38-Unit Furnished Rental
For Lease
$7,410,000
74380 El Camino, Palm Desert, CA 92260
Renovated, furnished residences are offered together as a majority stake in a 52-unit condominium community.
Space SizeContact for details
Days on Market16
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Property Features for 74380 El Camino
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
LE INVESTMENT GROUP
(951) 226-5454
Listed By:
ALBERT LE (albert.le@leinvestmentgroup.com)
Source:
Mrmurrieta
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 14 at 10:29PM
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 includes 38 renovated, furnished condominium units within a 52-unit community in Palm Desert. Furniture, fixtures and equipment are included. The reported capitalization rate is 9.00%, with a 13.36% pro forma capitalization rate. The community was built in 1963 and is condo-mapped.
The property at 74380 El Camino is described as steps from El Paseo Drive, a shopping and dining district with approximately 150 boutiques, art galleries and restaurants. HOA dues cover water, internet, common-area insurance, exterior maintenance, the pool and landscaping.
The property at 74380 El Camino is described as steps from El Paseo Drive, a shopping and dining district with approximately 150 boutiques, art galleries and restaurants. HOA dues cover water, internet, common-area insurance, exterior maintenance, the pool and landscaping.
Key Highlights
- 38 of the community’s 52 condominium units, representing approximately 73% ownership
- Renovated and furnished units; furniture, fixtures and equipment included
- 9.00% capitalization rate and 13.36% pro forma capitalization rate
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated, furnished residences are offered together as a majority stake in a 52-unit condominium community.
Where is this short term rental property located?
The property is located at 74380 El Camino Palm Desert, CA.
What is the lease rate?
The lease rate is $7,410,000.
What are key features of this property?
This property features: 38 of the community’s 52 condominium units, representing approximately 73% ownership; Renovated and furnished units; furniture, fixtures and equipment included; 9.00% capitalization rate and 13.36% pro forma capitalization rate
