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Overview

MLS # OC24250471MR
Listed on 2024-12-16
Status Active
Price $4,250,000
Type Residential Income
Subtype Apartment
Size of home 15,503 sq ft
Beds / Baths 3 / 3.00
Size of lot 45,302 sq ft
Neighborhood No development
Location address 73600 San Gorgonio WAY
PALM DESERT 92260

Description


Palm Desert Garden Apartments is a 25-unit multifamily investment property located at 73600 San Gorgonio Way, Palm Desert, CA. Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking. Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartments location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities. The property s desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments.

General Information

Original List Price $4,500,000
Price Per Sq/Ft $274
Furnished No
Land Type Fee
Land Lease Expires N/A
Community Features Curbs, Gutters, Sidewalks
Pool Yes
Spa No
Year Built 1964
Laundry None
Fireplace No
Heating Type Central
Parking Spaces 17

Courtesy of: Tyler Leeson / Marcus & Millichap RE Invest

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