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.
| MLS # | 26874567PS |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1966 |
| Days On Site | 54 |
| Listing Provided By | Compass | Ty Nasief |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,139 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | R3 |
| Acreage | 0.17 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Refrigerator, Dryer, Washer |
| Parking Features | One Space, Side By Side, Uncovered |
|---|
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Desert |
| Zip Code | 92260 |
| Area | 322 North Palm Desert |
| Listing VS Median (in 92260) | |
Price: $749,000 low | high Med: $370,000 sqft: 2,139 low | high Med: 1,710 $ / sqft: $350 low | high Med: $216 On site: 54 low | high Med: 185 | |
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Desert |
| Zip Code | 92260 |
| Area | 322 North Palm Desert |
| Listing VS Median (in 92260) | |
Price: $749,000 low | high Med: $370,000 sqft: 2,139 low | high Med: 1,710 $ / sqft: $350 low | high Med: $216 On site: 54 low | high Med: 185 | |