225 Avenida Palmera

Palm Springs, CA 92264

$4,000,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $295 / sqft

1976

calendar_month Built

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.

Listing Information

Close Price $4,000,000
Close Date Monday, January 22nd, 2024
Status Closed
MLS 22182577
Type Residential Income
Year Built 1976
Lot Size 40,511
Structure Size N/A
DOM 544
Courtesy Of Compass
Listing Agent James Gault DRE#01985784

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: James Gault, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 23rd, 2024 at 11:05 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.