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Overview

MLS # NP24158212MR
Listed on 2024-08-01
Status Active
Price $2,575,000
Type Residential Income
Subtype Apartment
Size of home 7,035 sq ft
Beds / Baths 2 / 2.00
Size of lot 36,151 sq ft
Neighborhood No development
Location address 44700 San Jacinto AVE
PALM DESERT 92260

Description


Built in 1988 to condo specs, the property consists of a collection of seven spacious 2-bedroom 2-bath apartment homes averaging roughly 1,000 square feet each with dual master suites, washer and dryer hookups, and assigned two car garages. The size of the floor plans, the amenities, the renovations completed and the location, have made these units easy to rent, attracted longer-term tenants and has continued to produced solid income. 44700 San Jacinto Avenue is a Pride of Ownership investment property, located in highly desired South Palm Desert. Within a 5-minute walk you will find the prestigious El Paseo Shopping District, known as the Rodeo Drive of the desert with public art pieces, upscale stores, boutiques, several dining establishments, and the host of the annual Palm Desert Food & Wine Festival and El Paseo Fashion Week. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio and more than 120 golf courses within the Coachella Valley are also easily accessible. The current ownership has immaculately maintained the property with several interior and exterior renovations completed over the years. Improvements include, a fully renovated pool area with BBQ s, a sun deck and chaise lounge area, drought tolerant landscaping, patios, colored concrete walkways with upscale LED lighting, new kitchens with quartz countertops, bathrooms, exterior paint to highlight the architectural features of the building and much more. This is a well located, excellent turn-key investment property for any type of investor or a 1031 Exchange replacement.

General Information

Original List Price $2,575,000
Price Per Sq/Ft $366
Furnished No
Land Type Fee
Land Lease Expires N/A
Community Features Curbs, Sidewalks, Storm Drains, Suburban
Pool Yes
Pool Description Fenced, In Ground, Private
Spa No
Year Built 1988
Laundry Inside
Fireplace No
Heating Type Central
Parking Spaces 14

Courtesy of: Ignacio Diaz Jr. / Investment Capital Real Estate

Other homes in No development