About This Home
This 7-bedroom, 5-bathroom commercial at 72805 Parkview Drive in Palm Desert, CA is listed for $8,499,000. Built in 1989, on a 3.70 acres lot.
Key Features
- Built in 1989
- 3.70 acre lot
- 52 parking spaces
- Fireplace
Property Details
Amenities
Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are BELOW MARKET VALUE.
Every unit has its own private 2-car detached garage, plus an additional 26 uncovered parking spaces within the community for guest parking. The 2 car garages are currently included in the month rents but could be rented out for additional income. Property is fully occupied with substantial rental upside.
The community offers desirable shared features, including a sparkling pool, on-site laundry facilities, and well-maintained grounds. Gas, water, and trash are included, streamlining management and providing added value to residents. Ideally located to all things great in the desert and is in walking distance to the College of the Desert.
This property consistently attracts long-term, reliable tenants. With unmatched features and steady tenant demand in a prime location, this is a standout investment opportunity with exceptional long-term potential.
Monthly Cost Estimate
$45,454/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
72805 Parkview Drive
Palm Desert, CA 92260
Other (OTHR)
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Views
Parking
Heating
Cooling
Appliances
Questions & Answers
This 7-bedroom, 5-bathroom commercial at 72805 Parkview Drive is listed at $8,499,000. The estimated monthly payment is $45,455 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1989, 3.70 acre lot, 52 parking spaces, Fireplace. Interior Features: Formica Counters.
This property is listed by Brian Gorman and can be reached at 5626682390.