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
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1963
Lot Size 0.390 Acres
Property Description
This beautifully maintained mid-century 7-unit property sits in the heart of Palm Springs. Each spacious unit offers 2 bedrooms and 1.25 baths, complete with private patios and off-street parking. A central courtyard pool offers stunning mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units, with tenants covering their own heating and cooling costs. There's also an 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. Just 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. $14,700/month or $176,400 annually. 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
Fireplace No
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
Total Parking Spaces 9
Private Pool Yes
Building
Story 1
Entry Level One
Foundation Slab
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 502163005
Security Features Gated Community
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard