4-Unit Mid-Century
New
For Sale
$1,469,000
723 E Cottonwood Rd, Palm Springs, CA 92262
All four apartments have long-term tenants, and residents share a renovated pool courtyard.
Property SizeContact for details
Days on Market3
Property Features for 723 E Cottonwood Rd
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Amenities
pool
Building Details
Year Built
1977
Year Renovated
2021
Buildings
1
Stories
1
Units
4
Construction
mid-century
Tenancy
Multi
Listing Agency:
Realty Trust
Listed By:
Luca Volpe · License #02037333
(760) 808-3756
Source:
Elliman
Added: Oct 23
Last Checked: Oct 24 at 6:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Trust
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Investment Insights
Based on property information with market context.
This four-unit property in Palm Springs received extensive improvements in 2021. Work included stucco repairs and new paint, replacement windows and doors, and refreshed interiors across all apartments. Kitchens in Units 2 and 3 were opened to their living areas, with built-in workspaces and shelving. The pool courtyard was redesigned with additional lounging areas, shade sails, and breeze-block details. Parking was resurfaced and restriped, and the foam roof was recoated in 2026.
Unit 4 has a reconfigured living area oriented toward the pool and courtyard, two sliding glass doors, and a clerestory window in the primary bedroom. Its private courtyard features patterned concrete, shade sails, and breeze-block accents. Other improvements in the unit include a stackable washer and dryer, outdoor shower, and tankless water heater. All four apartments are occupied by long-term tenants.
Unit 4 has a reconfigured living area oriented toward the pool and courtyard, two sliding glass doors, and a clerestory window in the primary bedroom. Its private courtyard features patterned concrete, shade sails, and breeze-block accents. Other improvements in the unit include a stackable washer and dryer, outdoor shower, and tankless water heater. All four apartments are occupied by long-term tenants.
Key Highlights
- Four‑unit property in Palm Springs; all apartments have long‑term tenants
- Extensive renovation work completed in 2021, with interiors refreshed in all four units
- Units 2 and 3 have kitchens opened to living areas, plus workspaces and custom shelving
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,606
Businesses Nearby
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Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments have long-term tenants, and residents share a renovated pool courtyard.
Where is this quadplex located?
The property is located at 723 E Cottonwood Rd Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,469,000.
What are key features of this property?
This property features: Four‑unit property in Palm Springs; all apartments have long‑term tenants; Extensive renovation work completed in 2021, with interiors refreshed in all four units; Units 2 and 3 have kitchens opened to living areas, plus workspaces and custom shelving
