Thank you
David Crosta
Spalding & Associates
310-837-4176
Rare opportunity to purchase hard-to-replicate, newly-built 2017 compound comprised of 3 luxury estate homes in Central Palm Springs. A unique investment opportunity ideal for high-yield vacation rentals, medium/long term rentals, and 1031 exchanges, these 3 custom-built, gate-connected properties are on 3 fee-simple APNs. You own the land with no land lease. With a proven rental track record, each home is fully equipped with luxury amenities and modern systems and ready for immediate use. This compound not only offers immediate income potential but also positions investors well within a high-demand rental market. Neighborhood is currently under the vacation rental cap.
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Total Bedrooms : 16
Total Baths: 19
Full Baths: 0
Half Baths: 0
Sewer : Other
Interior Features: Ceiling Fan(s)
Property Appliances: Barbecue,Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Central Air
Air Conditioning
Central,Natural Gas
Has Heating
Year Built: 2017
Gated Community,Smoke Detector(s)
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.6887
Lot Size Source: Estimated
Lot Size Square Feet: 30000
Original List Price: 8,995,000
Listing Contract Date: 2024-04-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: UNAVAILABLE
Attached Garage: Yes
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 332 - Central Palm Springs
Directions: Compound is comprised of 3 adjacent homes between Park Drive and Belding Drive at Cerritos Road
Source Property Type: Residential Income
Area: 332 - Central Palm Springs
Property Age: 7
Common Walls: No Common Walls
Year Built Source: Estimated
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Santa Rosa, Palm Springs, CA,92262 | $2,000,000 | -- | -- | -- | 68389 Sqft |
979 Las Palmas Estates .., Palm Springs, CA,92262 | $4,195,000 | 4 | 5 | 3,400 | 14810 Sqft |
840 N Prescott Drive, Palm Springs, CA,92262 | $3,750,000 | 5 | 3 | 4,867 | 23087 Sqft |
LOT 99 Overture Drive, Palm Springs, CA,92262 | $75,900 | -- | -- | -- | 7405 Sqft |
999 W Panorama Road, Palm Springs, CA,92262 | $1,150,000 | -- | -- | -- | 25700 Sqft |
Alpine Way, Palm Springs, CA,92262 | $65,900 | -- | -- | -- | 7841 Sqft |
977 Las Palmas Estates .., Palm Springs, CA,92262 | $3,975,000 | 3 | 4 | 2,680 | 11326 Sqft |
363 Palladium Boulevard.., Palm Springs, CA,92262 | $1,422,266 | 3 | 1 | 3,215 | 6970 Sqft |
20th And I-10, Palm Springs, CA,92262 | $577,605 | -- | -- | -- | 67954 Sqft |
2274 N Indian Canyon Dr.., Palm Springs, CA,92262 | $4,170 | 3 | 2 | 1,344 | 871 Sqft |
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ByOwner last updated this listing 05/19/2024 @ 06:48
MLS: 24383689
LISTED BY: David Crosta, Spalding & Associates
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
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.