Mid Century Ranch Style Triplex - Solid building, cheaper then a single family home. Income with existing building or development for greater profits , zoned for 6 more units. The massive over sized view lot (over a half of acre) offers many ways to earn extra income. Frontage of lot is 140ft. Lot is 2 times bigger than most sold, pending, or active 3-4 units. This is NOT a fixer but still has room for numerous opportunities. (Don't let time on the market fool you, it has fallen out of escrow three times)
Mid Century Ranch Style Triplex - Solid building, cheaper then a single family home. Income with existing building or development for greater profits , zoned for 6 more units. The massive over sized view lot (over a half of acre) offers many ways to earn extra income. Frontage of lot is 140ft. Lot is 2 times bigger than most sold, pending, or active 3-4 units. This is NOT a fixer but still has room for numerous opportunities. (Don't let time on the market fool you, it has fallen out of escrow three times). New Foam Roof, Polished Concrete floors, Updated Baths, New Kitchens, Copper Plumbing, Individual Hot Water Tanks, Separate Laundry Room, All walls have been smoothed coated for a modern clean look. Each Unit has its Own Electric Meter/Panel (SquareD) and Gas Meter. Large Parking Lot - Conveniently located close to Riviera Resort, Billy Reeds, and The Buzz.
Calling all Investors. This Triplex property is in a great location, near all that Palm Springs has to offer regarding shopping, schools, restaurants and more. A 3-unit, multifamily dwelling located on a huge corner lot measuring 27,443 square feet. The possibilities are endless to expand and develop additional rental income units. Currently there are 3 separate units (unit 1 is unoccupied, 2 and 3 are occupied) measuring 2,201 square feet, total. Four bedrooms and 4 baths, total, with all 3 units combined. A great opportunity for someone with vision who's seeking an investment opportunity in a prime location.
SDMLS #301789579
Mar 10, 2016
Sold
$286,500
$136/sq ft
Apr 22, 2015
Listed
$315,000
$150/sq ft
+20
Calling all Investors. This Triplex property is in a great location, near all that Palm Springs has to offer regarding shopping, schools, restaurants and more. A 3-unit, multifamily dwelling located on a huge corner lot measuring 27,443 square feet. The possibilities are endless to expand and develop additional rental income units. Currently there are 3 separate units (unit 1 is unoccupied, 2 and 3 are occupied) measuring 2,201 square feet, total. Four bedrooms and 4 baths, total, with all 3 units combine
Calling all Investors. This Triplex property is in a great location, near all that Palm Springs has to offer regarding shopping, schools, restaurants and more. A 3-unit, multifamily dwelling located on a huge corner lot measuring 27,443 square feet. The possibilities are endless to expand and develop additional rental income units. Currently there are 3 separate units (unit 1 is unoccupied, 2 and 3 are occupied) measuring 2,201 square feet, total. Four bedrooms and 4 baths, total, with all 3 units combined. A great opportunity for someone with vision who's seeking an investment opportunity in a prime location.
CRMLS #AR14014408
Apr 18, 2014
Listing Removed
—
Jan 21, 2014
Listed
$335,000
$160/sq ft
CRMLS #AR13009504
Jan 9, 2014
Listing Removed
—
Oct 5, 2013
Price Changed
$350,000
$167/sq ft
Sep 23, 2013
Price Changed
$390,000
$186/sq ft
Apr 5, 2013
Listing Removed
—
Jan 24, 2013
Listed
$396,000
$189/sq ft
Public Records
Apr 23, 1990
Sold
$155,000
$74/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,409 (−2.4%)
$125,431 + $460,133
$585,564
2024
$7,593 (−1.7%)
$122,972 + $451,111
$574,083
2023
$7,726 (−0.1%)
$120,561 + $442,266
$562,827
2022
$7,735 (+1.9%)
$118,198 + $433,595
$551,793
2021
$7,594 (+4.4%)
$115,881 + $425,094
$540,975
2020
$7,277 (+1.6%)
$107,219 + $423,519
$530,738
2019
$7,161 (+1.8%)
$106,120 + $419,177
$525,297
2018
$7,037 (+59.8%)
$104,040 + $410,958
$514,998
2017
$4,402 (+17.3%)
$51,000 + $241,230
$292,230
2016
$3,752 (+5.2%)
$51,000 + $241,230
$292,230
2015
$3,566 (+2.7%)
$46,612 + $194,256
$240,868
2014
$3,471 (+0.8%)
$45,014 + $187,592
$232,606
2013
$3,444 (+6.6%)
$45,014 + $187,592
$232,606
2012
$3,230 (+4.3%)
$44,811 + $186,746
$231,557
2011
$3,097 (−1.4%)
$43,933 + $183,085
$227,018
2010
$3,141 (+0.1%)
$43,072 + $179,496
$222,568
2009
$3,138 (+7.7%)
$42,751 + $178,155
$220,906
2008
$2,912
$42,853 + $178,579
$221,432
Tax history for 277 E RACQUET CLUB Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,409 (−2.4%)
$125,431 + $460,133
$585,564
2024
$7,593 (−1.7%)
$122,972 + $451,111
$574,083
2023
$7,726 (−0.1%)
$120,561 + $442,266
$562,827
2022
$7,735 (+1.9%)
$118,198 + $433,595
$551,793
2021
$7,594 (+4.4%)
$115,881 + $425,094
$540,975
2020
$7,277 (+1.6%)
$107,219 + $423,519
$530,738
2019
$7,161 (+1.8%)
$106,120 + $419,177
$525,297
2018
$7,037 (+59.8%)
$104,040 + $410,958
$514,998
2017
$4,402 (+17.3%)
$51,000 + $241,230
$292,230
2016
$3,752 (+5.2%)
$51,000 + $241,230
$292,230
2015
$3,566 (+2.7%)
$46,612 + $194,256
$240,868
2014
$3,471 (+0.8%)
$45,014 + $187,592
$232,606
2013
$3,444 (+6.6%)
$45,014 + $187,592
$232,606
2012
$3,230 (+4.3%)
$44,811 + $186,746
$231,557
2011
$3,097 (−1.4%)
$43,933 + $183,085
$227,018
2010
$3,141 (+0.1%)
$43,072 + $179,496
$222,568
2009
$3,138 (+7.7%)
$42,751 + $178,155
$220,906
2008
$2,912
$42,853 + $178,579
$221,432
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
3.25
Stories
1
Lot width
—
Lot depth
—
Lot size
27,443
Year renovated
1964
Sq. Ft.
2,100
Year built
1964
Style
Multi-Family (2-4 Unit)
County
Riverside County
APN
501101028
Parking Spaces
—
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Nov 18, 2020.
R2
Limited Multiple-Family Residential Zone
The R-2 zone is intended to provide for the development of medium-density multiple-family residential uses.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Other
Hotel / motel
Apr 21, 2022 • Final
Building (residential) - mechanical
HVAC
Oct 4, 2017 • Active
Legacy - legacy
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Virtual Tour
Multi-Unit Information
# of Units: 3
Annual Expense (Actual): $3,600
Net Operating Income (Actual): $34,200
Tenant Pays: Cable TV, Electricity, Gas/Propane
Unit 1 Information
Unit Number: 1
# of Bedrooms: 1
# of Baths (Total): 1
Parking Garage Space: 0
Unit 2 Information
Unit Number: 2
# of Bedrooms: 2
# of Baths (Total): 2
Parking Garage Space: 0
Unit 3 Information
Unit Number: 3
# of Bedrooms: 1
# of Baths (Total): 1
Parking Garage Space: 0
Exterior
Building Information
# of Buildings: 1
Year Built: 1964
Total Stories: 1
Property Information
Res Income 2-4 Units
Utilities
Water Information
Water Heater Type: Gas
Public facts
Beds: 4
Baths: 3.25
Sq. Ft.: 2,100
Stories: 1.0
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 0.63 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1964
Year Renovated: 1964
County: Riverside County
APN: 501101028
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Nov 18, 2020
Around this home
Schools
K - 12
Preschool & daycare
Vista Del Monte Elementary School
Public K-5 • Assigned • 0.3mi
3/10
Raymond Cree Middle School
Public 6-8 • Assigned • 0.7mi
5/10
Palm Springs High School
Public 9-12 • Assigned • 2.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
7/10 Fire Factor
18% chance of being in a wildfire in next 30 years
9/10 Heat Factor
8 days above 112° expected this year, 24 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
8 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Palm Springs, CA • 92262
Average low and high temperatures (°F)
66
50
73
55
79
60
79
60
86
66
96
75
101
80
101
80
91
74
83
65
72
56
71
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.8 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.
10.8 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$868,000 – $1.05M
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