Palm Desert, CA 92260,73655 Shadow Mountain DR
Palm Desert, CA 92260,73655 Shadow Mountain DR
Palm Desert, CA 92260,73655 Shadow Mountain DR
Palm Desert, CA 92260,73655 Shadow Mountain DR
Palm Desert, CA 92260,73655 Shadow Mountain DR
Palm Desert, CA 92260,73655 Shadow Mountain DR
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$3,869,250

$4,100,000

5.6%
Est.Price: ?

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Est. payment /mo

1 Acres Lot


SOLD DATE : 08/01/2024

Key Details

Sold Price $3,869,250

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219111667DA

Sold Date 08/01/24

HOA Y/N No

Year Built 1972

Annual Tax Amount $40,207

Lot Size 1.000 Acres

Property Description

Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.

Location

State CA

County Riverside

Area 323 - South Palm Desert

Interior

Heating Zoned

Cooling Zoned

Fireplace No

Appliance Water Heater

Exterior

Parking Features Assigned, Community Structure

Garage Spaces 1.0

Carport Spaces 1

Garage Description 1.0

Pool Community, In Ground

Community Features Pool

View Y/N Yes

View Mountain(s), Peek-A-Boo

Roof Type Composition,Flat

Total Parking Spaces 4

Private Pool Yes

Building

Lot Description 2-5 Units/Acre, Landscaped, Near Public Transit, Paved

Story 2

Entry Level Two

Foundation Slab

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 627311034

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jose Espinoza • OZA Realty
Bought with Jeff Stokes • Berkshire Hathaway HomeService
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