493 E Vista Chino
Palm Springs, CA 92262
Las Montanas Apartments · Multifamily Property For Sale · 19 Units

The current owner converter the pool house into a single two-bedroom one-bathroom unit. Thirteen of the units have been fully renovated and redesigned with new interior and exterior paint as well as ceramic tile flooring, new kitchen counter-tops, and new fixtures throughout units. Construction is concrete slab, wood frame, stucco exterior, and rolled flat roof. The concrete throughout the property was resurfaced in 2015 including the courtyard and pool deck. Landscaping includes decomposed granite rock planters, light desert shrubs, mature trees, and LED lighted walkways. The property is comprised of four garden-level buildings. Parking consists of 28 free surface spaces. Unit interiors feature central heating and air conditioning and fully equipped kitchens. The property also provides an in ground sparkling swimming pool surrounded by a spacious courtyard. There is one on-site laundry facility with brand new laundry equipment. Las Montanas has been a well-thought out redevelopment project in the making and offers investors a solid base for future renovations. The property's close proximity to Downtown Palm Springs and well-located position in the rapidly growing Coachella Valley makes Las Montanas an ideal asset for an investor looking to acquire a fundamentally strong income property with upside potential.