$77,000 Price Analysis 2184 Riviera CtThermal, CA 92274 3 bed 2 bath 1,124 SqFt ($68/SqFt) 0.24 acre lot. Built 1965 Listed 2024-05-09, Taxes $1,542 | ✓ USDA Eligible near Thermal, CA |
INVESTORS cash offers located in a prime location ideal for developing an Airbnb business, given its proximity to popular events like Coachella and the Thermal r ace 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 repirs needed, the property is being offered at a exceptional 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.
Presented by Hector Gonzalez at
CENTURY 21 A Better Service Realty.
Property MLS #DW24093700 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2023 | $4,728 + $20,497 $25,225 | $1,542 |
2022 | $4,636 + $20,096 $24,732 | $1,343 |
2021 | $4,546 + $19,702 $24,248 | $1,276 |
2020 | $4,590 + $17,850 $22,440 | $1,044 |
2019 | $4,500 + $17,500 $22,000 | $993 |
2018 | $1,020 + $2,040 $3,060 | $693 |
2017 | $35,321 + $23,545 $58,866 | $1,406 |
2016 | $34,629 + $23,084 $57,713 | $1,327 |
2015 | $44,456 + $5,000 $49,456 | $1,162 |
2014 | $44,456 + $5,000 $49,456 | $1,127 |
2013 | $44,456 + $5,000 $49,456 | $1,108 |
2012 | $44,456 + $5,000 $49,456 | $1,052 |
2010 | $44,456 + $5,000 $49,456 | $1,059 |
2009 | $31,836 + $21,224 $53,060 | $1,031 |
2009 | $31,760 + $21,173 $52,933 | $1,031 |
2008 | $31,212 + $20,808 $52,020 | $964 |
2007 | $30,600 + $20,400 $51,000 | $924 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.