Welcome to 73345 Royal Palm Drive--a rare investment opportunity in the heart of Palm Desert. This centrally located income property features two buildings: a front house with 2 bedrooms and 1 bathroom, and a rear structure comprising two 1-bedroom, 1-bathroom units. Each unit offers an open-concept layout with abundant natural light, creating a warm and inviting atmosphere.The property is ideally situated near the vibrant San Pablo corridor, offering easy access to local shops, restaurants, and the renowned El Paseo shopping district. With the rear units currently leased, you can enjoy immediate rental income while residing in the front house.Beyond its current configuration, the expansive lot presents potential for further development. According to Palm Desert regulations, multi-family properties like this one may be eligible for additional Accessory Dwelling Units (ADUs), subject to specific criteria . This flexibility allows for increased rental income or expanded living space, enhancing the property's value.Don't miss out on this exceptional property that combines immediate income potential with future development opportunities in one of Palm Desert's most desirable neighborhoods. Contact us today to schedule a private tour and explore the possibilities that 73345 Royal Palm Drive has to offer.Note: Prospective buyers should consult with the City of Palm Desert's Planning Department to verify development possibilities.
Sold for $619,000 on 07/23/25
Listing Provided by:
Tyler Hauer-Salhus DRE #02079389 760-345-2527,
Coldwell Banker Realty
$619,000
73345 Royal Palm Dr, Palm Desert, CA 92260
--beds
--baths
--sqft
Multi Family
Built in 1954
-- sqft lot
$-- Zestimate®
$--/sqft
$2,658 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 11:43am
Listing Provided by:
Tyler Hauer-Salhus DRE #02079389 760-345-2527,
Coldwell Banker Realty
Bought with:
Nick Thompson, DRE #02002181
Embassy Financial Group Inc.
Source: CRMLS,MLS#: 219130168DA
Originating MLS: California Desert AOR & Palm Springs AOR

Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator, Water Heater
Features
- Open Floorplan
- Flooring: Laminate, Tile
- Has fireplace: No
Property
Parking
- Parking features: Driveway, On Street
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Mountain(s), Peek-A-Boo
Lot
- Size: 8,712 sqft
Details
- Parcel number: 627084002
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1954
Community & neighborhood
Location
- Region: Palm Desert
- Subdivision: Not Applicable-1
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Services availability

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