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449 E Arenas Rd
Palm Springs, CA 92262
Latitude 33 · Multifamily Property For Sale
·
121 Units
PROPERTY FACTS
| No. Units | 121 | Building Size | 74,390 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1969/2016 |
| Building Class | B | Parking Ratio | 1/1,000 SF |
| Lot Size | 3.60 AC | ||
| Zoning | R2, Palm Springs | ||
| No. Units | 121 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.60 AC |
| Building Size | 74,390 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1969/2016 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R2, Palm Springs |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Tile Floors
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
- Patio
SITE AMENITIES
- Laundry Facilities
- Pool
- Security System
- Gated
- Grill
- Laundry Service
ABOUT 449 E ARENAS RD , PALM SPRINGS, CA 92262
Built in 1965, Latitude 33 was meticulously renovated in 2016 to provide its residents a modern rental-living option in Palm Springs. Current ownership maintained the building’s unique features while repositioning the community, it also blended modern must-haves such as quartz countertops, stainless steel appliances and vinyl plank flooring. Over half of the units consist of loft or townhouse style floor plans. Residents enjoy a wealth of community amenities, a truly rare attribute for an asset of this size. The property features a resort-style swimming pool, furnished sundeck with barbecue and dining area, concrete fire pit, shade sails, laundry facilities, bicycle racks, and secured parking. The 121-unit community is comprised of 60 studios, 30 one-bedroom/one bath loft units, 30 two-bedroom/one bath townhouse units, and one oversized two-bedroom/one and one-half bath deluxe townhouse unit, measuring approximately 1,500 square feet. The apartment homes feature fully equipped kitchens, central heating and air conditioning (studios contain wall-units), new cabinets, modern light and plumbing fixtures, hardware, and ceramic tile flooring in the bathrooms. The property is well-positioned for select unit interior and amenity upgrades, which should further enhance the community’s marketability to current and prospective residents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 60 | - | 450 |
| 1+1 | 30 | - | 687 |
| 2+1 | 31 | - | 913 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $14,934,010 | |
| Land Assessment | $3,982,401 | Total Assessment | $18,916,411 |
PROPERTY TAXES
