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74380 El Camino
Palm Desert, CA 92260 Coachella Valley

$7,410,000 USD

Apartments For Sale • 22,200 SF

Property Details

Property Type Apartments
Total Building Size 22,800 SF
Lot Size 0.25 AC
Building Class C
Year Built 1963
Zoning R304M

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Palm Desert opportunity: 38 of 52 condo units, 73% majority ownership of the entire community, in a highly desirable year-round tourism destination.
                            
                                38 fully renovated, furnished and turnkey condos in the heart of Palm Desert, with all FF&E included and approximately $50,000 invested per unit.
                            
                                Strong day-one cash flow with a 9.00% CAP, plus significant upside to a 13.36% proforma CAP and a per unit basis 15%–30% below nearby condo sales.
                            
                                Renovated interiors and upgraded major common-area infrastructure, with additional aesthetic repositioning upside and multiple exit strategies through
                            
                                Prime Palm Desert location near El Paseo, with a $237 proforma ADR and significant peak-season upside driven by major events and year-round tourism.
                            
                                Fully condo-mapped. $575/Unit/Month HOA dues cover water, internet, common area insurance, exterior maintenance, pool & landscaping

Amenities

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

Public Transportation

Airport	Drive	Walk	Distance
Palm Springs International	24 min	-	13.2 mi

Anthony Le 714-423-3819 Le Investment Group

74380 El Camino Palm Desert, CA 92260 Coachella Valley

$7,410,000 USD

Property Details

Highlights

Amenities

Public Transportation

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74380 El Camino
Palm Desert, CA 92260 Coachella Valley