550 El Cielo Road, Palm Springs, CA 92264

$2,800,000
13,535
SqFt
List Price
$2,800,000
Closing Date
Jan 01, 1900
Status
Active
MLS#
19445960PS
Year Built
1970
Living Sq. Ft
13,535
Lot Size
30,612
Days on Market
0
Property Type
Multifamily
Neighborhood
Demuth Park
Builders Tract Code
6330

Property Description

Exceptional resort style 15 unit apartment complex now available. Excellent investment opportunity with significant upside. A total living space of 13,535 SQFT. The compound comprises of 2 two-story buildings with a single level casita building in the center. A private setting with gated entrances, large pool area, and covered carport parking. Lush and green with mature landscaping and towering palm trees provide an inviting and oasis-like atmosphere. The property is fully leased with 15 long term quality leases. This apartment complex offers a stable income and value-add opportunity to capitalize on one of the most robust real estate markets in the country. Professionally managed.

Additional Information

Heat
Other
Cooling
Heat Pump(s), Wall and/or WndwUnit

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Residential Br.