1777 Arenas rd, Palm Springs, CA 92262
Active
$1,800,000
7 Units
14 Beds
14 Baths
6,008 Area(sq.ft.)
Lot: 16,988 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 219127694DA |
| Days On Market: | 248 |
| Listing Date: | April 2, 2025 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 300 |
| Price per unit: | $ 257,143 |
| Year Built: | 1963 |
Property Details
Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Owner's unit can be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive-by but do not walk on the property.Interested in this Listing?
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Income Details
Structure
| Amenities: | Assoc Pet Rules |
| Security Features: | Gated |
| Sewer: | Connected on Bond |
| View Description: | Mountains, Pool |
| Water: | Water District |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Side By Side |
Interior
| AC/Cooling: | Central |
| Heating: | Forced Air, Natural Gas |
| Laundry: | Community, Room |
| Patio Features: | Concrete Slab |
Exterior
| Exterior Construction: | Stucco |
| Pool: | True |
| Pool Description: | Community, In Ground, Safety Fence |
| Roof: | Tar and Gravel |
| Spa: | No |
Detailed Map
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