Palm Desert, CA 92260,73655 Shadow Mountain DR
Palm Desert, CA 92260,73655 Shadow Mountain DR
Palm Desert, CA 92260,73655 Shadow Mountain DR
16
$3,869,250
$4,100,000
5.6%
Est.Price: ?

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24 BD
18,996 SqFt

73655 Shadow Mountain DR Palm Desert, CA 92260

Est. payment /mo
SOLD DATE : 08/01/2024

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Key Details

Sold Price $3,869,250

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 18,996 sqft

Price per Sqft $203

MLS Listing ID 219111667

Sold Date 08/01/24

Bedrooms 24

HOA Y/N No

Year Built 1972

Annual Tax Amount $40,207

Lot Size 1.000 Acres

Property Sub-Type Apartment

Property Description

Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.

Location

State CA

County Riverside

Area 323 - Palm Desert South

Interior

Heating Zoned, Other

Cooling Zoned, Other

Fireplace false

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Pool Community, Safety Gate, In Ground

View Y/N true

View Mountain(s), Peek-A-Boo, Pool

Private Pool Yes

Building

Lot Description Premium Lot, Landscaped, Near Public Transit

Story 2

Entry Level Two

Sewer In, Connected and Paid

Level or Stories Two

Others

Senior Community No

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by OZA Realty

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Stephen Powell

Stephen Powell

Broker Associate | License ID: 0148821

+1(760) 861-3735

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