Listed by James Gault with Compass

225 E Avenida Palmera

Palm Springs, CA, 92264

$5,495,000

$311 per ft²
$5,495,000
$311 per ft²
Active
Active
 - For Sale
beds
26 Beds
baths
30 Baths
carpenters-square
17,654 ft²
property_type
Multi-family
calendar
Built 1976
An unmatched investment opportunity in an incredible south Palm Springs location. 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.
MLS® ID:
22182577
Listed:
7/26/22
Updated:
3/28/23
Compass
Douglas Turold
Mobile: (760) 464-8850Email: douglas.turold@compass.com

Interior Features

Kitchen Appliances
Dishwasher, Microwave, Oven, Refrigerator
Total Bedrooms
26
Total Bathrooms
30
Interior Features
Ceiling Fan(s)
Laundry Description
Common Area
Fireplace
None
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.93 acres lot
Exterior Features
Enclosed
Architectural Style
Spanish
Lot Details
Lawn, Landscaped
Sewer
Sewer Tap Paid

Other Property Details

Area Name
334 - South End Palm Springs
Garage
No
Parking
Covered, Carport, Detached Carport, On Street, Uncovered
Parking Total
26.0
View
Y
County
Riverside
Water Source
Public
Pool
Yes
Pool Description
Filtered, In Ground
Total Stories
2
Zoning
R3
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
2/24/23
Price Change
$5,495,000
-6%

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/23 at 8:04 AM UTC

Compass
Douglas Turold
Mobile: (760) 464-8850Email: douglas.turold@compass.com
Contact