73655 Shadow Mountain Drive, Palm Desert, CA 92260

$3,869,250
: 24
BD
: 18,996
SqFt

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Sold Price: $3,869,250
List Price: $4,100,000
Closing Date: Aug 01, 2024
Status: CLOSED
MLS#: 219111667
Year Built: 1972
Bedrooms: 24
Living Sq. Ft: 18,996
Lot Size: 43,560
Lot Location: Landscaped, Near Public Transit, Premium Lot
Days on Market: 79
Property Type: Multifamily
Stories: 2
Neighborhood: Not Applicable

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Property Description

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.

(760) 898-9729

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