Keegan Cin | Realtor® | License # DRE 01971604

Property

Palm Desert, CA 92260 44700 San Jacinto Avenue

44700 San Jacinto Avenue Palm Desert, CA - Image 144700 San Jacinto Avenue Palm Desert, CA - Image 244700 San Jacinto Avenue Palm Desert, CA - Image 3
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44700 San Jacinto Avenue Palm Desert, CA - Image 444700 San Jacinto Avenue Palm Desert, CA - Image 5
Presented By: Ignacio Diaz Jr. with Investment Capital Real Estate; id@investmentcapitalre.com
  • MLS# NP24158212
  • 08/01/2024
  • Request Tour
  • Request Info
  • Beds • 14
  • Baths • 2
  • SQFT • 7,035
  • Garage • 14
  • Year Built • 1988

Home Details

Built in 1988 to condo specs, the property consists of a collection of seven spacious 2-bedroom 2-bath apartment homes averaging roughly 1,000 square feet each with dual master suites, washer and dryer hookups, and assigned two car garages. The size of the floor plans, the amenities, the renovations completed and the location, have made these units easy to rent, attracted longer-term tenants and has continued to produced solid income. 44700 San Jacinto Avenue is a Pride of Ownership investment property, located in highly desired South Palm Desert. Within a 5-minute walk you will find the prestigious “El Paseo Shopping District,” known as the Rodeo Drive of the desert with public art pieces, upscale stores, boutiques, several dining establishments, and the host of the annual Palm Desert Food & Wine Festival and El Paseo Fashion Week. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio and more than 120 golf courses within the Coachella Valley are also easily accessible. The current ownership has immaculately maintained the property with several interior and exterior renovations completed over the years. Improvements include, a fully renovated pool area with BBQ’s, a sun deck and chaise lounge area, drought tolerant landscaping, patios, colored concrete walkways with upscale LED lighting, new kitchens with quartz countertops, bathrooms, exterior paint to highlight the architectural features of the building and much more. This is a well located, excellent turn-key investment property for any type of investor or a 1031 Exchange replacement.
Presented By: Ignacio Diaz Jr. with Investment Capital Real Estate; id@investmentcapitalre.com

Interior Features for 44700 San Jacinto Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level1

General for 44700 San Jacinto Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityPalm Desert
Community FeaturesCurbs, StormDrains, Suburban, Sidewalks
CountyRiverside
DirectionsFrom LA or Orange County, head east on Interstate 10 Freeway to Cook Street and head South
Electric Expense2799.0
Electric On Property Y/NNo
Entry LocationDriveway
Fuel Expense626.0
Garage Spaces14.0
Garage Y/NYes
Gross Income172200.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense4725.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet36151.0
Lot Size UnitsSquareFeet
MLS Area323 - South Palm Desert
MobileHomeRemainsYNNo
Net Operating Income113518.0
New ConstructionNo
Number Of Units Total7
Operating Expense55238.0
Pool FeaturesFenced, InGround, Private
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameN/A
Tax Lot3
Trash Expense2841.0
Virtual TourClick here
Water Sewer Expense1411.0
Waterfront Y/NNo
Year Built1988
Year Built SourceAssessor

Exterior for 44700 San Jacinto Avenue

Building Area Total7035.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Landscaped
Lot Size Acres0.8299
Lot Size Area36151.0
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge6400.0
Private PoolYes
SpaNo
Total Parking14.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $2,575,000
MLS#NP24158212
List Date 08/01/2024
Property Type Multi-Family
Request Tour
Request Info

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