69180 Victoria Drive
Description
- Listed by Tony Burton • DRE #01014173 • Brokerage DRE #01014173 • Burton Commercial, Inc.
Property Details for 69180 Victoria Drive
Property Details for 69180 Victoria Drive
| Status | Active |
|---|---|
| MLS # | SW24154487 |
| Days on Market | 123 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 0.80 AC / 35,000 SF |
| County | Riverside County |
Building Information for 69180 Victoria Drive
Property Information for 69180 Victoria Drive
- System ID: 306228436
- Class: 2-4 UNITS
- Levels: 2 Story
- Street Number Numeric: 69180
- Street Name: Victoria Drive
- Directions To Property: Take the 10 to Date Palm
- Monthly Total Fees: $48
- CFD/Mello-Roos Fee: $577
- CFD/Mello-Roos Fee Reflct: Year
- Supplement: This is the nicest apartment offering in Southern California. It consists of ten 3 bedroom 2 bath condo townhomes and each unit is its own separate property and has its own address/APN. So in the future, each unit can be sold separately as a condo!! IF YOU LOOK UP THIS PROPERTY PROFILE, IT WILL SHOW TEN APARTMENT UNITS, AND TEN ASSESSORS PARCEL NUMBERS!!! Each 3 bedroom 2 bath unit is 1,230 square fee and is immaculate inside. Each unit has it's own WATER METER, electric meter, and gas meter. TENANTS ALSO PAY FOR THEIR OWN TRASH! So tenant's pay for almost all of the operating expenses except for sewer at $129 monthly. See APOD in MARKETING PACKAGE in SUPPLEMENTS for expenses. Rents are a little behind the market, but are month to month and can be brought up to market using the Just Cause procedure within California Rent Control. For actual and market rents, please see RENT ROLL and RENT COMPS within the MARKETING PACKAGE in SUPPLEMENTS. At market rents, this apartment really performs! How about $324,000 annual gross income, a 10.65 GRM, a 7.99% Cap Rate, and a 12.72% Cash on Cash Return!!! SEE SUPPLEMENTS for detail. This is truly a great buy. Apartments in this area, and of this quality are very rare. The last comparable 10 unit sale was a couple years ago at 120 W Vereda Sur in Palm Springs. It sold for $3,800,000!!! See detail in SUPPLEMENTS. Please drive by (only) and take a close look at the pictures! This is truly a luxurious resort apartment that preforms very well.
- Pool: Community/Common
- Total Stories: 2
- Entry Only: No
- Lot Size Source: Assessor Record
- Site: Sidewalks
- Zoning: Assessor
- Assessors Parcel Num: 673141001
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 3
- Unit 1 Num of Total Baths: 2
- Unit 1 Rent Actual: $0
Property History for 69180 Victoria Drive
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 69180 Victoria Drive
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Cathedral City Elementary School PublicK to 5 | ||
Nellie N. Coffman Middle School Public6 to 8 | ||
Cathedral City High School Public9 to 12 | ||
Mt. San Jacinto High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Burton Commercial, Inc., Tony Burton, DRE #01014173
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.