45900-45924 Highway 74 - Apartments FOR SALE


Palm Desert, CA 92260- South Palm Desert
$2,790,000 USD
626-241-0016
45900-45924 Highway 74, Palm Desert, CA for Sale
$2,790,000 USD
Apartments - FOR SALE
1/4
null | 3.77% Cap Rate

45900-45924 Highway 74
Palm Desert, CA 92260
South Palm Desert


HIGHLIGHTS

  • Charming 4 Single Family Rental assets is superb location in Palm Desert area, just off the famous El Paseo shopping district.
  • Current rent estimated 25% below market rates. A huge upside potential.
  • An ideal value added opportunity. The new owner can sell the homes individually at future fair market value.
  • Relatively newer construction. Great investment–especially for landlords looking to avoid the ongoing maintenance and repairs

OVERVIEW

Prime investment opportunity. 4 single family rental assets located in superb location in Palm Desert, just off the famous El Paseo Drive shopping district. Each unit has their individual assessor parcel number, 2 car attached garage and well designed courtyard with its built in spa. With the current rent estimated 25% below market rate, this investment offering an upside potential. The subject property located within the 6 units, well-kept, Serenity community. Built in 2007, this is a great investment, specially for landlord looking to avoid the ongoing maintenance and repairs.

FOR SALE DETAILS

PRICE

$2,790,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

4

PRICE/UNIT

$697,500

CAP RATE

3.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,630 SF

ZONING

-

APN/PARCEL ID

628-081-035,628-081-036,628-081-037,628-081-038

ASK ABOUT THIS PROPERTY

Joseph MuljanaPrestige Realty Group Inc.More Info
626-241-0016

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Joseph MuljanaPrestige Realty Group Inc.More Info
626-241-0016

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