Palm Desert, CA 92260 73655 Shadow Mountain Drive

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Presented By: Jose Espinoza with OZA Realty;
  • MLS# 219111667DA
  • 05/17/2024
  • Request Tour
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  • GarageGarage • 1

Home Details

Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.
Presented By: Jose Espinoza with OZA Realty;

Interior Features for 73655 Shadow Mountain Drive

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 73655 Shadow Mountain Drive

Additional Parcels Description73665 & 73675 Shadow Mountain Dr are included in sale (APN: 627-311-034 & 327-311-013).
Additional Parcels Y/NYes
AppliancesWaterHeater
Attached Garage No
Carport Spaces1.0
Carport Y/NYes
CityPalm Desert
Community FeaturesPool
CoolingZoned
CountyRiverside
Days on Market17
DirectionsPlease refer to GPS
Garage Spaces1.0
Garage Y/NYes
HOA0.0
HOA / Comm AssnNo
HeatingZoned
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet43560.0
Lot Size UnitsSquareFeet
MLS Area323 - South Palm Desert
MobileHomeRemainsYNNo
New ConstructionNo
Number of Units Leased18
NumberOfUnitsTotal18
Open Parking Spaces1.0
Pool FeaturesCommunity, InGround
PossessionCloseOfEscrow
Private PoolYes
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Flat
Senior Community Y/NNo
Spa FeaturesCommunity, InGround
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameShadow Mountain
Subdivision NameNot Applicable-1
Tax Annual Amount40207.0
Total Actual Rent276000.0
ViewMountains, PeekABoo
View Y/NYes
Waterfront Y/NNo
Year Built1972
Year Built SourceAssessor

Exterior for 73655 Shadow Mountain Drive

Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Inclusions73665 & 73675 Shadow Mountain Dr are included in sale (APN: 627-311-034 & 327-311-013).
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, Landscaped, NearPublicTransit, Paved
Lot Size Acres1.0
Lot Size Area43560.0
Lot Size SourceAppraiser
Number of Buildings2
Number of Separate Electric Meters18
Number of Separate Gas Meters18
Number of Separate Water Meters18
Open Parking Y/NNo
Parking FeaturesAssigned, CommunityStructure
SpaYes
Street SuffixDrive
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $4,100,000
MLS#219111667DA
List Date 05/17/2024
Property Type Multi-Family
Phone 714.964.3311
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