$2,750,000
$3,195,000
13.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/13/2024
Key Details
Sold Price $2,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240012683
Sold Date 12/13/24
Property Description
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.
Location
State CA
County Riverside
Area Riv Cty-Palm Desert (92260)
Exterior
Total Parking Spaces 16
Building
Story 1
Lot Size Range .5 through .75 Acres
Others
Space Rent $225,792
Financing Cash to New Loan
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Bought with Angelo Joseph La Bruna III • Apartment Realty Group (ARG)
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "