Technical
Financial
Distress signals
Property profile

44700 San Jacinto Ave Palm Desert, CA 92260

OFF-MARKET
Apartment buildings
Property ID
US09-3684083
0.31 ac lot
Trust Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 7-unit apartment complex, built in 1988 to condo specifications, presents a remarkable investment opportunity in the highly sought-after South Palm Desert area. Each spacious unit boasts approximately 1,000 square feet, featuring two bedrooms, two bathrooms, dual master suites, washer/dryer hookups, and a two-car assigned garage. The property enjoys 100% occupancy and has undergone significant renovations, including a completely updated pool area with BBQs and a sun deck, drought-tolerant landscaping, upgraded kitchens with quartz countertops, renovated bathrooms, and fresh exterior paint that accentuates the building's architectural details. Located just a 5-minute walk from the prestigious El Paseo Shopping District, residents enjoy easy access to upscale shopping, dining, and cultural events. The property's prime location also provides convenient access to numerous desert attractions, including Joshua Tree National Park, Mount San Jacinto, and the Empire Polo Club. The meticulous upkeep and desirable features have attracted long-term tenants, generating consistent income. This turnkey investment property is ideal for various investor profiles and presents a compelling 1031 exchange opportunity. The asking price is $2,575,000. The property is situated at 44700 San Jacinto Ave, Palm Desert, CA 92260.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Lot 0.31 ac (13,503 SF)
Zoning code R2
APN 627-167-008
UPID US09-3684083

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex

Location

44700 San Jacinto Ave Palm Desert, CA 92260-3600
Palm Desert metro Census 45127 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2015
Last sale
$2.4M
4 recorded transactions
2015
Price N/A
2012
$890,000
2005
$1.4M
1989
$439,000

Zoning & alternative use

R2 · Palm Desert, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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