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73170 Tumbleweed Ln, Palm Desert, CA 92260

Commercial property · 2 recorded sales since 2024

73170 Tumbleweed Ln, Palm Desert, CA 92260 Sold December 2024 CRMLS
$2,750,000Sold December 2024

Listing Agent: Angelo La Bruna (DRE #01991625) · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Angelo La Bruna · Apartment Realty Group (ARG) · MLS #240012683SD · Source: CRMLS

16
Units
4.03%
Cap Rate
$128,964
NOI
Commercial property
Type

About this commercial property

The Pines Apartments represents an extremely well-located, value-add apartment complex adjacent to El Paseo in Palm Desert, CA. The property consists of sixteen (16) 1Bedroom/1Bathroom 586 sq ft single-level apartment units, and sits on a 27,878 sq ft parcel. Property amenities include a common area laundry facility, gated community pool, private patios, air conditioning, and sixteen (16) covered surface parking spots. The Pines Apartments offers an investor 45% upside in rents in a fantastic Palm Desert location adjacent and walking distance to El Paseo.

Listing description from the December 2024 sale, as reported to CRMLS.

Sale history

$2,750,000
Sold December 2024 · listed $3,195,000, on market June 2024 · MLS #240012683SD · Source: CRMLS
Listing Agent: Angelo La Bruna · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Angelo La Bruna · Apartment Realty Group (ARG)
$2,750,000
Sold December 2024 · listed $3,195,000, on market June 2024 · MLS #219112501DA · Source: CRMLS
Listing Agent: James Carter · Listing Office: Apartment Realty Group, Inc · Contact: (619) 222-9500 · Bought with: James Carter · Apartment Realty Group, Inc
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