2200 E Sahara Road,Palm Springs, CA 92262
Palm Springs, CA 92262
Description
We are pleased to present Sahara Road Apartments, a 10-unit multifamily investment opportunity located at 2200 E Sahara Road in the desirable Desert Park Estates neighborhood of Palm Springs, California. Situated on an expansive ±0.57-acre lot, the property offers investors the opportunity to acquire a stabilized, pride-of-ownership asset in one of the Coachella Valley's most established and desirable rental markets. Sahara Road Apartments consists of (4) one-bedroom / one-bathroom units and (6) studio units and is 100% occupied. The community features desirable single-story construction, attractive open floor plans, and well-maintained interiors that have been updated throughout the years of ownership. This true pride-of-ownership asset offers investors a stabilized investment opportunity with strong occupancy and an attractive resident environment. Residents enjoy a highly amenitized living environment featuring a swimming pool, gated dog park area, lush landscaped grounds, and an on-site laundry facility. Additionally, seven units feature private grass yards and three units feature private patios, further enhancing tenant appeal. The property is individually metered for electricity, while ownership currently pays water, sewer, trash, and gas. Additional operational features include two water heaters and a variety of electric cooling systems throughout the property, including central air conditioning, mini-split systems, and wall-mounted A/C units. Ideally located near Downtown Palm Springs, Palm Springs International Airport, major retail corridors, restaurants, and entertainment destinations, Sahara Road Apartments presents investors with the opportunity to acquire a well-maintained multifamily asset offering strong in-place occupancy, desirable amenities, and long-term investment potential within a highly sought-after Palm Springs location.
Details
| MLS # | CV26129354 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 93 |
| Listing Provided By | MARCUS & MILLICHAP | Gisele Pinedo |
Features
| SQ Feet | 5,650 |
|---|---|
| Story(s) | 1 |
| Units | 10 |
| Building(s) | 3 |
| Acreage | 0.56 |
Exterior
| Roof | Flat |
|---|---|
| Lot Features | Eleven To Fifteen Units Acre |
Parking
| Parking Features | None |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Dog Park, Pool |
|---|
Taxes
| Property | 20304 |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 331 North End Palm Springs |
| Community Name | Desert Park Estates (33103) |
| Listing VS Median (in Desert Park Estates (33103)) | |
Price: $1,750,000 low | high Med: $1,750,000 sqft: 5,650 low | high Med: 5,650 $ / sqft: $310 low | high Med: $310 On site: 93 low | high Med: 93 | |
Market Activity 92262
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 331 North End Palm Springs |
| Community Name | Desert Park Estates (33103) |
| Listing VS Median (in Desert Park Estates (33103)) | |
Price: $1,750,000 low | high Med: $1,750,000 sqft: 5,650 low | high Med: 5,650 $ / sqft: $310 low | high Med: $310 On site: 93 low | high Med: 93 | |