Palm Springs, CA 92262 1777 E Arenas Road
$1,800,000
17 more
Presented By: Stephen Sullivan with Coldwell Banker Realty;
Year Built • 1963
Home Details
Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Two units will be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive by but do not walk on the property.
Presented By: Stephen Sullivan with Coldwell Banker Realty;
Interior Features for 1777 E Arenas Road
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Total Stories1
General for 1777 E Arenas Road
Additional Parcels Y/NNo
Association AmenitiesPetRestrictions
Attached Garage No
Carport Spaces0.0
Carport Y/NNo
CityPalm Springs
Community FeaturesGated, Pool
CoolingCentralAir
CountyRiverside
DirectionsNear Tahquitz and Sunrise, take Arenas from Sunrise.
DisclosuresPrincipalIsRealEstateLicensed
Electric Expense1331.0
Electric On Property Y/NNo
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingCentral, NaturalGas
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsExchange1031
Lot Size Square Feet16988.0
Lot Size UnitsSquareFeet
MLS Area332 - Central Palm Springs
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total7
Open Parking Spaces9.0
Pool FeaturesCommunity, InGround
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
RoofTarGravel
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameCentral Palm Springs
Tenant PaysElectricity, Gas
Trash Expense2548.0
ViewMountains
Water Sewer Expense975.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
Exterior for 1777 E Arenas Road
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.39
Lot Size Area16988.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, SideBySide
Pool Charge2400.0
Private PoolYes
SpaNo
Total Parking9.0
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,800,000
MLS#219127694DA
List Date
04/02/2025
Property Type
Multi-Family
Phone
(310) 963-5595
