Properties

Palm Desert, CA 92260 73600 San Gorgonio Way

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Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • MLS# OC25274157
  • 12/10/2025
  • Get pre-approved
  • Request Tour
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  • Baths • 1
  • SQFT • 15,503

Home Details

Palm Desert Garden Apartments is a 25-unit multifamily investment property located in Palm Desert, CA. Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking. Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartmentsโ€™ location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities. The propertyโ€™s desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com

Interior Features for 73600 San Gorgonio Way

Other Interior Features

Common WallsNo Common Walls
Heating Y/NYes
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 73600 San Gorgonio Way

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.1
CityPalm Desert
Community FeaturesCurbs, Gutter(s), Street Lights, Sidewalks, Pool
CountyRiverside
DirectionsCross Streets of San Gorgonio Way & San Pablo Avenue
Electric Expense6258
Entry LocationFirst level
Fuel Expense6261
Garage Spaces
Garage Y/NNo
Gross Income427549
HOANo
HOA Fee$
HeatingCentral
Insurance Expense30000
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet45302.4
Lot Size UnitsAcres
MLS Area322 - North Palm Desert
MaintenanceExpense25000
Net Operating Income203569
New ConstructionNo
Number Of Units Total25
Open Parking Spaces17
Operating Expense203265
Pool FeaturesCommunity
PostalCityPALM DESERT
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count1
Subdivision NameOther
Tax Lot9
Taxes$48,919
Trash Expense6258
Water Sewer Expense6258
Year Built1964
Year Built SourceAssessor

Exterior for 73600 San Gorgonio Way

Building Area Total15503
Lot FeaturesStreet Level
Lot Size Acres1.04
Lot Size Area1.04
Lot Size SourceAssessor
Number of Buildings7
Number of Separate Electric Meters25
Number of Separate Gas Meters25
Number of Separate Water Meters1
Private PoolNo
Total Parking17
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,995,000
MLS#OC25274157
List Date 12/10/2025
Property Type Multi-Family
Phone 888.795.6274
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