Sold
$2,750,000
Sold On 2024-12-13
Overview
MLS #
219112501DA
Listed on
2024-06-05
Status
Sold
Price
$3,195,000
Type
Residential Income
Size of home
9,376 sq ft
Beds / Baths
16 / 16.00
Size of lot
27,878 sq ft
Location address
73170 Tumbleweed Lane
Palm Desert 92260
Palm Desert 92260
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.
General Information
Original List Price
$3,195,000
Price Per Sq/Ft
$341
Furnished
No
Land Type
Fee
Land Lease Expires
N/A
Pool
Yes
Pool Description
Community, In Ground
Spa
Yes
Year Built
1967
Levels
One
Flooring
Carpet, Tile
Fireplace
No
Heating Type
Wall
Cooling Type
Air Conditioning
Parking Spaces
32
Parking Type
Carport Detached, Detached
Courtesy of:
James Carter /
Apartment Realty Group, Inc
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73170 Tumbleweed Lane