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225 E Avenida Palmera, Palm Springs, CA 92264
$4,000,000
225 E Avenida Palmera, Palm Springs, CA 92264View this property at 225 E Avenida Palmera, Palm Springs, CA 92264
225 E Avenida PalmeraPalm SpringsCA92264
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Property Description
SELLER FINANCING IS AVAILABLE - INQUIRE FOR TERMS. This Spanish Hacienda style apartment complex, dubbed Casa de Palmera, comprises three separate buildings totaling 18 units on nearly an acre in Tahquitz River Estates. It's rare that a property of this caliber and potential becomes available in Palm Springs. All units are equipped with central AC, full appliance suites, oversized living spaces and bedrooms, and many units have one or two large private patios. All tenants are month-to-month and many are long-term residents. Unit Breakdown: four - 2BR/2.5BA two-story townhouses, four - 2BR/2BA single-level units, four - 1BR/1BA single-level units, and six - 1BR/1BA single-level "casita" units with no unit above. All units are currently below market rents. Other property highlights include: outstanding mountain views, lush green spaces, close proximity to public transportation, food, grocery, financial institutions, and downtown Palm Springs, owned laundry facilities, and abundant value-add opportunities.
Full Property Details
Full Property Details for 225 E Avenida Palmera
General
- Sold For: $4,000,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 22-182577
- Added to Site: 680 day(s) ago
Business
- Business Type: Multi-Family
Interior
- Cooking Appliances: Oven, Microwave
Rooms
Bathrooms
- Total Bathrooms: 30
Bedrooms
- Total Bedrooms: 26
Other Rooms
- Laundry: Community, Laundry Area
Additional Information
- Pool: Yes
- Pool Description: In-Ground, Filtered
- Spa: Yes
- Spa Description: Heated, In-Ground
- Other Features: None
Exterior
- Deck/Patio: Enclosed
Parking
- Covered Spaces: 18
- Garage Description: Carport, Carport Detached, Covered Parking, On street, Uncovered
Location
- Area: Palm Springs South End
- County: Riverside
- Cross Streets: E Avenida Palmera and E Palm Canyon Dr
- Driving Directions: Heading south on Palm Canyon Dr, turn left onto E Avenida Palmera. 225 E Avenida Palmera is the first non-commercial building on your right.
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- Sewer: In Connected and Paid
- Water: District
- # Gas Meters: 18
- # Electric Meters: 18
Structural Information
- # Buildings: 3
- Architectural Style: Spanish
- Exterior Const.: Stucco
- Basement Desc.: Slab
- Foundation: Slab
- Roof: Clay
- Common Walls: Attached
- Entry Location: Ground Level - no steps
- Stories/Levels: 2
- Square Feet: 15,973
- Sq. Ft. Source: Assessor
- Year Built: 1976
- Year Built Source: Plans
- Other Struct. Feat.: Balcony
Unit Information
- Units in Complex: 18
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2.5
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Property View: Green Belt, Mountains
- Lot Size (Acres): 0.93
- Lot Size: 40511
- Lot Size Source: Vendor Enhanced
- Irrigation System: Sprinkler System, Sprinkler Timer
- Lot Features: Near Public Transit
- Zoning: R3
- Lot Description: Curbs, Lawn, Landscaped, Level/Flat Lot, Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $295.81
- Price Per Unit: 305278
- Assessment Year: 1976
- Owner Pays: Gardener, Water, Pool Service
- Tenant Pays: Electricity, Gas, Insurance
Disclosures and Reports
- Disclosures/Reports: None
- APN: 508-345-005
Listed and Sold by Compass, James Gault
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Schools
Schools serving 225 E Avenida Palmera
School District:Palm Springs Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
833 E Mesquite Ave, Palm Springs, CA 92264 | K-5 | 0.5 mi | |
1011 E Vista Chino, Palm Springs, CA 92262 | 6-8 | 2.8 mi | |
2401 E Baristo Rd, Palm Springs, CA 92262 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 225 E Avenida Palmera
Date
Details
Price
Change
Source
1/22/2024
Sold
$4,000,000
-15.34%
MLS
8/15/2023
Price Reduced
$4,725,000
-5.41%
MLS
5/30/2023
Price Reduced
$4,995,000
-9.1%
MLS
2/24/2023
Price Reduced
$5,495,000
-6.79%
MLS
7/27/2022
Listed
$5,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
225 E Avenida Palmera, Palm Springs, CA 92264 (MLS# 22-182577) is a Multi-Family property that was sold at $4,000,000 on January 22, 2024. Want to learn more about 225 E Avenida Palmera? Do you have questions about finding other Multi-Family real estate for sale in Palm Springs? You can browse all Palm Springs real estate or contact a Coldwell Banker agent to request more information.