343 W Tramview Rd Palm Springs, CA 92262
Property details
About 343 W Tramview Rd
This fine 4Plex is located just off HIghway 111, and just five minutes from downtown Palm Springs! These are really nice units that have been fixed up inside and out. Seller is motivated to sell and therefore has given a major price reduction of $150,000!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached.
Highlights
Summary
- MLS Number: SW25057294
- MLS Name: CRMLS
- Office Name: Burton Commercial, Inc.
- Office Phone: (951) 375-7433
- Listing Agent: Tony Burton
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$930,000
343 W Tramview Rd
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 21, 2022 | Home Sold | $720,000 |
| Aug 31, 2009 | Home Sold | $150,000 |
| Dec 27, 2000 | Home Sold | $121,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $749,088 | $9,629 |
| 2023 | $734,400 | $9,806 |
| 2022 | $182,439 | $2,876 |
| 2021 | $178,863 | $2,827 |
| 2020 | $177,030 | $2,720 |
| 2018 | $170,157 | $2,637 |
| 2017 | $166,821 | $2,538 |
History based on county public records data.
Nearby schools
4
Vista Del Monte Elementary School
Public District KG-5
0.9 mi
•2744 N Via Miraleste
5
Katherine Finchy Elementary School
Public District KG-5
2.2 mi
•777 E Tachevah Dr
5
Rio Vista Elementary School
Public District KG-5
4.0 mi
•67700 Verona Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,631. The most common annual income of people living in Palm Springs, CA is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Symphony or Opera
Horse Races
Continuing Education Courses
Where do the neighbors shop?
Chico's
Stein Mart
Express/Express For Men
Where do the neighbors go to eat?
Boston Market
LongHorn Steakhouse
Qdoba
What do the neighbors drive?
Volvo
Buick
Volkswagen
What do the neighbors listen to?
Talk/Personality- Contemporary Inspirational
Urban Contemporary
This home is located at 343 W Tramview Rd in Palm Springs, CA and zip code 92262 in the Desert Highland Gateway Estates neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 15, 2025 and is currently priced at $930,000.
In February 2025, from all listings sold in Palm Springs, CA there were more than 1 sold above asking price, over 5 sold below and more than 1 were sold right at the asked price. The number of listings in Palm Springs, CA increased by 10.9% between January and February 2025. While the average time on the market in February 2025 was 41 days, the median list price was $599,571.