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Key Details
Sold Price $4,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,973 sqft
Price per Sqft $250
Subdivision Tahquitz River Estates
MLS Listing ID 22182577
Sold Date 01/22/24
Bedrooms 26
HOA Y/N No
Year Built 1976
Lot Size 0.930 Acres
Property Description
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.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning R3
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s)
Laundry Location Common Area
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Microwave, Oven, Refrigerator
Laundry Common Area
Exterior
Garage Covered, Carport, Detached Carport, On Street, Uncovered
Pool Filtered, In Ground
View Y/N Yes
View Park/Greenbelt, Mountain(s)
Porch Enclosed
Parking Type Covered, Carport, Detached Carport, On Street, Uncovered
Attached Garage No
Total Parking Spaces 26
Building
Lot Description Lawn, Landscaped
Story 2
Entry Level Multi/Split
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Architectural Style Spanish
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 508345005
Special Listing Condition Standard
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Bought with James Gault • Compass
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