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Key Details
Sold Price $2,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219112501DA
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 - South Palm Desert
Interior
Heating Wall Furnace
Flooring Carpet, Tile
Exterior
Parking Features Detached Carport
Pool Community, In Ground
Community Features Pool
View Y/N No
Roof Type Composition
Building
Story 1
Foundation Slab
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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Bought with James Carter • Apartment Realty Group, Inc