73170 Tumbleweed Ln - Apartments FOR SALE


Palm Desert, CA 92260
$3,195,000 USD
858-247-1095
73170 Tumbleweed Ln, Palm Desert, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/9
null | 4.03% Cap Rate

73170 Tumbleweed Ln
Palm Desert, CA 92260


HIGHLIGHTS

  • Fantastic Palm Desert Location Adjacent to El Paseo
  • Walking Distance to Premium Shops and Restaurants
  • Value-Add Opportunity with 45% Upside in Rents
  • Singe-Level Units
  • Gated Community Pool
  • Amenities Include: Onsite Laundry Facility, Private Patios, 16 Surface Parking Spots, and Air- Conditioning

OVERVIEW

The Pines Apartments represents an extremely well-located, value-add apartment complex adjacent to El Paseo in Palm Desert, CA. The property consists of sixteen (16) 1Bedroom/1Bathroom 586 sq ft single-level apartment units, and sits on a 27,878 sq ft parcel. Property amenities include a common area laundry facility, gated community pool, private patios, air conditioning, and sixteen (16) covered surface parking spots. The Pines Apartments offers an investor 45% upside in rents in a fantastic Palm Desert location adjacent and walking distance to El Paseo.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

16

PRICE/UNIT

$199,688

CAP RATE

4.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pines Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

R3-4, Palm Desert

APN/PARCEL ID

627-232-007

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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