73345 Royal Palm Drive, Palm Desert, CA 92260

$619,000
4
BD
3
BA
1,589
SqFt

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Sold Price
$619,000
List Price
$639,000
Closing Date
Jul 23, 2025
Status
CLOSED
MLS#
219130168
Year Built
1954
Bedrooms
4
Bathrooms
3
Living Sq. Ft
1,589
Lot Size
8,712
Days on Market
69
Property Type
Multifamily
Stories
1
Neighborhood
Not Applicable

Property Description

Welcome to 73345 Royal Palm Drive—a rare investment opportunity in the heart of Palm Desert. This centrally located income property features two buildings: a front house with 2 bedrooms and 1 bathroom, and a rear structure comprising two 1-bedroom, 1-bathroom units. Each unit offers an open-concept layout with abundant natural light, creating a warm and inviting atmosphere. The property is ideally situated near the vibrant San Pablo corridor, offering easy access to local shops, restaurants, and the renowned El Paseo shopping district. With the rear units currently leased, you can enjoy immediate rental income while residing in the front house. Beyond its current configuration, the expansive lot presents potential for further development. According to Palm Desert regulations, multi-family properties like this one may be eligible for additional Accessory Dwelling Units (ADUs), subject to specific criteria . This flexibility allows for increased rental income or expanded living space, enhancing the property's value. Don't miss out on this exceptional property that combines immediate income potential with future development opportunities in one of Palm Desert's most desirable neighborhoods. Contact us today to schedule a private tour and explore the possibilities that 73345 Royal Palm Drive has to offer. Note: Prospective buyers should consult with the City of Palm Desert's Planning Department to verify development possibilities.

Additional Information

Land Lease Type
Fee
Appliances
Dishwasher, Refrigerator, Electric Oven, Electric Cooktop
Heat
Central
Cooling
Air Conditioning, Ceiling Fan(s), Central Air
View
Mountain(s), Peek-A-Boo
Parking
On Street, Driveway
Sewer
In, Connected and Paid

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty. Selling Office: .