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