73692 Santa Rosa Way
Palm Desert, CA 92260

Bd   — Ba   2.78 Acres
is pleased to exclusively market for sale a four-unit apartment complex located at 73692 Santa Rosa Way in the highly regarded city of Palm Desert within the Coachella Valley. Built in 2007, the property features an excellent unit mix of large two- and three-bedroom units. The property consists of one building situated on a large 0.28 acre/12,196 square foot lot. Construction is wood frame with stucco exterior. Units feature well-equipped kitchens that include a gas oven/range, built-in microwave, and refrigerator. The units are spacious with washer/dryer hook-ups and garbage disposals. The property is located within a residential neighborhood surrounded by single family homes & small multifamily apartment communities. This offering presents an investor with the opportunity to acquire a turnkey asset with very little risk of unforeseen maintenance issues due to newer construction, great rental location in a highly desirable Coachella Valley location. Within walking distance to the famed and exclusive "El Paseo" shopping district, which includes high-end retailers such as Sak's 5th Avenue, Gucci, Tiffany & Co., Escada, and Coach, as well as shopping malls. Palm Desert as a whole is renowned for its destination golf courses and resorts.
  • Neighborhood: Palm Village Garden
  • Days on Movoto: 184
  • Year Built: 2007
  • HOA:
  • $/Sqft: $6
  • Lot: 12,197 Sqft
  • Property Type: Multi Family
  • MLS#: CV16139342
  • MLS:
  • Listing Office: MARCUS & MILLICHAP
  • Listed By: ALEXANDER GARCIA
  • Movoto last checked CRMLS for new data 1 hour ago
  • CRMLS last updated this listing 4 months ago
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Property History

Status
Date
Price
Sold
Dec 21, 2016
$750,000
Pending
Oct 28, 2016
Listed
Jun 20, 2016
$795,000
#CV16139342
73692 Santa Rosa Way is a multi family home located in 92260 in Palm Desert, CA. It was last listed for $750,000, which is 88% above the current market median of $398,000 in 92260 and 98% above the market median of $379,000 in Palm Desert. 73692 Santa Rosa Way is approximately 2.78 Sqft, which is 85% below the median size in Palm Desert of 1,873 square feet and 85% below the median size in 92260 of 1,852 Sqft. This property's price per Sqft was $6, which is 97% below the current median in 92260 of $219 and 97% below the Palm Desert median of $206. As of today, , there are 510 properties listed for sale in ZIP code 92260 and 1,131 properties listed for sale in the city of Palm Desert. Of those 1,131 properties, there are 525 single family houses and 606 condos.
Built in 2007, this multi family house at 73692 Santa Rosa Way, Palm Desert CA, 92260 is approximately 121,196 square feet and comes with 8 parking spots. It was last listed with a cost per Sqft of $6. 73692 Santa Rosa Way is located in the Palm Village Garden neighborhood in the Desert Sands Unified. The closest school is Abraham Lincoln Elementary School.

73692 Santa Rosa Way, Palm Desert CA, 92260 was on the market for 184 days. The median days on the market for properties in this area is 96 with a median list price of $379,000 and median cost per square foot of $206. Its current status is sold under the MLS #CV16139342.

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