We are proud to present an exceptional opportunity to acquire the Monta Vista Townhomes, a meticulously well kept 24-Unit multifamily property situated between Country Club Drive and Washington Street on 40235 Harris Lane in the city of Palm Desert. With each unit having its own individual parcel number, this property has ±24,360 of rentable SF and is situated on a generous ±143,312 SF lot. Property is eligible for short term rental permits and is located in the R-3 Zone.
Palm Desert boasts sunshine most of the year creating consistent demand for rentals due to the steady influx of residents. 40235 Harris Lane offers a central location with convenient access to public transportation and the 10 Freeway, in addition to a variety of retail centers, high-end restaurants, shops and resorts catering to diverse needs and providing excellent entertainment options for residents.
The desirable Monta Vista Townhomes feature large, open-style floor plans with upgraded fully equipped kitchens with stainless steel appliances, modern fixtures, vertical blinds, central AC/heating, washer and dryer hook-ups, private patios and a combination of stylish plank wood and carpet flooring throughout.
The property boasts a combination of desert and lush landscaping with lovely mountain views, covered carport parking, laundry facilities, private dog park, tennis court and a luxury resort style pool and spa.
The Monta Vista Townhomes is a stable income-producing asset in the Coachella Valley, promising a strong return on investment. Whether you’re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Sold for $5,500,000 on 12/17/24
Listing Provided by:
Eric Chen DRE #01489184 626-757-5717,
CB RICHARD ELLIS
$5,500,000
40235 Harris Ln, Palm Desert, CA 92211
--beds
--baths
24,360sqft
Multi Family
Built in 1981
-- sqft lot
$5,476,700 Zestimate®
$226/sqft
$1,992 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 18, 2024 at 09:54pm
Listing Provided by:
Eric Chen DRE #01489184 626-757-5717,
CB RICHARD ELLIS
Bought with:
Eric Chen, DRE #01489184
CB RICHARD ELLIS
Source: CRMLS,MLS#: CV24155855
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 24,360
- Total interior livable area: 24,360 sqft
Property
Parking
- Total spaces: 26
- Parking features: Carport
- Carport spaces: 26
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: Community
- Has spa: Yes
- Spa features: Community
Lot
- Size: 3.29 Acres
- Features: 21-25 Units/Acre, Lot Over 40000 Sqft
Details
- Additional parcels included: through 632071024
- Parcel number: 632071001
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Pool
Location
- Region: Palm Desert
- Subdivision: Monta Vista Townhomes
HOA & financial
Other financial information
- Total actual rent: 533460
Other
Other facts
- Listing terms: Cash,Cash to New Loan