225 E Avenida Palmera, Palm Springs, CA

Active

$5,895,000

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17,654

Square feet

0.93

Acres

Listing Agent
James Gault - Compass

About 225 E Avenida Palmera

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.

225 E Avenida Palmera is a Residential Income property for sale. This Residential Income property is on Fee land and the current price is $5,895,000. This property has 0 bedrooms and 0.00 bathrooms and it was built in 1976. 334 - South End Palm Springs property has been listed on www.geoffreymoore.com for 185 days.

Features of 225 E Avenida Palmera

MLS® # 22182577
Price $5,895,000
HOA Fees 0.00
Bathrooms 0.00
Square Footage 17,654
Acres 0.93
Year Built 1976
Type Residential Income
Style Spanish
Status Active

Community Information

Address 225 E Avenida Palmera
Area 334 - South End Palm Springs
Subdivision Tahquitz River Estates
City Palm Springs
County Riverside
State CA
Zip Code 92264

Amenities

Parking Spaces 26
Parking Carport, Covered, Detached Carport, On Street, Uncovered
Garages Carport, Covered, Detached Carport, On Street, Uncovered
View Park/Greenbelt, Mountain(s)
Is Waterfront No
Has Pool Yes
Pool Filtered, In Ground

Interior

Interior Features Ceiling Fan(s)
Appliances Dishwasher, Microwave, Refrigerator, Oven
Heating Central
Cooling Central Air
Has Basement No
Fireplace Yes
Fireplaces None
# of Stories 2
Stories Multi/Split

Exterior

Exterior Stucco
Lot Description Lawn, Landscaped
Construction Stucco
Foundation Slab

Additional Information

Date Listed July 27th, 2022
Days on Market 185
Zoning R3
Foreclosure No
Short Sale No
RE / Bank Owned No
Land Type Fee

Listing Details

AgentJames Gault
OfficeCompass

Listing Map

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