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Property

Palm Desert, CA 92260 74443 Driftwood Drive

74443 Driftwood Drive Palm Desert, CA - Image 174443 Driftwood Drive Palm Desert, CA - Image 274443 Driftwood Drive Palm Desert, CA - Image 3
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Presented By: Tony Burton with Burton Commercial, Inc.; 951-375-7433
  • MLS# SW25054919
  • 03/12/2025
  • Request Tour
  • Request Info
  • Beds • 8
  • Full/Half Baths • 1 / 1
  • SQFT • 3,188
  • Year Built • 1974

Home Details

This offering is a rarity. A trophy apartment in the finest area of Palm Desert, the area of El Paseo! And it's just short walking distance from the El Paseo shopping district, grocery, and the Westfield Mall. Palm Desert is the finest area of the Coachella Valley, and the El Paseo district is the finest area of Palm Desert!! This 4Plex consists of four 2 bedrooms, 1 & 1/2 half baths. It further has carport parking, a beautiful pristine pool, and a large pool deck for tenants and guest. The kitchens are upgraded with newer appliances and granite counter tops. This complex further has central heat/air throughout. All tenancies are month to month and can be brought up to market. There's one vacancy and one unit who's currently a handyman/manager who can be brought up to market rents. PLEASE SEE RENT ROLL ATTACHED IN SUPPLEMENTS PACKAGE. Since rents are month to month, please check out the market rents you can get in this fine neighborhood. Nearby market rents per rent comps are $2,300 per month. PLEASE SEE RENT COMPS IN SUPPLEMENTS ATTACHED. At market rents, the complex really performs. It puts out $110,000 in annual gross income, a 9.33 Gross Rent Multiplier, a 9.84% Cap Rate, and a robust 21.95% Cash on Cash Return!! PLEASE SEE THE SUPPLEMENTS ATTACHED FOR DETAILS ON THESE RETURNS!! Seller to pick services. Buyer/Buyer's agent to provide and pay for (email, DocuSign, etc) all TC services for Buyer & Seller, including all disclosures, documents/paperwork, they require for Buyer and Seller to sign. SELLER MAY CARRY!!! PLEASE CALL FOR DETAILS!!!
Presented By: Tony Burton with Burton Commercial, Inc.; 951-375-7433

Interior Features for 74443 Driftwood Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, LaundryRoom
Total Stories1

Other Rooms

Entry Level1

General for 74443 Driftwood Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces5.0
Carport Y/NYes
CityPalm Desert
Community FeaturesFoothills, StormDrains, StreetLights
CountyRiverside
DirectionsCook to Driftwood
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingNone
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet9148.0
Lot Size UnitsSquareFeet
MLS Area323 - South Palm Desert
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number Of Units Total4
Operating Expense0.0
Pool FeaturesPrivate
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameEl Paseo Village (32310)
Tax Lot34
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1974
Year Built SourceAssessor
ZoningR303M

Exterior for 74443 Driftwood Drive

Building Area Total3188.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.21
Lot Size Area9148.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolYes
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $1,030,000
MLS#SW25054919
List Date 03/12/2025
Property Type Multi-Family
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