Palm Springs, CA 92264,225 E Avenida Palmera
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Palm Springs, CA 92264,225 E Avenida Palmera
Palm Springs, CA 92264,225 E Avenida Palmera
Palm Springs, CA 92264,225 E Avenida Palmera
Palm Springs, CA 92264,225 E Avenida Palmera

$4,000,000

Est. payment /mo

$4,725,000

15.3%
Est.Price: ?

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225 E Avenida Palmera Palm Springs, CA 92264

26 Beds

30 Baths

15,973 SqFt

SOLD DATE : 01/22/2024

Key Details

Sold Price $4,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 15,973 sqft

Price per Sqft $250

Subdivision Tahquitz River Estates

MLS Listing ID 22182577

Sold Date 01/22/24

Bedrooms 26

HOA Y/N No

Year Built 1976

Lot Size 0.930 Acres

Property Description

SELLER FINANCING IS AVAILABLE - INQUIRE FOR TERMS. This Spanish Hacienda style apartment complex, dubbed Casa de Palmera, comprises three separate buildings totaling 18 units on nearly an acre in Tahquitz River Estates. It's rare that a property of this caliber and potential becomes available in Palm Springs. All units are equipped with central AC, full appliance suites, oversized living spaces and bedrooms, and many units have one or two large private patios. All tenants are month-to-month and many are long-term residents. Unit Breakdown: four - 2BR/2.5BA two-story townhouses, four - 2BR/2BA single-level units, four - 1BR/1BA single-level units, and six - 1BR/1BA single-level "casita" units with no unit above. All units are currently below market rents. Other property highlights include: outstanding mountain views, lush green spaces, close proximity to public transportation, food, grocery, financial institutions, and downtown Palm Springs, owned laundry facilities, and abundant value-add opportunities.

Location

State CA

County Riverside

Area 334 - South End Palm Springs

Zoning R3

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Oven, Refrigerator

Laundry Common Area

Exterior

Garage Covered, Carport, Detached Carport, On Street, Uncovered

Pool Filtered, In Ground

View Y/N Yes

View Park/Greenbelt, Mountain(s)

Porch Enclosed

Attached Garage No

Total Parking Spaces 26

Building

Lot Description Lawn, Landscaped

Story 2

Entry Level Multi/Split

Foundation Slab

Sewer Sewer Tap Paid

Water Public

Architectural Style Spanish

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 508345005

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by James Gault • Compass
Bought with James Gault • Compass

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

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