36957 Melrose Drive
Cathedral City, CA 92234
MLS #14747275PS

Income
  • 6units
  • 3,750sq ft
Pending Sale $419,000
Est. P&I payment: $1600.3/mo
36957 Melrose Drive, Cathedral City, CA 92234
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 1
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 2
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 3
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 4
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 5
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 6
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 7
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 8
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 9
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 10
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 11
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 12
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 13
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 14
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 15
  • 36957 Melrose Drive, Cathedral City, CA 92234 Photo 16
Share  
Description for 36957 Melrose Drive, Cathedral City, CA 92234
Excellent cash flow income earner! 6 units each is one bedroom/one bath with living room and kitchen. Very desirable rentals near the shopping, bus line and downtown of Cathedral City. Recent replacement of windows, roof and copper plumbing. Laundry room income, gas stoves, security doors. Great original tile in kitchens and bathrooms - Vintage 60's Cool. Owner will carry. All units rented at this time except one. One unit may be viewed.
MLS #14747275PS
Tour This Property In Person
Request a Showing
 

My Notes for MLS #14747275PS

General Features

  • Number Of Buildings: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Year Built: 1960
  • Zoning: R302M
  • Improvements Amount: 191,870
  • Land Value: 70,296
  • Number With Disposal: 6
  • Number With Patio: 1
  • Number With Refrigerator: 3

Exterior Features

  • Construction Materials: Stucco
  • Roof: Composition
  • Lot Features: Corner Lot,​Corners Established
  • Lot Size Acres: 0.31
  • Lot Size SqFt: 13,539
  • Parking Features: Street,​Off Site
  • Parking Total: 4

Interior Features

  • Flooring: Ceramic Tile
  • Foundation Details: Concrete Slab
  • Interior Features: Tile Counters
  • Levels: One

Utility Features

  • Cooling YN: 1
  • Cooling: Wall Window
  • Heating YN: 1
  • Heating: Wall Heater
  • Laundry Features: Community
  • Utilities: Cable TV
  • Appliances: Stove,​Recirculated Exhaust Fan,​Garbage Disposal
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Wall AC: 6

Financial Features

  • CapRate: 7.3
  • Electric Expense: 336
  • Insurance Expense: 844
  • Laundry Income: 1,320
  • Net Operating Income: 30,881
  • Other Expense: 5,388
  • Price Per SqFt: 111.73
  • Total Expenses: 16,126
  • Trash Expense: 1,273
  • Vacancy Allowance Rate: 3
  • Water Sewer Expense: 1,548
  • Land Lease Amount Frequency: Monthly
  • Fuel Expense: 180
  • Gardner Expense: 840
  • Gross Multiplier: 8.65
  • Gross Operating Income: 47,007
  • New Taxes Expense: 5,237
  • Pest Control Expense: 480

Community Features

  • Community Features: Curbs

Miscellaneous Features

  • Building Area Total: 3,750
  • Days On Market: 15
  • Lot Size Source: Landlord/Lessor/Owner
  • Cumulative Days On Market: 15
  • Tract Sub Area Code: 7,380

Location

 
Street View Not Available
Directions to 36957 Melrose Drive, Cathedral City, CA 92234
East on E. Palm Canyon / Hwy 111 into Cathedral City. Turn South/Right 1 street past Bankside. Property on the Right.
Listing information for 36957 Melrose Drive, Cathedral City, CA 92234 was graciously provided by our friends at the listing brokerage, Scott Lyle REALTORS and by listing agent Lyle Scott DRE# 00700215

Get Financing for 36957 Melrose Drive, Cathedral City, CA 92234

($ or %)
%
P&I Payment $1600.3
Request More Listing Information
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/21/2018 at 1:12pm
Agent Login    |    Powered by Onjax
Create Free Account or
Choose Your Agent (optional)
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or