225 Avenida Palmera, Palm Springs, CA, 92264

225 Avenida Palmera, Palm Springs, CA, 92264 < >
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for sale
$5,895,000
Lot Size:0.93 Acres
Year Built:1976
Status:Active
MLS #:22182577
Date Updated:
For information contact:
CENTURY 21 MASTERS - Diamond Bar
(909) 595-5597
Get More Information
Go See This Property
An unmatched investment opportunity in an incredible south Palm Springs location. This Spanish Hacienda style apartment complex, dubbed Casa de Palmera, comprises three separate buildings totaling 18 units on nearly an acre in Tahquitz River Estates. It's rare that a property of this caliber and potential becomes available in Palm Springs. All units are equipped with central AC, full appliance suites, oversized living spaces and bedrooms, and many units have one or two large private patios. All tenants are month-to-month and many are long-term residents. Unit Breakdown: four - 2BR/2.5BA two-story townhouses, four - 2BR/2BA single-level units, four - 1BR/1BA single-level units, and six - 1BR/1BA single-level "casita" units with no unit above. All units are currently below market rents. Other property highlights include: outstanding mountain views, lush green spaces, close proximity to public transportation, food, grocery, financial institutions, and downtown Palm Springs, owned laundry facilities, and abundant value-add opportunities.
Interior Details
Fireplace Features: NoneInterior Features: Ceiling Fan(s)
Levels: Multi/SplitStories Total: 2

Exterior Details
Architectural Style: SpanishLot Features: Lawn, Landscaped
Lot Size Acres: 0.9300Number Of Buildings: 3
Number Of Units Total: 18Parking Features: Carport, Detached Carport, Covered, Street, Uncovered
Parking Total: 26.00Pool Features: In Ground, Filtered
Spa Features: Heated, In GroundView: Park/Greenbelt, Mountain(s)

Community Information
County Or Parish: RiversideDirections: Heading south on Palm Canyon Dr, turn left onto E Avenida Palmera. 225 E Avenida Palmera is the first non-commercial building on your right.
MLS Area Major: 334 - South End Palm SpringsParcel Number: 508345005
Subdivision Name: Tahquitz River EstatesZoning: R3

Property Information From MLS Data
Year Built: 1976

Utilities
Cooling: Central AirHeating: Central

Listing Information Courtesy of:
List Agent First Name: James
List Agen tLast Name: Gault
List Office Name: Compass

Walk Score® for 225 Avenida Palmera
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Monthly Payment for 225 Avenida Palmera
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$5,895,000
Down Payment:
Loan Amount:$4,716,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of James Gault, Compass

Information obtained from CACRMLS is current as of 2/6/2023 8:13 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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