Jose Espinoza
OZA Realty
760-777-6622
Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.
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Total Baths: 0
Roof : Composition,Flat
Property Appliances: Water Heater
Zoned
Air Conditioning
Zoned
Has Heating
Has Fireplace: 0
Year Built: 1972
Roof: Composition,Flat
Slab
Community,In Ground
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1
Lot Size Source: Appraiser
Lot Size Square Feet: 43560
Original List Price: 4,100,000
Listing Contract Date: 2024-05-17
Listing Agreement: Exclusive Right To Sell
Parcel Number: 627311034
Annual Tax: 40207
Garage Description: Assigned,Community Structure
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 323 - South Palm Desert
Directions: Please refer to GPS
Source Property Type: Residential Income
Area: 323 - South Palm Desert
Property Age: 52
Year Built Source: Assessor
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
44530 San Pablo Ave., Palm Desert, CA,92260 | $260,000 | -- | -- | -- | 20038 Sqft |
Land, Palm Desert, CA,92260 | $695,000 | -- | -- | -- | 176418 Sqft |
73385 Shadow Mountain D.., Palm Desert, CA,92260 | $1,449,000 | 6 | -- | 4,114 | 13504 Sqft |
73850 Fairway Drive #8, Palm Desert, CA,92260 | $235,000 | -- | -- | 513 | 436 Acres |
142 Sandpiper Street, Palm Desert, CA,92260 | $4,700 | 2 | 1 | 1,012 | 1742 Sqft |
1202 Sandpiper Street, Palm Desert, CA,92260 | $6,800 | 2 | -- | 1,531 | 2178 Sqft |
47157 El Menara Circle, Palm Desert, CA,92260 | $7,500 | 3 | 1 | 2,140 | 4356 Sqft |
47128 El Menara Circle, Palm Desert, CA,92260 | $7,500 | 2 | 1 | 2,068 | 3920 Sqft |
41 Camino Arroyo Place, Palm Desert, CA,92260 | $6,800 | 3 | 2 | 1,821 | 3485 Sqft |
48862 Owl Lane, Palm Desert, CA,92260 | $8,000 | 3 | 3 | 1,803 | 2178 Sqft |
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ByOwner last updated this listing 06/16/2024 @ 03:24
MLS: 219111667DA
LISTED BY: Jose Espinoza, OZA Realty
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.