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  • MLS#: NP24158212 ( Apartment )
  • Street Address: 44700 San Jacinto Avenue
  • Viewed: 2
  • Price: $2,575,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1988
  • Bldg sqft: 0
  • Days On Market: 188
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Desert
  • Zipcode: 92260
  • Subdivision: Other (othr)
  • Provided by: Investment Capital Real Estate
  • Contact: Ignacio Ignacio
  • DMCA Notice
  • Description
    44700 San Jacinto Avenue is a Pride of Ownership investment property, located in highly desired South Palm Desert. Within a 5 minute walk you will find the prestigious El Paseo Shopping District, known as the Rodeo Drive of the desert with public art pieces, upscale stores, boutiques, several dining establishments, and the host of the annual Palm Desert Food & Wine Festival and El Paseo Fashion Week. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio and more than 120 golf courses within the Coachella Valley are also easily accessible. The current ownership has immaculately maintained the property with several interior and exterior renovations completed over the years. Improvements include, a fully renovated pool area with BBQs, a sun deck and chaise lounge area, drought tolerant landscaping, patios, colored concrete walkways with upscale LED lighting, new kitchens with quartz countertops, bathrooms, exterior paint to highlight the architectural features of the building and much more. Built in 1988 to condo specs, the property consists of a collection of seven spacious 2 bedroom 2 bath apartment homes averaging roughly 1,000 square feet each with dual master suites, washer and dryer hookups, and assigned two car garages. The size of the floor plans, the amenities, the renovations completed and the location, have made these units easy to rent, attracted longer term tenants and has continued to produced solid income. This is a well located, excellent turn key investment property for any type of investor or a 1031 Exchange opportunity.
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Features
Assessments
  1. Special Assessments
Building Area Total
  1. 7035.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 178
Electric Expense
  1. 2799.00
Entry Location
  1. Driveway
Fuel Expense
  1. 626.00
Garage Spaces
  1. 14.00
Gardner Expense
  1. 4620.00
Heating
  1. Central
Insurance Expense
  1. 4725.00
Laundry Features
  1. Inside
Levels
  1. One
Lot Features
  1. Corner Lot
  2. Landscaped
Netoperatingincome
  1. 113518.00
Parcel Number
  1. 627167007
Pool Expense
  1. 6400.00
Pool Features
  1. Private
  2. Fenced
  3. In Ground
Postalcodeplus4
  1. 3600
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 420122838:CRM
Subdivision Name Other
  1. N/A
Totalexpenses
  1. 55238.00
Trash Expense
  1. 2841.00
Water Sewer Expense
  1. 1411.00
Water Source
  1. Public
Year Built
  1. 1988
Year Built Source
  1. Assessor