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20991666
20991673

73600 San Gorgonio Way, Palm Desert, CA 92260

TL
CA CA 01451551
Marcus & Millichap - Orange County
NK
CA 02008945
Marcus & Millichap - Orange County
AG
CA 01072982
Marcus & Millichap - Inland Empire
Listed by Marcus & Millichap - Orange County, Marcus & Millichap - Inland Empire
Unpriced
555 days on market
Updated 57 days ago
Under Contract

Palm Desert Garden Apartments

Details
APN 627-142-017
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,503
Net Rentable (SqFt) 15,503
Units 25
Year Built 1964
Buildings 7
Stories 1
Acreage 1.040
Ownership Fee Simple

7% CAP Rate on Market Rents

Marketing description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Palm Desert Garden Apartments, a 25-unit multifamily investment property located in 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.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

Investment highlights

» Offers a Mix of Studio, One-, & Two-Bedroom Floor Plans

» Highly Desirable Single-Story Construction

» Private Patios (Select Units) | Swimming Pool & Spa | Storage Sheds

» 17 Surface Spaces & Ample Street Parking

» Within Walking Distance to a Plethora of Retail, Dining, & Entertainment Options Along the Highway 111 Retail Corridor

» Moments Away from College of The Desert, Attracting a Diverse Renter Pool

» In Close Proximity to a Multitude of Golf Courses & Parks, Providing Residents Convenient Access to Outdoor Activities

» Convenient Access to Highway 111, Connecting Residents to Local Amenities Such as Resorts & Casinos

Listing Contacts

TL
CA CA 01451551
Marcus & Millichap - Orange County
NK
CA 02008945
Marcus & Millichap - Orange County
AG
CA 01072982
Marcus & Millichap - Inland Empire
Listed by Marcus & Millichap - Orange County, Marcus & Millichap - Inland Empire

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$203,569.00
$16,964.08/mo

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Additional Information

Name
Tyler Leeson
License
CA 01451551
Brokerage Phone
7147139086
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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