Apartment Building with Private Lap
New
For Sale
$1,485,000
74431 De Anza Way, Palm Desert, CA 92260
Five-unit income property on a 0.41-acre lot with no HOA and three units currently leased.
Lot Size0.41 Acres
Days on Market5
Property Features for 74431 De Anza Way
General Information
Standard status
Active
Lot size
0.41 Acres
Property subtype
Investment
Additional Details
Multifamily Units
5
Building Details
Year Built
1973
Listing Agency:
(760) 808-5995
Listed By:
Mike Haque · License #01745484
(760) 808-5995
Source:
Elliman
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 8:01AM
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 Mike Haque
Investment Insights
Based on property information with market context.
This five-unit income property includes a main residence plus multiple detached and attached dwelling units. The primary home is a spacious 2,700 sq. ft. 3-bedroom, 2-bath residence with an attached two-car garage, private lap pool, in-ground spa, and built-in BBQ. A detached 2-bedroom, 1.5-bath guest house adds an owned solar system, and two detached permitted ADUs provide additional rental flexibility. There is also an attached permitted casita that is currently leased, with utilities included.
Three of the five units are currently leased, and the two highest-value units are vacant and ready for immediate lease-up. Four of the five units have independent electric meters, which can help reduce owner expenses. The property was built in 1973 and sits on a 0.41-acre lot with no HOA.
BikeScore is 32 (Somewhat Bikeable) and WalkScore is 13 (Car-Dependent), aligning with a car-oriented lifestyle in central Palm Desert near Highway 111 and El Paseo.
Three of the five units are currently leased, and the two highest-value units are vacant and ready for immediate lease-up. Four of the five units have independent electric meters, which can help reduce owner expenses. The property was built in 1973 and sits on a 0.41-acre lot with no HOA.
BikeScore is 32 (Somewhat Bikeable) and WalkScore is 13 (Car-Dependent), aligning with a car-oriented lifestyle in central Palm Desert near Highway 111 and El Paseo.
Key Highlights
- Five‑unit income property with three units currently leased and two vacant for lease‑up
- 0.41‑acre lot with no HOA
- Primary residence: 2,700 sq. ft., 3 bedrooms, 2 baths, attached two‑car garage
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,957
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit income property on a 0.41-acre lot with no HOA and three units currently leased.
Where is this apartment building located?
The property is located at 74431 De Anza Way Palm Desert, CA.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Five‑unit income property with three units currently leased and two vacant for lease‑up; 0.41‑acre lot with no HOA; Primary residence: 2,700 sq. ft., 3 bedrooms, 2 baths, attached two‑car garage
