Sold
Closed
73655 Shadow Mountain Drive
Palm Desert CA, 92260
$3,869,250
Sold
Closed
Residential
Built in 1972
Listed by Jose Espinoza with OZA Realty (760) 272-1284
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 30, 2024
Updated
Map
73655 Shadow Mountain Drive
Palm Desert CA, 92260
Interior Features
Total Stories
2
Appliances
Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Zoned
Heating
Yes
Heating Description
Zoned
Exterior/Building Features
Lot Size
1 Acre
Lot Features
2-5 Units/Acre, Landscaped, Near Public Transit, Paved
Roof
Composition, Flat
Other Property Details
Area Name
323 - South Palm Desert
Taxes
$40,207
Tax Frequency
Annually
Days on Market
74
Garage
Yes
Garage Spaces
1
Parking
Assigned, Community Structure
Parking Total
4
View
Yes
View Description
Mountain(s), Peek-A-Boo
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% |
Listing Contact: (760) 777-6622
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 6:51 PM UTC