550 S El Cielo Road, Palm Springs, CA 92264

$2,800,000
13,535
SqFt
List Price
$2,800,000
Status
Pending
MLS#
19445960PS
Year Built
1970
Living Sq. Ft
13,535
Lot Size
30,612
Days on Market
39
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

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Residential Br.