38-Unit Short-Term Rental
New
For Sale
$7,410,000
74380 El Camino, Palm Desert, CA 92260
Renovated, furnished residences with FF&E included comprise a majority stake in a condominium community.
Property SizeContact for details
Days on Market5
Property Features for 74380 El Camino
General Information
Standard status
Active
Property subtype
Residential Income
Additional Details
Furnished
Yes
Cap Rate
9%
Multifamily Units
38
Amenities
pool
Listing Agency:
LE INVESTMENT GROUP
Listed By:
ALBERT LE · License #01468313
(909) 256-7889
Source:
Exprealty
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 3:14PM
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 LE INVESTMENT GROUP
Investment Insights
Based on property information with market context.
The offering comprises 38 of the community’s 52 condominium units, representing approximately 73% ownership. The renovated residences are furnished, and the sale includes furniture, fixtures, and equipment. The project is fully condo-mapped, with upgrades to major common-area infrastructure. The association’s monthly dues cover water, internet, common-area insurance, exterior maintenance, the pool, and landscaping.
At 74380 El Camino in Palm Desert, the property is steps from El Paseo Drive, a shopping and dining district with approximately 150 boutiques, galleries, and restaurants. Nearby area features also include resorts, spas, golf courses, tennis facilities, and nightlife. The concentrated ownership position spans most of the units in one condominium project.
At 74380 El Camino in Palm Desert, the property is steps from El Paseo Drive, a shopping and dining district with approximately 150 boutiques, galleries, and restaurants. Nearby area features also include resorts, spas, golf courses, tennis facilities, and nightlife. The concentrated ownership position spans most of the units in one condominium project.
Key Highlights
- 38 of 52 condominium units, representing approximately 73% ownership
- Renovated, furnished units; furniture, fixtures, and equipment are included
- 9.00% cap rate and 13.36% pro forma cap rate
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
38
Residential units
Location Intelligence
Trade Area within ½ mile
1,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 92260, CA
31,641
Population
21,659
Households
1.5
Avg Household Size
57
Median Age
38%
College-Educated
92%
High-School Grad
31.3 sq mi
ZIP Area
1,011
Density / Sq Mi
$72,252
Median Household Income
$41,810
Median Earnings
$1,654
Median Rent
$463,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated, furnished residences with FF&E included comprise a majority stake in a condominium community.
Where is this short term rental property located?
The property is located at 74380 El Camino Palm Desert, CA.
What is the asking price?
The asking price for this property is $7,410,000.
What are key features of this property?
This property features: 38 of 52 condominium units, representing approximately 73% ownership; Renovated, furnished units; furniture, fixtures, and equipment are included; 9.00% cap rate and 13.36% pro forma cap rate
