1777 E Arenas Rd - Apartments FOR SALE


Palm Springs, CA 92262- Sunrise Park
$1,800,000 USD
760-902-1705
1777 E Arenas Rd, Palm Springs, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/21
null | 7.3% Cap Rate

1777 E Arenas Rd
Palm Springs, CA 92262
Sunrise Park


HIGHLIGHTS

  • Centrally located, well-maintained, Mid-Century style, multi-family property.
  • In-ground community pool.
  • On-site coin-op laundry.
  • Close proximity to retail shops and restaurants.
  • Close to parks, library, senior center, and farmer's market.

OVERVIEW

Well maintained mid-century, 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios and off-street parking. A central courtyard pool with mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units, with tenants covering their own heating and cooling costs. There's also an on-site, owned coin-operated laundry and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. With stable tenancies and strong rental upside, this property is a solid investment in a high-demand area. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Pro forma income: approx. $14,700/month or $176,400 annually. With 2 units delivered vacant at closing and calculated at proforma, monthly income is $9,875. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Owner's unit on lockbox, other interior inspections with accepted offer.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

7

PRICE/UNIT

$257,143

CAP RATE

7.3%

% 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 Policy.