Sold
73655 Shadow Mountain DR
Palm Desert CA, 92260
$3,869,250
$203.69 per sqft
Sold
24 Beds
18,996 sqft
Multi-family
Built in 1972
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.
219111667DA
MLSⓇ ID
May 17, 2024
Listed
August 23, 2024
Updated
Map
73655 Shadow Mountain DR
Palm Desert CA, 92260
Interior Features
Total Stories
2
Bedrooms
24
Laundry Description
Community
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Multi/Zone, Other
Heating
Yes
Heating Description
Other, Zoned
Exterior/Building Features
Lot Size
1 Acre
Lot Features
2-4 Lots, Landscaped, Street Paved, Street Public
Roof
Composition, Flat
Sewer
In Connected and Paid
Other Property Details
Area Name
Palm Desert South
Days on Market
74
Garage
Yes
Garage Spaces
1
Parking
Assigned, Community Garage
Parking Total
4
View
Yes
View Description
Mountains, Peek-A-Boo, Pool
County
Riverside
Pool
Yes
Pool Features
Community, In Ground
Listing History
Date | Event | Price |
---|---|---|
8/5/2024 | Sold | $3,869,250 |
6/20/2024 | Under contract | — |
6/3/2024 | Price change | $4,100,000 -18% |
Listed by Jose Espinoza with OZA Realty
Listing Contact: (760) 272-1284
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Sheri Davis | CA DRE# 01016136 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/23/2024