225 E Avenida Palmera, Palm Springs, CA 92264
Tahquitz River Estates (click for neighborhood info)
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Sold
$4,000,000
Sold On 2024-01-22
Overview
MLS #
22-182577
Listed on
2022-07-27
Status
Sold
Price
$4,725,000
Type
Residential Income
Size of home
15,973 sq ft
Beds / Baths
26 / 30.00
Size of lot
40,511 sq ft
Neighborhood
Tahquitz River Estates
Location address
225 E Avenida Palmera
Palm Springs 92264
Palm Springs 92264
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.
General Information
Original List Price
$5,895,000
Price Per Sq/Ft
$296
Furnished
No
Land Type
Fee
Land Lease Expires
N/A
Pool
Yes
Pool Description
In Ground, Filtered
Spa
Yes
Spa Description
Heated, In Ground
Year Built
1976
Levels
Multi/Split
View
Green Belt, Mountains
Appliances
Oven, Microwave
Patio Features
Enclosed
Laundry
Community, Laundry Area
Fireplace
No
Heating Type
Central
Cooling Type
Central
Parking Spaces
26
Parking Type
Carport, Carport Detached, Covered Parking, On street, Uncovered
Courtesy of:
James Gault /
Compass
225 E Avenida Palmera