38-Unit Furnished Condo
74380 El Camino, Palm Desert, CA 92260
For Sale
New
$7,410,000
The offering controls 73% of a 52-unit community and includes furnishings and equipment.
Property Size600 SF
Price / SF$12,350
Days on Market2
Property Features for 74380 El Camino
General Information
Standard status
Size
Property subtype
Financials
Cap Rate
HOA Fee
Additional Details
Furnished
Utilities to Site
Multifamily Units
Amenities
pool
1
true
1 Common Wall
false
Common Area
16-20 Units/Acre
Public
515
0.0118
Assessor
Assigned
600
7
38
Building Details
Building Size
Year Built
Stories
Listing Agency:
LE INVESTMENT GROUP
(909) 256-7889
Listed By:
ALBERT LE · License #01468313
(951) 226-5454
Source:
Remaxaegisca
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 1:45AM
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
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Investment Insights
Based on property information with market context.
This Palm Desert offering comprises 38 condominium units in a 52-unit community, representing approximately 73% ownership. The units were renovated and are furnished, with furniture, fixtures and equipment included. The community was built in 1963 and has upgraded common-area infrastructure. Reported capitalization rates are 9.00% currently and 13.36% on a pro forma basis.
At 74380 El Camino, the property is steps from El Paseo Drive in downtown Palm Desert. The surrounding district includes approximately 150 boutiques, art galleries and restaurants. Association dues cover water, internet, common-area insurance, exterior maintenance, pool and landscaping.
At 74380 El Camino, the property is steps from El Paseo Drive in downtown Palm Desert. The surrounding district includes approximately 150 boutiques, art galleries and restaurants. Association dues cover water, internet, common-area insurance, exterior maintenance, pool and landscaping.
Key Highlights
- 38 of 52 condominium units, representing approximately 73% of the community
- Renovated units are furnished; furniture, fixtures and equipment are included
- Reported 9.00% cap rate and 13.36% pro forma cap rate
Property Analytics
Who owns this building?
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Lease Details
38
Residential units
Yes
Utilities to site
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 - The offering controls 73% of a 52-unit community and includes furnishings and equipment.
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% of the community; Renovated units are furnished; furniture, fixtures and equipment are included; Reported 9.00% cap rate and 13.36% pro forma cap rate
