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73170 Tumbleweed Ln

Palm Desert, CA 92260
  • $3,195,000
  • STATUS: Pending
  • ON SITE: 158 Days
  • ID#: 240012683SD
Pending
UPDATED: 79 min ago
$3,195,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Angelo La Bruna of Apartment Realty Group (ARG) (619-222-9500)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-11T18:30:19.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/151346199
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73170 Tumbleweed Ln Palm Desert, CA 92260

  • Price: $3,195,000
  • Status: Pending
  • On Site: 158 Days
  • Updated: 79 min ago
  • ID#: 240012683SD
0
Beds
0
Baths
0
½ Baths
N/A
Acres
County:
Riverside
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.
Exterior Features

Carport Spaces 16 Carport YN Yes Parking Total 16

Interior Features

Cooling YN Yes Heating YN No

Property Features

Association Fee 0 Cap Rate 4.03 Gross Scheduled Income 225792 Listing Agreement Exclusive Right To Sell Net Operating Income 128964 Operating Expense 87249 Property Sub Type Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-11T18:30:19.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Angelo La Bruna of Apartment Realty Group (ARG) (619-222-9500)