Active

225 E Avenida Palmera

Palm Springs CA, 92264

$4,725,000


$295.81 per sqft

Active

26 Beds

30 Baths

15,973 sqft

Multi-family

Built in 1976

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.

22-182577

MLS ID

July 27, 2022

Listed

October 24, 2023

Updated

Map

225 E Avenida Palmera
Palm Springs CA, 92264

Interior Features

Total Stories

2


Bedrooms

26 Beds


Bathrooms

30 Baths


Appliances

Oven, Microwave


Laundry Description

Community, Laundry Area


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.93 acres


Exterior Features

Stucco, None


Lot Features

Curbs, Lawn, Landscaped, Lot-Level/Flat, Sidewalks


Architectual Style

Spanish


Roof

Clay


Sewer

In Connected and Paid

Other Property Details

Days on Market

453


Garage

No


Parking

Carport, Carport Detached, Covered Parking, On street, Uncovered


Parking Total

26


View

Yes


View Description

Green Belt, Mountains


County

Riverside


Water Source

District


Pool

Yes


Pool Features

In Ground, Filtered


Zoning

R3

Courtesy of James Gault with Compass
Listing Contact: 310-621-7765 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Meagan Greene shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/24/2023

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