73170 Tumbleweed Ln, Palm Desert, CA 92260
16 Unit Apartment Building | $3,195,000 ($199,688/Unit) | 4.03% Cap Rate | Palm Desert, CA 92260
For Sale
Active
Asking Price $3,195,000
- Property Type
-
Multifamily
- Square Feet
- 9,376 SF
Listing Contacts
Angelo La Bruna
James V. Carter
Property 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.
Property Details
- Class
- C
- Year Built
- 1970
- Stories
- 1
- Lot Size (sq. ft)
- 27,878 SF
- Units
- 16
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
Nearby Properties
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