$4,725,000
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225 E Avenida Palmera Palm Springs, CA 92264
26 Beds
30 Baths
15,973 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,973 sqft
Price per Sqft $250
Subdivision Tahquitz River Estates
MLS Listing ID 22-182577
Style Spanish
Bedrooms 26
Year Built 1976
Lot Size 0.930 Acres
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.
Location
State CA
County Riverside
Area Palm Springs South End
Zoning R3
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Fireplaces Type None
Equipment Ceiling Fan, Dishwasher, Freezer, Refrigerator, Range/Oven
Laundry Community, Laundry Area
Exterior
Garage Carport, Carport Detached, Covered Parking, On street, Uncovered
Garage Spaces 26.0
Pool In Ground, Filtered
Waterfront Description None
View Y/N Yes
View Green Belt, Mountains
Roof Type Clay
Building
Lot Description Curbs, Lawn, Landscaped, Lot-Level/Flat, Sidewalks
Story 2
Foundation Slab
Sewer In Connected and Paid
Water District
Structure Type Stucco
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Compass