Sold
Closed
225 E Avenida Palmera
Palm Springs CA, 92264
$4,000,000
$250.42 per sqft
Sold
Closed
26 Beds
30 Baths
15,973 sqft
Residential
Built in 1976
Listed by James Gault with Compass 310-621-7765
SELLER FINANCING IS AVAILABLE - INQUIRE FOR TERMS. 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.
22182577
MLSⓇ ID
July 27, 2022
Listed
October 1, 2024
Updated
Map
225 E Avenida Palmera
Palm Springs CA, 92264
Interior Features
Total Stories
2
Bedrooms
26
Total Bathrooms
30
Interior Features
Ceiling Fan(s)
Appliances
Dishwasher, Microwave, Oven, Refrigerator
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.93 Acres
Lot Features
Lawn, Landscaped
Architectual Style
Spanish
Sewer
Sewer Tap Paid
Other Property Details
Area Name
334 - South End Palm Springs
Days on Market
544
Garage
No
Parking
Covered, Carport, Detached Carport, On Street, Uncovered
Parking Total
26
View
Yes
View Description
Park/Greenbelt, Mountain(s)
County
Riverside
Water Source
Public
Pool
Yes
Pool Features
Filtered, In Ground
Zoning
R3
Listing History
Date | Event | Price |
|---|---|---|
1/23/2024 | Price change | $4,000,000 -16% |
1/23/2024 | Sold | $4,000,000 |
8/16/2023 | Price change | $4,725,000 -6% |
5/30/2023 | Price change | $4,995,000 -10% |
Listing Contact: 760-350-9253
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/1/2024 at 9:53 PM UTC