74380 El Camino, Unit 2 Palm Desert, CA 92260
37-unit condominium package near El Paseo shopping district.
Property size:
22,200 SFLot size:
0.25 AcresProperty Features for 74380 El Camino
General Information
- Standard status
- Contract
- Size
- 22,200 SF
- Lot size
- 0.25 Acres
Building Details
- Year built
- 1963
Source:
Corcoran
Listing Agency: LE INVESTMENT GROUP Listing Agent: Albert Le
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Palm Desert Condominium Package Deal
This 37-condominium package is strategically positioned steps from El Paseo Drive, Palm Desert’s premier shopping and dining district. El Paseo is home to over 150 boutiques, art galleries, and fine dining establishments. The property is fully condo-mapped. 15 units have high-end updates, and 22 units are in good condition with standard updates. The property is grandfathered, allowing existing short-term rentals to continue operating. Palm Desert is a thriving city in Riverside County, located 14 miles east of Palm Springs and 122 miles east of Los Angeles. The population has experienced steady growth, increasing from 41,155 in 2000 to 48,445 in 2010. Palm Desert has an average income 63.8% higher than other U.S. neighborhoods. The workforce is diverse, with 40.1% employed in sales and services and 36.5% in managerial and office positions. The property size is 22200 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Palms at El Camino
Hotel & Motel
International Hotel and Suites
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Palm Desert
- County
- Riverside
- State
- California
- Longitude
- -116.366405
- Latitude
- 33.7205217
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 37-unit condominium package near El Paseo shopping district.
Where is this apartment building located?
The property is located at 74380 El Camino, Unit 2 Palm Desert, CA.
What is the asking price?
The asking price for this property is $6,845,000.
What are key features of this property?
This property features: - Significant price reduction of $2,105,000 on the package deal.; - Units priced well below market at $185,000 each, offering a potential upside of $65,000 per unit or $2,405,000 total.; - Grandfathered status allows existing short-term rentals (STRs) to continue operating without restrictions.
