72805 Park View Dr - Apartments FOR SALE


Palm Desert, CA 92260- Outlying Palm Springs
$9,999,999 USD
562-668-2390
72805 Park View Dr, Palm Desert, CA for Sale
$9,999,999 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

72805 Park View Dr
Palm Desert, CA 92260
Outlying Palm Springs


HIGHLIGHTS

  • 6 buildings, 26 units, (1) 3 bedroom, 2 bath, (21) 2 bedroom, 2 bath, (4) 2 bedroom, 1 bath , single story, every unit has a 2 car garage
  • on site laundry, pool, central air conditioning, separate meters, beautifully landscaped
  • walking distance to The College of the Desert, close to shopping.

OVERVIEW

Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are ALL BELOW MARKET VALUE. Every unit has central Air Conditioning and its own private 2-car detached garage. The community has an additional 26 uncovered parking spaces for guest parking. Property is fully occupied with substantial rental upside. The community offers desirable shared features, including a sparkling pool, on-site laundry facilities, and well-maintained grounds. Gas, water, and trash are included, streamlining management and providing added value to residents. Ideally located to all things great in the desert and is in walking distance to the College of the Desert. This property consistently attracts long-term, reliable tenants. With unmatched features and steady tenant demand in a prime location, this is a standout investment opportunity with exceptional long-term potential. Impeccably maintained property with pride of ownership. Do not disturb occupants.

FOR SALE DETAILS

PRICE

$9,999,999 USD

PRICE/SF

$393 USD /SF

# OF UNITS

26

PRICE/UNIT

$384,615

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park View Garden Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

PARKING SPACES

52

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

Apartment

APN/PARCEL ID

640-063-018

ASK ABOUT THIS PROPERTY

Brian GormanRE/MAX College Park RealtyMore Info
562-668-2390

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Brian GormanRE/MAX College Park RealtyMore Info
562-668-2390

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