1777 E Arenas Rd - Apartments FOR SALE


Palm Springs, CA 92262- Sunrise Park
$1,295,000 USD
760-902-1705
1777 E Arenas Rd, Palm Springs, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/35
null | 7.15% Cap Rate

1777 E Arenas Rd
Palm Springs, CA 92262
Sunrise Park


HIGHLIGHTS

  • Close to downtown, area shopping, farmer's market, parks, and library. Mid-century building with upgrades that preserve original details.

OVERVIEW

Well-maintained 7-unit mid-century property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.5 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units have individual rooftop HVAC package units (tenants pay their own heating and cooling costs.) On-site coin-op laundry and a total of 9 parking spaces. Six of the seven units have been updated preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Owner's unit to be delivered vacant. Monthly income (1 unit @pro-forma of $1700) is approximately $10,305 monthly, $123,660 annually. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Easy to show owner's unit with short notice.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,000

CAP RATE

7.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

R2

APN/PARCEL ID

502-163-005

ASK ABOUT THIS PROPERTY

Stephen SullivanColdwell Banker RealtyMore Info
760-902-1705

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Stephen SullivanColdwell Banker RealtyMore Info
760-902-1705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.