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74380 El Camino
Palm Desert, CA 92260 Outlying Palm Springs

$8,950,000 USD

Apartments For Sale  •  22,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 22,200 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1963
  • Zoning R304M
0 Transit Score
81 Walk Score

Highlights

Boasts an impressive ProForma CAP rate of 14.33%, reflecting potential of operating complex as a short-term Airbnb or hotel project.
This property is grandfathered, allowing existing short-term rentals (STRs) to continue operating despite location or exceeding the 20% cap.
Updated Units - Walking distance from renowned El Paseo Shopping District & fine dining.
The Palm Desert area is a premier year-round destination, attracting travelers from around the world.
Twenty Two (22) condominium units priced at $5,200,000 / $236,364/unit. & Fifteen (15) condominium units priced at $3,750,000 / $250,000/unit.
Units are currently vacant. Property is fully condomapped. Updated Interiors / Updated Exteriors

Amenities

  • Air Conditioning
  • Courtyard
  • Laundry Facilities
  • Pool
  • Furnished Units Available
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Views
  • Patio
  • Vinyl Flooring

Public Transportation

AirportDriveWalkDistance
Palm Springs International 24 min - 13.2 mi
Anthony Le 714-423-3819 Le Investment Group
Anthony Le 714-423-3819 Le Investment Group