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36957 Melrose Drive, Cathedral City, CA 92234

$550,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
  • 6 Total Beds
36957 Melrose Drive, Cathedral City, CA 92234 View this property at 36957 Melrose Drive, Cathedral City, CA 92234
36957 Melrose Drive Cathedral City CA 92234

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

  • Price: $550,000
  • Status: Pending
  • Type: Multi-Family
  • MLS ID: 217024734
  • Updated: 9/27/2017
  • Added: 36 day(s) ago

Property History

  • 36957 Melrose Drive, Cathedral City, CA
  • Listed at $550,000 on 9/17/17

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
  • 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.: $146.67
  • Price Per Acre: $1,769,626.77
  • 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

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Estimate the Cost

36957 Melrose Drive will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

36957 Melrose Drive, Cathedral City, CA 92234 (MLS# 217024734) is a Multi-Family property with 6 units containing 6 bedrooms and 6 full bathrooms. 36957 Melrose Drive is currently listed for $550,000 and was received on September 17, 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.

Listed by Gary Anderson, R.E. Broker, Gary Anderson - CA DRE: 119187