1777 E Arenas RD new Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Central Palm Springs
MLS Listing ID 219127694DA
Year Built 1963
Lot Size 0.390 Acres
Property Description
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). Two units will 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.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Central,Natural Gas
Cooling Central Air
Flooring Carpet,Tile
Exterior
Parking Features Assigned,Side By Side
Pool Community,In Ground
Community Features Gated,Pool
Amenities Available Pet Restrictions
View Y/N Yes
View Mountain(s)
Roof Type Tar/Gravel
Building
Story 1
Foundation Slab
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard