73600 San Gorgonio Way - Apartments FOR SALE


Palm Desert, CA 92260- Palma Village Groves
$4,500,000 USD
714-713-9086
73600 San Gorgonio Way, Palm Desert, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/17
null | 4.58% Cap Rate

73600 San Gorgonio Way
Palm Desert, CA 92260
Palma Village Groves


HIGHLIGHTS

  • Offers a Mix of Studio, One-, & Two-Bedroom Floor Plans
  • Highly Desirable Single-Story Construction
  • Private Patios (Select Units) | Swimming Pool & Spa | Storage Sheds | 17 Surface Spaces & Ample Street Parking
  • Within Walking Distance to a Plethora of Retail, Dining, & Entertainment Options Along the Highway 111 Retail Corridor
  • Moments Away from College of The Desert, Attracting a Diverse Renter Pool
  • In Close Proximity to a Multitude of Golf Courses & Parks, Providing Residents Convenient Access to Outdoor Activities

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Palm Desert Garden Apartments, a 25-unit multifamily investment property located in Palm Desert, CA. Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking. Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartments’ location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities. The property’s desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

25

PRICE/UNIT

$180,000

CAP RATE

4.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Desert Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

R3

APN/PARCEL ID

627-142-017

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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