44700 Las Palmas AvenuePalm Desert, CA 92260
Riverside County
Description
Excellent investment opportunity in the heart of Palm Desert! This well-located triplex offers three spacious two-bedroom, one-bathroom units, each featuring in-unit laundry hookups, stainless steel appliances, separate utility meters, and dedicated parking. Situated on a quiet residential street just north of Highway 111, the property is conveniently located near the world-class shopping and dining of El Paseo, as well as the vibrant new San Pablo Avenue shopping and dining district, including its popular seasonal weekly farmers market. All three units are currently tenant-occupied and professionally managed, offering an investor the opportunity to acquire a stabilized income-producing property with approximately $59,000 in current annual gross rental income. With separate metering and established tenancy, this property offers an attractive combination of location, functionality, and investment potential in one of Palm Desert's most desirable areas. A great opportunity for investors seeking an income-producing multifamily property with potential for future upside.
Property Information
- Property type
- Residential Income
- Style
- MidCenturyModern
- Year built
- 1966
- Stories
- 1
- Living area
- 2,139 Sq Ft
- Lot size
- 0.17 acres
- Parking spaces
- 1
- Zoning
- R3
- Days on market
- 22
- MLS® Listing#
- 26874567PS
Property Features
- Appliances
- Dishwasher · Refrigerator · Dryer · Washer
- Cooling
- Central Air
- Heating
- Central
- Pool
- None
- Parking
- Side By Side
- Laundry
- Laundry Closet
- Patio
- Rear Porch
Financial Details
- HOA
- None
- Parcel number
- 627085011
Directions
From Hwy 111 head north onto Las Palmas Ave, the triplex will be on the right about one block down, just past San Gorgonio Way.
Listing Courtesy: Compass - 7603509253
Presented by: Ty Nasief
Licensed in the state of California.
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