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Property Description
Welcome to 73345 Royal Palm Drive--a rare investment opportunity in the heart of Palm Desert. This centrally located income property features two buildings: a front house with 2 bedrooms and 1 bathroom, and a rear structure comprising two 1-bedroom, 1-bathroom units. Each unit offers an open-concept layout with abundant natural light, creating a warm and inviting atmosphere.The property is ideally situated near the vibrant San Pablo corridor, offering easy access to local shops, restaurants, and the renowned El Paseo shopping district. With the rear units currently leased, you can enjoy immediate rental income while residing in the front house.Beyond its current configuration, the expansive lot presents potential for further development. According to Palm Desert regulations, multi-family properties like this one may be eligible for additional Accessory Dwelling Units (ADUs), subject to specific criteria . This flexibility allows for increased rental income or expanded living space, enhancing the property's value.Don't miss out on this exceptional property that combines immediate income potential with future development opportunities in one of Palm Desert's most desirable neighborhoods. Contact us today to schedule a private tour and explore the possibilities that 73345 Royal Palm Drive has to offer.Note: Prospective buyers should consult with the City of Palm Desert's Planning Department to verify development possibilities.
Full Property Details
Full Property Details for 73345 Royal Palm Dr
General
- Status: Closed
- Type: Multi-Family
- Source: Desert_Area_Palm_Springs
- MLS ID: 219130168
- Added to Site: 259 day(s) ago
Interior
- Number of Fireplaces: 1
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
- Flooring: Laminate, Mixed, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Additional Information
- Security/Safety: None
Location
- Area: 322 - Palm Desert North
- County: Riverside
- Subdivision: Not Applicable
- Cross Streets: San Pablo & Royal Palm Dr
Heating & Cooling
- Cooling Type: Air Conditioning, Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: In, Connected and Paid
Structural Information
- Sub-Flooring: Laminate, Mixed, Tile
- Year Built: 1954
- Year Built Source: Other
Lot Features
- Property View: Yes
- Lot Size Source: Other
- Irrigation System: Sprinkler System
Financial Considerations
- Terms: 1031 Exchange, Cash to New Loan, Cash, Conventional
- Owner Pays: Gardener, Water, Trash Collection, Gas
- Tenant Pays: Electricity
Disclosures and Reports
- APN: 627084002
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Schools
Schools serving 73345 Royal Palm Dr
School District:Desert Sands Unified School District
| Name | Grades | Distance |
|---|---|---|
Abraham Lincoln Elementary School, Palm Desert, CA 74-100 Rutledge Way, Palm Desert, CA 92260 | K-5 | 1 mi |
La Quinta Middle School 78-900 Ave. 50, La Quinta, CA 92253 | 6-8 | 6.2 mi |
Palm Desert High School 74-910 Aztec Rd., Palm Desert, CA 92260 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 73345 Royal Palm Dr
Date
Details
Price
Change
Source
5/16/2025
Sold
$639,000
—
MLS
5/07/2025
Listed
$639,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
73345 Royal Palm Drive, Palm Desert, CA 92260 (MLS# 219130168) is a Multi-Family property that was sold on May 16, 2025. This property was listed by Tyler Hauer & Associates from our Indian Wells/La Quinta Office.Want to learn more about 73345 Royal Palm Drive? 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.


