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$ 1,750,000
Est. payment | /mo
1 Bed
4 Baths
0.56 Acres Lot
$ 1,750,000
Est. payment | /mo
1 Bed
4 Baths
0.56 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Desert Park Estates (33103)
MLS Listing ID CV26129354
Bedrooms 1
Lot Size 0.560 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present Sahara Road Apartments, a 10-unit multifamily investment opportunity located at 2200 E Sahara Road in the desirable Desert Park Estates neighborhood of Palm Springs, California. Situated on an expansive 0.57-acre lot, the property offers investors the opportunity to acquire a stabilized, pride-of-ownership asset in one of the Coachella Valley's most established and desirable rental markets. Sahara Road Apartments consists of (4) one-bedroom / one-bathroom units and (6) studio units and is 100% occupied. The community features desirable single-story construction, attractive open floor plans, and well-maintained interiors that have been updated throughout the years of ownership. This true pride-of-ownership asset offers investors a stabilized investment opportunity with strong occupancy and an attractive resident environment. Residents enjoy a highly amenitized living environment featuring a swimming pool, gated dog park area, lush landscaped grounds, and an on-site laundry facility. Additionally, seven units feature private grass yards and three units feature private patios, further enhancing tenant appeal. The property is individually metered for electricity, while ownership currently pays water, sewer, trash, and gas. Additional operational features include two water heaters and a variety of electric cooling systems throughout the property, including central air conditioning, mini-split systems, and wall-mounted A/C units. Ideally located near Downtown Palm Springs, Palm Springs International Airport, major retail corridors, restaurants, and enter
Location
State CA
County Riverside
Zoning Public Rec
Direction East on Vista Chino, left on Cerritos Rd, right on Sahara Rd. Property is located at the northeast corner of Cerritos Rd and Sah
Interior
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 501352003
Acceptable Financing Cash
Listing Terms Cash
Listed by Gisele Pinedo, DRE#02188347 MARCUS & MILLICHAP
NEARBY SCHOOL & BUSINESS
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