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311 S Sunrise Way
Palm Springs, CA 92262
Marquee Apartments · Multifamily Property For Sale
·
175 Units
PROPERTY FACTS
| No. Units | 175 | Building Size | 113,804 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2018 |
| Building Class | A | Parking Ratio | 1.17/1,000 SF |
| Lot Size | 3.90 AC | ||
| Zoning | R4 | ||
| No. Units | 175 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 3.90 AC |
| Building Size | 113,804 SF |
| Average Occupancy | 87% |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2018 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Deck
- Dining Room
- Patio
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Sauna
- Spa
- Tennis Court
- Gated
- Grill
- Recycling
- Storage Space
- Elevator
- Maintenance on site
- Online Services
ABOUT 311 S SUNRISE WAY , PALM SPRINGS, CA 92262
CBRE as the exclusive listing agent, is pleased to offer for sale the Marquee Apartments, a 175-unit multifamily community in Palm Springs, California. Marquee offers an investor a unique opportunity to acquire a large value-add opportunity in burgeoning Palm Springs. Current ownership has upgraded the property amenities, adding a new business center/ Wi-Fi lounge, fitness center, and renovated leasing office. With a strong rental market and no new apartments in the development pipeline, the time is ideal for a new owner to begin renovating unit interiors to compete with other projects in Palm Springs that are achieving significantly higher rents for their renovated units. Palm Springs is witnessing a historic renaissance, with a number of transformational projects now under construction in the downtown historic core. These projects are looking to capitalize on the strong documented growth in tourism occurring throughout the Coachella Valley and Palm Springs. As the center of art and modernist architecture, Palm Springs continues to attract a younger demographic to enjoy its 300 days of sunshine.
PROPERTY TAXES
| Parcel Number | 508-110-052 | Improvements Assessment | $19,912,013 |
| Land Assessment | $3,413,486 | Total Assessment | $23,325,499 |
PROPERTY TAXES
