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Sold for $3,869,250 on 08/01/24
Street View
  • Listing Provided by: 

    Jose Espinoza DRE #01754045 760-272-1284,

    OZA Realty Inc.

    Bought with: Berkshire Hathaway HomeService
    $3,869,250

    73655 Shadow Mountain Dr, Palm Desert, CA 92260

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1972
    -- sqft lot
    $3,786,400 Zestimate®
    $--/sqft
    $2,388 Estimated rent

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    What's special

    Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2024 at 07:20pm

    Listing Provided by:

    Jose Espinoza DRE #01754045 760-272-1284,

    OZA Realty Inc.

    Bought with:

    Jeff Stokes, DRE #00853601

    Berkshire Hathaway HomeService

    Source: CRMLS,MLS#: 219111667DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Heating
    • Zoned
    Cooling
    • Zoned
    Appliances
    • Included: Water Heater
    Features
    • Has fireplace: No

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, Community Structure
    • Garage spaces: 1
    • Carport spaces: 1
    • Covered spaces: 2
    • Uncovered spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Has private pool: Yes
    • Pool features: Community, In Ground
    • Has spa: Yes
    • Spa features: Community, In Ground
    • Has view: Yes
    • View description: Mountain(s), Peek-A-Boo
    Lot
    • Size: 1 Acres
    • Features: 2-5 Units/Acre, Landscaped, Near Public Transit, Paved
    Details
    • Additional parcels included: 73665 & 73675 Shadow Mountain Dr are included in sale (APN: 627311034 & 327311013).
    • Parcel number: 627311034
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Foundation: Slab
    • Roof: Composition,Flat
    Condition
    • New construction: No
    • Year built: 1972

    Community & neighborhood

    Community
    • Community features: Pool
    Location
    • Region: Palm Desert
    • Subdivision: Not Applicable-1

    HOA & financial

    Other financial information
    • Total actual rent: 276000

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
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    $3,786,400
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    With Zillow Showcase(estimated)$3,862,128