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yourdomain > Palm Springs > house/condo > $225,000 / 2br - 1455ft2 - unique opportunity nestled in the heart of Cabazon (Cabazon)

$225,000 / 2br - 1455ft2 - unique opportunity nestled in the heart of Cabazon (Cabazon)

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Posted : Sunday, March 24, 2024 05:54 AM

I'm excited to present a unique opportunity nestled in the heart of Cabazon.
This property brings an enticing prospect for investors looking to capitalize on a market with a scarcity of available properties.
2 bed/ 2 bath (potential to add 3rd bedroom) 1,452 sq.
ft 6,960 sq ft lot.
1990 year build COMPS AND MARKET: This is a manufactured home but it looks very conforming to the rest of the neighborhood and it is hard to tell it's manufactured from looking at it from the street.
Not to mention, MLS shows this property at 1,452 sq.
ft, making it one of the biggest units in the entire area.
The comps in the packet are single family units (not manufactured homes), but there just is no other sold data in this pocket of Cabazon.
As you can see in the picture below, there are only 3 neighborhoods/pockets in this 1 mile radius of Cabazon and all 3 pockets are conforming with very similar house builds and style and lot sizes.
In pocket 3, the streets are older looking and more beat up, the neighborhood not as nice.
Our pocket is on the side of the school in the middle of the map as well.
As you can see, scarcity and availability of ANY property available in this neighborhood is a major selling point with this property which is why I justified the ARV around $360-$370k.
REHAB: Cosmetic rehab throughout, but the play is to add a 3rd bedroom by closing the 3rd room off and adding a closet.
RENTAL: This property also offers rental potential with average rents going for $1,600/month.
.
David 424-256-021SIXXXXXXxx For quick response call or text me.
Or copy and search bellow.
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• Phone : NA

• Location : Cabazon,CA

• Post ID: 9011801332


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