Coldwell Banker Commercial Lyle & Associates is pleased to offer for sale the fee simple interest in 508 Desert View Drive, a well-maintained five-unit apartment complex located in a highly desirable Palm Springs Area. Built in 1960, the property features a mix of four studio units and one two-bedroom, two-bathroom unit. Additionally, the property offers shared laundry facilities, a swimming pool, and five on-site parking spaces.
This prime property is ideally situated just 0.3 miles from Palm Springs International Airport and only 2.5 miles from downtown Palm Springs, offering convenient access to key amenities and transportation hubs.
The property is currently 100% occupied, with all tenants on month-to-month leases. There is significant upside potential in the property due to its current below-market rents, presenting a unique opportunity for value-add investors.