73170 Tumbleweed Lane Palm Desert, CA 92260
Pending
$3,195,000
16 Units
16 Beds
16 Baths
9,376 Area(sq.ft.)
27,878 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 219112501DA |
| Days On Market: | 52 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 341 |
| Price per unit: | $ 199,688 |
| Year Built: | 1967 |
Property Details
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.Interested in this Listing?
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Income Details
| Net Operating Income: | $ 128,964 |
| Cap Rate: | 4.04% |
| Actual Gross Rent: | $ 225,792 |
| Actual Rent Total: | $ 225,792 |
Structure
| Levels: | One |
| Security Features: | Resident Manager |
| Sewer: | Assessments |
| Water: | Water District |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Carport Detached, Detached |
| Covered Parking: | 16 |
| Total Parking: | 32 |
Interior
| AC/Cooling: | Air Conditioning |
| Heating: | Wall |
| Laundry Income: | 1800.00 |
Exterior
| Pool: | True |
| Pool Description: | Community, In Ground |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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