$2,750,000
$3,195,000
13.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/13/2024
Key Details
Sold Price $2,750,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240012683SD
Sold Date 12/13/24
HOA Y/N No
Property Description
The Pines Apartments represents an extremely well-located, value-add apartment complex adjacent to El Paseo in Palm Desert, CA. The property consists of sixteen (16) 1Bedroom/1Bathroom 586 sq ft single-level apartment units, and sits on a 27,878 sq ft parcel. Property amenities include a common area laundry facility, gated community pool, private patios, air conditioning, and sixteen (16) covered surface parking spots. The Pines Apartments offers an investor 45% upside in rents in a fantastic Palm Desert location adjacent and walking distance to El Paseo.
Location
State CA
County Riverside
Interior
Fireplace No
Exterior
Carport Spaces 16
Total Parking Spaces 16
Others
Tax ID 627232007
Financing Cash to New Loan
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Bought with Angelo La Bruna • Apartment Realty Group (ARG)
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "