Under Contract

73655 Shadow Mountain DR

Palm Desert CA, 92260

$4,100,000


$215.83 per sqft

Under Contract

24 Beds

18,996 sqft

Multi-family

Built in 1972

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.

219111667DA

MLS ID

May 17, 2024

Listed

July 4, 2024

Updated

Map

73655 Shadow Mountain DR
Palm Desert CA, 92260

Interior Features

Total Stories

2


Bedrooms

24


Laundry Description

Community


Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Multi/Zone, Other


Heating

Yes


Heating Description

Other, Zoned

Exterior/Building Features

Lot Size

1 Acre


Lot Features

2-4 Lots, Landscaped, Street Paved, Street Public


Roof

Composition, Flat


Sewer

In Connected and Paid

Other Property Details

Area Name

Palm Desert South


Days on Market

33


Garage

Yes


Garage Spaces

1


Parking

Assigned, Community Garage


Parking Total

4


View

Yes


View Description

Mountains, Peek-A-Boo, Pool


County

Riverside


Pool

Yes


Pool Features

Community, In Ground

Listing History

Date

Event

Price

6/20/2024

Under Contract

6/3/2024

Price Change

$4,100,000

-18%

Listed by Jose Espinoza with OZA Realty
Listing Contact: (760) 272-1284 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Craig Chorpenning shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/4/2024

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