Sold

225 E Avenida Palmera

Palm Springs CA, 92264

$4,725,000


$295.81 per sqft

Sold

26 Beds

30 Baths

15,973 sqft

Residential

Built in 1976

Listed by James Gault with Compass 760-350-9253

SELLER FINANCING IS AVAILABLE - INQUIRE FOR TERMS. 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.

22182577

MLS ID

July 27, 2022

Listed

February 16, 2024

Updated

Map

225 E Avenida Palmera
Palm Springs CA, 92264

Interior Features

Total Stories

2


Bedrooms

26 Beds


Bathrooms

30 Baths


Interior Features

Ceiling Fan(s)


Appliances

Dishwasher, Microwave, Oven, Refrigerator


Laundry Description

Common Area


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.93 Acres


Lot Features

Lawn, Landscaped


Architectual Style

Spanish


Sewer

Sewer Tap Paid

Other Property Details

Area Name

334 - South End Palm Springs


Days on Market

544


Garage

No


Parking

Covered, Carport, Detached Carport, On Street, Uncovered


Parking Total

26


View

Yes


View Description

Park/Greenbelt, Mountain(s)


County

Riverside


Water Source

Public


Pool

No


Pool Features

Filtered, In Ground


Zoning

R3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

1/23/2024

Price Change

$4,000,000

-16%

1/23/2024

Sold

8/16/2023

Price Change

$4,725,000

-6%

5/30/2023

Price Change

$4,995,000

-10%

Listing Contact: 760-350-9253 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:14 AM UTC

 

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