Properties
Palm Desert, CA 92260 72805 Parkview Drive
$9,499,000
32 more
Presented By: Brian Gorman with College Park Realty; 562-668-2390
Baths • 2
SQFT • 4
Garage • 26
Home Details
Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are ALL BELOW MARKET VALUE. Every unit has central Air Conditioning and its own private 2-car detached garage. The community has an additional 26 uncovered parking spaces for guest parking. Property is fully occupied with substantial rental upside. The community offers desirable shared features, including a sparkling pool, on-site laundry facilities, and well-maintained grounds. Gas, water, and trash are included, streamlining management and providing added value to residents. Ideally located to all things great in the desert and is in walking distance to the College of the Desert. This property consistently attracts long-term, reliable tenants. With unmatched features and steady tenant demand in a prime location, this is a standout investment opportunity with exceptional long-term potential. Impeccably maintained property with pride of ownership. Do not disturb occupants.
Presented By: Brian Gorman with College Park Realty; 562-668-2390
Interior Features for 72805 Parkview Drive
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls, No One Above
Fireplace FeaturesElectric, Gas
Fireplace Y/NYes
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesLaminate Counters, All Bedrooms Down
Laundry FeaturesCommon Area
Total Stories1
Other Rooms
Entry Level1
General for 72805 Parkview Drive
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Gas Range
Association AmenitiesPool
Building Area UnitsSquare Feet
CityPalm Desert
Community FeaturesSidewalks, Pool
Construction MaterialsStucco
CoolingCentral Air
CountyRiverside
DirectionsMonterey to Parkview
ElectricStandard
Electric Expense4059
Entry Locationsingle
ExclusionsRefrigerator, tenants provide
Fuel Expense871
Garage Spaces26
Garage Y/NYes
Gross Income36575
HOANo
HOA Fee$
HeatingForced Air
Insurance Expense15005
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet161172
Lot Size UnitsSquare Feet
MLS Area322 - North Palm Desert
MaintenanceExpense5574
Net Operating Income217878
New ConstructionNo
Number Of Units Total26
Number of Units Leased26
Open Parking Spaces26
Operating Expense172939
Pool FeaturesCommunity, Association
PossessionSee Remarks
PostalCityPALM DESERT
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
RoofOther, Spanish Tile
Security FeaturesCarbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameParkview
Tax Annual Amount25000
Tax Lot1
Tenant PaysCable TV, Electricity, Telephone
Total Actual Rent36575
Trash Expense6917
UtilitiesElectricity Connected, Natural Gas Connected, Phone Connected, Water Available
ViewDesert, Mountain(s)
Water Sewer Expense8356
Year Built1989
Year Built SourceAssessor
Exterior for 72805 Parkview Drive
Building Area Total4
Exterior AmenitiesLighting
Lot Dimensions161172
Lot Features26-30 Units/Acre
Lot Size Acres3.7
Lot Size Area161172
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings8
Number of Separate Electric Meters26
Number of Separate Gas Meters0
Number of Separate Water Meters0
Parking FeaturesAssigned, Garage, Garage Door Opener, Guest
Pool Charge2160
Private PoolNo
Road Surface TypeAlley Paved
SpaNo
Total Parking52
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
