72805 Parkview Drive, Palm Desert, CA 92260
72805 Parkview Drive, Palm Desert, CA 92260
72805 Parkview Drive, Palm Desert, CA 92260
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Listed by Brian Gorman • College Park Realty
$8,499,000
Est. payment /mo
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4 SqFt
Price Dropped by $1.0M

72805 Parkview Drive Palm Desert, CA 92260

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Glenn Dormer

Glenn Dormer

+1(805) 660-0739

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 4 sqft

Price per Sqft $2,124,750

MLS Listing ID PW-25265610

Year Built 1989

Lot Size 3.700 Acres

Property Sub-Type Commercial/Residential

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are ALL BELOW MARKET VALUE. Every unit has central Air Conditioning and its own private 2-car detached garage. 2 car garages are currently included in the rents but could be used for additional rental income. The community has an additional 26 uncovered parking spaces for guest parking. Property is fully occupied with substantial rental upside. The community offers desirable shared features, including a sparkling pool, on-site laundry facilities, and well-maintained grounds. Gas, water, and trash are included, streamlining management and providing added value to residents. Ideally located to all things great in the desert and is in walking distance to the College of the Desert. This property consistently attracts long-term, reliable tenants. With unmatched features and steady tenant demand in a prime location, this is a standout investment opportunity with exceptional long-term potential. Impeccably maintained property with pride of ownership. Do not disturb occupants.

Location

State CA

County Riverside

Area 322 - Palm Desert North

Interior

Interior Features Formica Counters

Heating Forced Air

Flooring Carpet, Tile

Fireplaces Type Electric, Gas

Laundry Community

Exterior

Exterior Feature Lighting

Parking Features Garage, Garage Door Opener, Guest, Assigned

Garage Spaces 26.0

Pool Community

Community Features Sidewalks

Utilities Available Water Available, Electricity Connected, Natural Gas Connected, Phone Connected

View Y/N Yes

View Mountain(s), Desert

Building

Lot Description 26-30 Units/Acre

Sewer Public Sewer

NEARBY SCHOOL & BUSINESS

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Glenn Dormer

Glenn Dormer

Managing Partner | License ID: 01268924

+1(805) 660-0739

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72805 Parkview Drive