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73435 San Gorgonio Way, Palm Desert, CA 92260

Commercial property

73435 San Gorgonio Way, Palm Desert, CA 92260 Sold December 2023 CRMLS
$2,200,000Sold December 2023

Listing Agent: Brigitte Schroeder (DRE #01705827) · Listing Office: MJC Realty · Contact: 714-271-7322 · Bought with: Daniel Blackwell · CB Richard Ellis, Inc. · MLS #PW23213249 · Source: CRMLS

8,326
Building Sq Ft
10
Units
4.33%
Cap Rate
24,829 sqft
Lot Size
1988
Year Built
D
Zoning
Commercial property
Type

About this commercial property

Great investment opportunity in great location! This 10-unit Palm Desert apartment complex offers 2 bedroom, 2 bathroom units below market value. The property is being sold fully leased. It features desirable amenities including a gated pool, laundry room, and 10 two-car garages. The ground floor units have patios, and the second-floor units have private balconies. In addition, there is a mechanical room. This property is centrally located within 1/2 mile of dining & shops, including El Paseo.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$2,200,000
Sold December 2023 · on market November 2023 · MLS #PW23213249 · Source: CRMLS
Listing Agent: Brigitte Schroeder · Listing Office: MJC Realty · Contact: 714-271-7322 · Bought with: Daniel Blackwell · CB Richard Ellis, Inc.
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