225 E Avenida Palmera
225 E Avenida Palmera
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Sold

225 E Avenida Palmera

225 E Avenida Palmera, Palm Springs, CA 92264

$4,000,000
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.

26
beds

30
baths

15,973 Sq.Ft. LIVING AREA

0.93 Acres lot

James Gault

James Gault

Features & Amenities

Interior

  • total bedrooms26
  • Total bathrooms30
  • Laundry room Common Area
  • Fireplace None
  • APPLIANCES Dishwasher, Microwave, Oven, Refrigerator
  • other interior Features Ceiling Fan(s)

Area & Lot

  • Status Sold
  • Living Area15,973 Sq.Ft.
  • Lot Area0.93 Acres
  • MLS® ID22182577
  • TypeResidential
  • YEAR BUILT1976
  • NeighborhoodPalm Springs
  • Architecture StylesSpanish
  • View DescriptionPark/Greenbelt, Mountain(s)

Exterior

  • STORIES2
  • water SourcePublic
  • PoolFiltered, In Ground
  • lot featuresLawn, Landscaped
  • parkingCovered, Carport, Detached Carport, On Street, Uncovered
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air
  • sewerSewer Tap Paid
  • SubstructureSlab

Financial

  • Sales Price$4,000,000
  • Zoning R3

Palm Springs

33.8303° N, 116.5453° W

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