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44700 San Jacinto Avenue, Palm Desert, CA 92260

$2,575,000
Property Type: Residential Income Square Footage: 7,035 Lot Size (sq. ft.): 36,151 Status: Active
Current Price: $2,575,000 List Date: 8/01/2024 Last Modified: 1/24/2025

Description

44700 San Jacinto Avenue is a Pride of Ownership investment property, located in highly desired South Palm Desert. Within a 5-minute walk you will find the prestigious "El Paseo Shopping District," known as the Rodeo Drive of the desert with public art pieces, upscale stores, boutiques, several dining establishments, and the host of the annual Palm Desert Food & Wine Festival and El Paseo Fashion Week. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio and more than 120 golf courses within the Coachella Valley are also easily accessible. The current ownership has immaculately maintained the property with several interior and exterior renovations completed over the years. Improvements include, a fully renovated pool area with BBQ's, a sun deck and chaise lounge area, drought tolerant landscaping, patios, colored concrete walkways with upscale LED lighting, new kitchens with quartz countertops, bathrooms, exterior paint to highlight the architectural features of the building and much more. Built in 1988 to condo specs, the property consists of a collection of seven spacious 2-bedroom 2-bath apartment homes averaging roughly 1,000 square feet each with dual master suites, washer and dryer hookups, and assigned two car garages. The size of the floor plans, the amenities, the renovations completed and the location, have made these units easy to rent, attracted longer-term tenants and has continued to produced solid income. This is a well located, excellent turn-key investment property for any type of investor or a 1031 Exchange opportunity.

Supplements: ********

More Information MLS# NP-24158212

Listing Location and Property Info

Status: Active Listing Date: 2024-08-01 Original List Price: 2575000 List Price: $2,575,000 Current Price: $2,575,000 Property Sub-Type: Apartment Street #: 44700 Street Name: San Jacinto Street Suffix: Avenue County: Riverside State: CA Zip Code: 92260 Area: 322 - Palm Desert North Subdivision: Other

General Property Information

Approx SqFt: 7035 Lot Acres: 0.83 Lot Size: 36151 Lot Size Source: Assessor Year Built: 1988

Parking SpacesInformation

Total Garage Spaces: 14 Total Parking Spaces: 14

Property Features

Levels: One Heating: Central
Listing Office: Investment Capital Real Estate
Listing Agent: Ignacio Diaz Jr.
Last Updated: January - 24 - 2025
Information deemed reliable but not guaranteed.

 

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