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 $4,995,000. 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 317 days.
Features of 225 E Avenida Palmera
| MLS® # | 22182577 |
|---|---|
| Price | $4,995,000 |
| 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 | Covered, Carport, Detached Carport, On Street, Uncovered |
| Garages | Covered, Carport, 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, Oven, Refrigerator |
| 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 | 317 |
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Land Type | Fee |
Listing Details
| Agent | James Gault |
|---|---|
| Office | Compass |