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.
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
Owner options
What's special
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#: 219111667DA
Originating 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
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$3,786,400
2% more+$75,728
With Zillow Showcase(estimated)$3,862,128