Skip To Content

73600 San Gorgonio Way

Palm Desert, CA 92260
  • $4,500,000
  • STATUS: Active
  • ON SITE: 134 Days
  • MLS #: OC24250471
UPDATED: 19 min ago
$4,500,000
  • 0
    BEDS
  • 1.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)


Description

Palm Desert Garden Apartments is a 25-unit multifamily investment property located at 73600 San Gorgonio Way, Palm Desert, CA. Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking. Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartments location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities. The propertys desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/158831024
Print Image

73600 San Gorgonio Way Palm Desert, CA 92260

  • Price: $4,500,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 19 min ago
  • MLS #: OC24250471
0
Beds
0
Baths
0
½ Baths
1.04
Acres
1964
Built
Neighborhood:
Other
County:
Riverside
Area:
322 - North Palm Desert
Property Description
Palm Desert Garden Apartments is a 25-unit multifamily investment property located at 73600 San Gorgonio Way, Palm Desert, CA. Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking. Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartments location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities. The propertys desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments.
Exterior Features

Entry Level 1 Entry Location First level Lot Features Street Level Number Of Separate Electric Meters 25 Open Parking Spaces 17 Parking Total 17 Pool Features Community Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.58 Common Interest Community Apartment Community Features CurbsGutter(s)SidewalksPool Electric Expense 6775 Fuel Expense 6775 Garage YN No Gross Income 408266 Gross Scheduled Income 397392 Insurance Expense 23013 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 12500 Net Operating Income 206069 New Construction YN No New Taxes Expense 55103 Number Of Separate Gas Meters 25 Number Of Separate Water Meters 1 Operating Expense 182328 Other Expense 45189 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 6775 Vacancy Allowance 19870 Vacancy Allowance Rate 3 Water Sewer Expense 6778 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373719476-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373719476-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373719476-2.jpg
Logo
The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)