$50,000
$77,000
35.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
1,124 SqFt
SOLD DATE : 09/16/2024
Key Details
Sold Price $50,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,124 sqft
Price per Sqft $44
Subdivision Vista Santa Rosa (31601)
MLS Listing ID DW24093700
Sold Date 09/16/24
Bedrooms 2
Full Baths 1
Year Built 1965
Property Sub-Type Detached
Property Description
INVESTORS, INVESTORS cash offers only located in a prime location ideal for developing an Airbnb business, given its proximity to popular events like Coachella and the Thermal race track. However, the property has suffered a fire incident in the past, resulting in significant damage. The garage has been converted to accommodate this change, but the main property itself requires major renovation and restoration work. Despite the extensive repairs needed, the property is being offered at a great deal due to its attractive price point. The potential of this property lies in its strategic location near sought-after attractions, making it an appealing option for individuals looking to invest in short-term rental opportunities catering to event attendees and tourists visiting the area. With the right vision and investment in renovations, this property could be transformed into a profitable Airbnb venture capitalizing on its proximity to popular entertainment venues. While the initial investment may be significant, the potential returns from operating an Airbnb in such a desirable location could make it a worthwhile venture for the right buyer. In summary, this property presents a unique opportunity for investors willing to undertake substantial renovation efforts to capitalize on its advantageous location near Coachella and the Thermal track. The discounted price reflects the condition of the property post-fire but also offers potential for significant returns with proper rehabilitation and utilization as an Airbnb rental.
Location
State CA
County Imperial
Direction From 86 S Expressway, Left on S Marina, Right on N Riviera Cir, Left on Riviera Ct. Property is on the lefthand side.
Interior
Fireplace No
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 2
Building
Story 1
Sewer Unknown
Water Public
Level or Stories 1
Others
Special Listing Condition Standard
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Bought with General NONMEMBER NONMEMBER MRML
