1777 E Arenas RD Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,008 sqft
Price per Sqft $299
Subdivision Central Palm Springs
MLS Listing ID 219127694
Style Mid Century
Bedrooms 14
Full Baths 7
HOA Y/N No
Year Built 1963
Lot Size 0.390 Acres
Property Description
Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Two units will be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive by but do not walk on the property.
Location
State CA
County Riverside
Area 332 - Palm Springs Central
Interior
Heating Central,Natural Gas
Cooling Central Air
Fireplace false
Exterior
Pool Community,Safety Fence,In Ground
View Y/N true
View Mountain(s),Pool
Private Pool Yes
Building
Story 1
Entry Level Ground Level, No Unit Above,One
Sewer Connected on Bond
Architectural Style Mid Century
Level or Stories Ground Level, No Unit Above,One
Others
Senior Community No
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard