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73435 San Gorgonio Way

Palm Desert, CA 92260
  • $2,200,000
  • STATUS: Closed
  • ON SITE: 240 Days
  • ID#: PW23213249
Sold - 12/28/2023
$2,200,000
SOLD - 12/28/2023
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1988
County:

School Ratings & Info

Listing Agent(s): Brigitte Schroeder of MJC Realty (714-271-7322) and Silke Schroeder of ()


Description

Great investment opportunity in great location! This 10-unit Palm Desert apartment complex offers 2 bedroom, 2 bathroom units below market value. The property is being sold fully leased. It features desirable amenities including a gated pool, laundry room, and 10 two-car garages. The ground floor units have patios, and the second-floor units have private balconies. In addition, there is a mechanical room. This property is centrally located within 1/2 mile of dining & shops, including El Paseo.

Sold by Daniel Blackwell of CB Richard Ellis, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-14T22:27:46.96. 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 deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/145358263
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73435 San Gorgonio Way Palm Desert, CA 92260

  • Price: $2,200,000
  • Status: Closed
  • On Site: 240 Days
  • Updated: 125 min ago
  • ID#: PW23213249
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1988
Built
Neighborhood:
322 - North Palm Desert
County:
Riverside
Area:
322 - North Palm Desert
Property Description
Great investment opportunity in great location! This 10-unit Palm Desert apartment complex offers 2 bedroom, 2 bathroom units below market value. The property is being sold fully leased. It features desirable amenities including a gated pool, laundry room, and 10 two-car garages. The ground floor units have patios, and the second-floor units have private balconies. In addition, there is a mechanical room. This property is centrally located within 1/2 mile of dining & shops, including El Paseo.
Exterior Features

Entry Level 1 Lot Features Corner Lot Roof Tile Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Buyer Financing Cash Cap Rate 4.33 Common Interest None Gross Scheduled Income 138780 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Number Of Units Leased 10 Property Sub Type Multi Family Special Listing Conditions Standard Utilities Electricity ConnectedSewer ConnectedUnderground UtilitiesWater Connected Vacancy Allowance 2775 Vacancy Allowance Rate 2 Water Source Public Zoning D



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-14T22:27:46.96. 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 deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Brigitte Schroeder of MJC Realty (714-271-7322) and Silke Schroeder of ()