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40235 Harris LN Palm Desert, CA 92211
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Key Details
Sold Price $5,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 24,360 sqft
Price per Sqft $225
Subdivision Monte Vista Townhomes
MLS Listing ID CV24155855MR
Bedrooms 2
Year Built 1981
Lot Size 3.290 Acres
Property Description
We are proud to present an exceptional opportunity to acquire the Monta Vista Townhomes, a meticulously well kept 24-Unit multifamily property situated between Country Club Drive and Washington Street on 40235 Harris Lane in the city of Palm Desert. With each unit having its own individual parcel number, this property has 24,360 of rentable SF and is situated on a generous 143,312 SF lot. Property is eligible for short term rental permits and is located in the R-3 Zone. Palm Desert boasts sunshine most of the year creating consistent demand for rentals due to the steady influx of residents. 40235 Harris Lane offers a central location with convenient access to public transportation and the 10 Freeway, in addition to a variety of retail centers, high-end restaurants, shops and resorts catering to diverse needs and providing excellent entertainment options for residents. The desirable Monta Vista Townhomes feature large, open-style floor plans with upgraded fully equipped kitchens with stainless steel appliances, modern fixtures, vertical blinds, central AC/heating, washer and dryer hook-ups, private patios and a combination of stylish plank wood and carpet flooring throughout. The property boasts a combination of desert and lush landscaping with lovely mountain views, covered carport parking, laundry facilities, private dog park, tennis court and a luxury resort style pool and spa. The Monta Vista Townhomes is a stable income-producing asset in the Coachella Valley, promising a strong return on investment. Whether you re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Location
State CA
County Riverside
Area Palm Desert North
Interior
Heating Central
Cooling Central
Laundry Electric Dryer Hookup, Hookup - Electric, Washer Hookup
Exterior
Garage Spaces 26.0
Community Features Curbs, Sidewalks
Building
Story 2
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard
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Bought with CB RICHARD ELLIS