PRICE REDUCTION!!!
CBRE is pleased to offer for El Paseo Place in Palm Desert, CA. El Paseo Place is located off the famous El Paseo Drive, the “ Beverly
Hill’s Rodeo Drive” of Coachella Valley. The El Paseo Shopping District is the Desert’s world-class oasis of style and luxury. El Paseo
Drive is located in Palm Desert, California which is the heart of the vibrant Coachella Valley.
El Paseo Place is a beautiful 25 Unit Multi-Family building consisting of (1) Studio, (16) 1 Bed l 1 Bath, and (8) 2 Bed l 1 Bath. Built
in 1988, this complex provides tenants with a spacious living community where the property sits on .96 acres of land. The current
owner has recently painted the building and renovated units with new cabinets, flooring, paint, and electric fixtures. Each unit
is individually metered for electricity and have their own individual water heaters and A/C’s. All units come with dishwashers,
refrigerators and stoves. Units have their own balcony and walk in closets. There is a common area with a BBQ area and swimming
pool available for the tenants to use. There is an on-site laundry room with two washers and two dryers that are user owned.
Owner has spent over $50,000 in 2018 in improvements in the building for new HVAC systems and new roofs.
El Paseo Place provides a luxurious style of living near luxury centers. Tenants have the opportunity to experience a dynamic
collection of world-renowned designer boutiques and inviting restaurants. This offering provides an owner with the opportunity to
acquire a turnkey asset with rental upside. Please contact Cray or Kevin for more information.
