$2,200,000
$2,200,000
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0.57 Acres Lot
SOLD DATE : 12/28/2023
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23213249
Sold Date 12/28/23
HOA Y/N No
Year Built 1988
Lot Size 0.570 Acres
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.
Location
State CA
County Riverside
Area 322 - North Palm Desert
Zoning D
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Utilities Available Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
Roof Type Tile
Building
Lot Description Corner Lot
Story 2
Water Public
Others
Tax ID 627093024
Financing Cash
Special Listing Condition Standard
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Bought with Daniel Blackwell • CB Richard Ellis, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "