? Do you have questions about finding other Multi-Family real estate for sale in Cathedral City South? You can browse all Cathedral City South real estate or contact a Coldwell Banker agent to request more information.