Sunset Palms Apartments Multi-Family FOR SALE


Palm Springs, CA - Uptown Palm Springs
$3,500,000 USD
714-604-6608
, Palm Springs, CA for Sale
$3,500,000 USD
Multi-Family - FOR SALE
1/16
null | 5.5% Cap Rate

Sunset Palms Apartments
Palm Springs, CA
Uptown Palm Springs


HIGHLIGHTS

  • Excellent Location Near Downtown Palm Springs, The Movie Colony, Old La Palmas, and Palm Springs International Airport
  • Attractive Unit Mix Consisting of Studios, 1, and 2-Bedroom Units
  • Property Consists of Three Individual Side-By-Side Parcels
  • 5.5% Cap on Current, 8.2% With Market Rents

OVERVIEW

Triqor Group is pleased to present Sunset Palms Apartments, a well-maintained 24-unit apartment community located in Palm Springs, CA. The property offers an attractive unit mix consisting of spacious studios, one-bedroom, and two-bedroom units across three side-by-side individual parcels. Most units have been extensively upgraded with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless steel sinks, and new dual pane windows and sliding glass doors. Community amenities feature two sparkling swimming pools within gated courtyards, new ductless mini split air heating and air conditioning systems, and ample open parking. Sunset Palms offers an exceptional value-add investment opportunity with approximately 28% upside in rental income. The property is currently generating a 5.5% cap rate on in-place rents, with the potential to achieve an 8.2% cap rate as rents are brought to market, providing investors with a clear path to increased cash flow and long-term appreciation.

ASK ABOUT THIS PROPERTY

Ryan LoriaTriqor GroupMore Info
714-604-6608

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Ryan LoriaTriqor GroupMore Info
714-604-6608

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