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73170 Tumbleweed LN Palm Desert, CA 92260
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Key Details
Sold Price $2,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,376 sqft
Price per Sqft $293
MLS Listing ID 219112501
Bedrooms 16
Full Baths 16
Year Built 1967
Lot Size 0.640 Acres
Property Description
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.
Location
State CA
County Riverside
Area 323 - Palm Desert South
Interior
Heating Wall Furnace
Cooling Air Conditioning
Exterior
Pool Community, In Ground
View Y/N false
Building
Story 1
Sewer Assessments
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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