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$1,475,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 hour ago
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Priced To Sell!!!!! Don't Miss Out On This Rare Investment Opportunity. This Exceptional Well Maintained Luxury Multi-Family Property On Park Place in Palm Desert Is A Prime Investment. Each Unit Has Master Beed Room With A Strong Layout,Newer Tile and Laminate Flooring and Desirable Amenities Like Garage Parking, A Pool, and Spa. It Appeals To Serious Long Term and Short Term Tenants. Newer Roof and A/C Units. Only One Unit Rented! 3 Units Are Vacant To Get High Market Rents For New Owner. Please Call For More Rental Information. Possible Owner Financing Available. The Area Is Served By Excellent Schools, Including Abraham Lincoln Elementary and Palm Desert High School, Mall, El Peseo, Fwy Access, Costco, Sams Club and New Disney Resort Cotino. Making It Consistently Sought After. It's The Perfect Addition To Any Portfolio, Whether You're Just Starting Invstiong Or Looking To Expand. This Property Qualifies For Standart Fha, Va and Conventional Finincing If Owner Occupied.

Full Property Details for 42995 Park

General

  • Price: $1,475,000
  • HOA FEE: $980/month
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: IV26151955
  • Updated: 7/13/2026
  • Days on Market: 1 days
  • Added to Site: 1 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down
  • Fireplace(s): Living Room

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Shared Amenities: Pickleball, Racquetball, Tennis Court(s), Pool, Paddle Tennis, Spa/Hot Tub
  • Pool Description: Association, Fenced

Parking

  • Garage Spaces: 10
  • Parking Features: Covered
  • Parking: Covered

Location

  • Area: 323 - South Palm Desert
  • County: Riverside
  • Development Name: 323 - South Palm Desert
  • Driving Directions: EAST ON MAGNESIA FALLS DR. LEFT ON PARK PLACE. CORNER OF MAGNESIA FALLS DR AND PARK PLACE

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 4
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Entry Location: front
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 3,986
  • Year Built: 1989

Unit Information

Unit 1

  • Number of Units: 4
  • Total Bathrooms: 8
  • Bedrooms: 10

Lot Features

  • Property View: Mountain(s)
  • Lot Size (Acres): 0.35
  • Lot Size (Sq. Ft.): 15,246
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $370.05
  • Price Per Unit: 368750
  • Association Fee: $980
  • Assoc Fee Freq.: Monthly

Listed by Kimberly Rangell, Broker, FREDERICK PARKER

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Listing agent

— 42995 Park —

  • FREDERICK PARKER

    Kimberly Rangell, Broker

626-979-4577

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 42995 Park Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/12/2026
Listed
$1,475,000
-7.81%
MLS
4/13/2022
Sold
$1,600,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 42995 Park

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,588
2%
$1,697,932
2%
2024
$22,122
2%
$1,664,640
2%
2023
$21,606
170%
$1,632,000
208%
2022
$7,993
3%
$529,105
2%
2021
$7,774
2%
$518,731
1%
2020
$7,652
2%
$513,413
2%
2019
$7,530
2%
$503,347
2%
2018
$7,410
2%
$493,479
2%
2017
$7,281
2%
$483,804
2%
2016
$7,131
—
$474,319
2%
2015
$7,151
1%
$467,196
2%
2014
$7,052
1%
$458,046
—
2013
$7,011
—
$455,979
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Kimberly Rangell, Broker, FREDERICK PARKER

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42995 Park, Palm Desert, CA 92260 (MLS# IV26151955) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 42995 Park is currently listed for $1,475,000 and was received on July 12, 2026. Want to learn more about 42995 Park? Do you have questions about finding other Multi-Family real estate for sale in Palm Desert? You can browse all Palm Desert real estate or contact a Coldwell Banker agent to request more information.

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