Listed by James Gault, Compass,

225 E Avenida Palmera

Palm Springs, CA, 92264

$5,895,000

$333 per ft²
$5,895,000
$333 per ft²
Active
Active
 - For Sale
carpenters-square
17,654 ft²
property_type
Multi-family
calendar
Built 1976
An unmatched investment opportunity in an incredible south Palm Springs location. This Spanish Hacienda style apartment complex, dubbed Casa de Palmera, comprises three separate buildings totaling 18 units on nearly an acre in Tahquitz River Estates. It's rare that a property of this caliber and potential becomes available in Palm Springs. All units are equipped with central AC, full appliance suites, oversized living spaces and bedrooms, and many units have one or two large private patios. All tenants are month-to-month and many are long-term residents. Unit Breakdown: four - 2BR/2.5BA two-story townhouses, four - 2BR/2BA single-level units, four - 1BR/1BA single-level units, and six - 1BR/1BA single-level "casita" units with no unit above. All units are currently below market rents. Other property highlights include: outstanding mountain views, lush green spaces, close proximity to public transportation, food, grocery, financial institutions, and downtown Palm Springs, owned laundry facilities, and abundant value-add opportunities.
MLS® ID:
22182577
Listed:
7/26/22
Updated:
8/7/22

Interior Features

Kitchen Appliances
Dishwasher, Microwave, Oven, Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Ceiling Fan(s)
Laundry Description
Common Area
Fireplace
None
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.93 acres lot
Architectural Style
Spanish
Lot Details
Lawn, Landscaped
Sewer
Sewer Tap Paid

Other Property Details

Area Name
334 - South End Palm Springs
Garage
No
Parking
Covered, Carport, Detached Carport, On Street, Uncovered
Parking Total
26.0
View
Y
County
Riverside
Pool
No
Pool Description
Filtered, In Ground
Total Stories
2
Zoning
R3

 

Listed by James Gault, Compass,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/7/22. This information 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.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 9:32 PM UTC, 8/7/22

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