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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

    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.

    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#: 219130168DAMLS LogoOriginating 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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