17
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$7,410,000
Est. payment /mo
1 Bed
1 Bath
515 Sqft Lot
New
74380 El Camino Palm Desert, CA 92260
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision International Lodge (32316)
MLS Listing ID IV26208044
Bedrooms 1
Lot Size 515 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
HIGHLIGHTS: Palm Desert opportunity: 38 of 52 condo units, 73% majority ownership of the entire community, in a highly desirable year-round tourism destination. / 38 fully renovated, furnished and turnkey condos in the heart of Palm Desert, with all FF&E included and approximately $50,000 invested per unit. / Strong day-one cash flow with a 9.00% CAP, plus significant upside to a 13.36% proforma CAP and a per unit basis 15%30% below nearby condo sales. / Renovated interiors and upgraded major common-area infrastructure, with additional aesthetic repositioning upside and multiple exit strategies through / Prime Palm Desert location near El Paseo, with a $237 proforma ADR and significant peak-season upside driven by major events and year-round tourism. / Fully condo-mapped. $575/Unit/Month HOA dues cover water, internet, common area insurance, exterior maintenance, pool & landscaping. The offering consists of 38 of the 52 condominium units (approximately 73% of the entire project) located at 74380 El Camino in Palm Desert, California. This substantial concentration of ownership represents a unique opportunity to acquire a controlling majority of the units within a single project, providing investors with significant scale and the potential to benefit from future improvements and repositioning of the community. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, the city's premier shopping and entertainment destination. The surrounding area has evolved into an upscale district featuring approximately 150 boutiques, art galleries and resta
Location
State CA
County Riverside
Zoning Assessor
Direction Located On El Camino
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 625340006
Listed by ALBERT LE, DRE#01468313 LE INVESTMENT GROUP
NEARBY SCHOOL & BUSINESS
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