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73625-73665 Fred Waring Dr
Palm Desert, CA 92260 Outlying Palm Springs

$2,750,000 USD

Apartments For Sale  •  11,916 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,916 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1986
  • Cap Rate 4.52 %
  • Zoning R2SP
0 Transit Score
57 Walk Score

Highlights

Own a prime nine-unit apartment asset of three triplexes for cash or cash-to-an-existing loan at 73625-73665 Fred Waring Drive.
Ideal location, walkable to the Palm Desert Civic Park, McCallum Theatre, and College of the Desert, which enrolls about 12,500 students per year.
Largest apartments in the area, with a simple mix of two-bed, two-bath units, each with cathedral ceilings, private patio, garage, and carport.
Many retailers are a short drive away via State Route 111, including Trader Joe's, Best Buy, Target, Old Navy, Walmart Supercenter, and many more.
Built in 1986 and renovated in 2020, with all new roofs in 2024, Jeannie Niles Real Estate has expertly maintained this property.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $104,870 USD (2024)
Cap Rate: 4.52 %
Total Expenses: $98,086 USD

Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Vaulted Ceiling
  • Walk-In Closets
  • Yard
  • Patio

Public Transportation

AirportDriveWalkDistance
Palm Springs International 21 min - 11.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: OneCarGarage
Included in Rent: Yes
Jeannie Niles 760-766-2399 Jeannie Niles Real Estate Investment
Jeannie Niles 760-766-2399 Jeannie Niles Real Estate Investment