40235-40255 Harris Ln | Palm Desert, CA 92211
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40235-40255 Harris Ln
Palm Desert, CA 92211
Monta Vista Townhomes · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Ideal Opportunity to Acquire a 24-Unit Property in Palm Desert with a 5.04% Cap Rate Already In Place
- Condo Map Property with Each Unit Having its Individual APN
- Value-Add Opportunity; Approximately 21% Rental Upside Potential
- Well-Kept ±24,360 SF Property Situated on a Spacious ±143,312 SF Lot Built in 1980
- Featuring All Two-Bedroom Townhome Floor Plans | Average Unit Size of 1,015 SF Feet
- Extensively Renovated and Upgraded Property Including: New Appliances, Replace Bath Tubs/Sinks, Replace Ceiling Fans, Replace AC/Heating, New Flooring
PROPERTY FACTS
| No. Units | 24 | Building Size | 24,360 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Lot Size | 3.29 AC | ||
| Zoning | R-3, Palm Desert | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.29 AC |
| Building Size | 24,360 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | R-3, Palm Desert |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer Hookup
- Stainless Steel Appliances
- Tub/Shower
- Dining Room
SITE AMENITIES
- Pool
- Spa
- Tennis Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 24 | $1,880 | 1,015 |
PROPERTY TAXES
| Parcel Number | 632-071-001 | Improvements Assessment | $171,667 |
| Land Assessment | $57,500 | Total Assessment | $229,167 |
PROPERTY TAXES
Parcel Number
632-071-001
Land Assessment
$57,500
Improvements Assessment
$171,667
Total Assessment
$229,167
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