$2,750,000
$3,195,000
13.9%For more information regarding the value of a property, please contact us for a free consultation.
73170 Tumbleweed LN Palm Desert, CA 92260
0.64 Acres Lot
Key Details
Sold Price $2,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219112501DA
Sold Date 12/13/24
HOA Y/N No
Year Built 1967
Lot Size 0.640 Acres
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 323 - South Palm Desert
Interior
Heating Wall Furnace
Flooring Carpet, Tile
Fireplace No
Exterior
Parking Features Detached Carport
Carport Spaces 16
Pool Community, In Ground
Community Features Pool
View Y/N No
Roof Type Composition
Total Parking Spaces 32
Private Pool Yes
Building
Story 1
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 627232007
Security Features Resident Manager
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
Lease Land No
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Bought with James Carter • Apartment Realty Group, Inc