$4,500,000
For Sale

73600 San Gorgonio Way

Palm Desert, CA 92260
1.04 acres | #OC24250471
Listing OfficeMarcus & Millichap RE Invest
Browse 18 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

Palm Desert Garden Apartments is a 25-unit multifamily investment property located at 73600 San Gorgonio Way, Palm Desert, CA. Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking. Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartments’ location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities. The property’s desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments.

  • Property Details
      • Property TypeMulti-Family
      • Lot DescriptionStreetLevel
      • Sewer InformationPublicSewer
      • Original List Price$4,500,000
      • MLS #OC24250471
      • MLS #OC24250471
      • CountyRiverside
      • Property SubtypeApartment
      • Cost4500000
      • Utility SourcePublic
      • SubdivisionOther
      • Acres1.04
      • Year Built1964
      • Stories1

Location

Mirvat KhouryReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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