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Sold
$439,000
Sold On 2021-08-05
Image Number 1 for Catalina Way in Palm Desert

Overview

MLS # 219063004DA
Listed on 2021-06-02
Status Sold
Price $439,000
Type Residential Income
Subtype Single Family Residence
Size of home 1,588 sq ft
Beds / Baths 3 / 2.00
Size of lot 7,405 sq ft
Neighborhood Not Applicable
Location address Catalina Way
Palm Desert 92260

Description


An excellent investment opportunity of residential real estate and business income potential. This is a Sober Living home that has been in operation in central Palm Desert for over 10 years. This business has good potential for income growth now that COVID restrictions are ending. The Coachella Valley is a strong recovery treatment area and this home is part of that Community of Recovery network. All lead sources, operating parameters and on-site management are in place and well established .''House of gratitude'' provides transitional housing for adult males exiting local addiction recovery centers. This home is also available for sale as a Single Family Residential home. The home is 5 lots away from The City of Palm Desert's transformation of San Pablo Ave. into a key artery of a revitalized city center where walking, biking, and fun is the focus. Traffic lanes were reduced to allow for improved bikeway facilities, enhanced pedestrian accommodations, new landscaping, beautification of existing community gardens, on-street parking, and a roundabout intersection at San Gorgonio Way. The home is also only 3 blocks away from Palm Desert City Park, with a golf driving range, Olympic size pool, tennis courts, ball fields, volleyball and basketball courts, outdoor concert amphitheater and more, along with The College of the Desert.Appointments only with proof of Funds and Pre qualified letters required.

General Information

School District Desert Sands Unified
Original List Price $439,000
Price Per Sq/Ft $276
Furnished No
Land Type Fee
Land Lease Expires N/A
Pool Yes
Spa Yes
Year Built 1978
Levels One
View Mountains
Interior Features High Ceilings (9 Feet+), Open Floor Plan
Flooring Carpet, Tile
Appliances Oven-Gas, Range
Patio Features Concrete Slab, Covered
Laundry Laundry Area
Fireplace Yes
Heating Type Forced Air, Natural Gas
Cooling Type Central
Parking Spaces 2
Parking Type Door Opener

Courtesy of: Jon McGihon / Bennion Deville Homes

Other homes in Not Applicable