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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$3,500,000

Est. payment - /mo

0.93 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Vista Las Palmas (33273)

MLS Listing ID PW26156366

HOA Y/N No

Year Built 1936

Lot Size 0.930 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present Sunset Palms Apartments, a well-maintained 24-unit apartment community located in Palm Springs, CA. The property offers an attractive unit mix consisting of spacious studios, one-bedroom, and two-bedroom units across three side-by-side individual parcels. Most units have been extensively upgraded with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless steel sinks, and new dual pane windows and sliding glass doors. Community amenities feature two sparkling swimming pools within gated courtyards, new ductless mini split air heating and air conditioning systems, and ample open parking. Sunset Palms offers an exceptional value-add investment opportunity with approximately 28% upside in rental income. The property is currently generating a 5.5% cap rate on in-place rents, with the potential to achieve an 8.2% cap rate as rents are brought to market, providing investors with a clear path to increased cash flow and long-term appreciation.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating None

Fireplace No

Laundry Common Area

Exterior

Pool Community

Community Features Sidewalks, Pool

Total Parking Spaces 44

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 505184019

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Ryan Loria Triqor Group 949-756-3232, DRE #02006138

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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1433 1455 N Indian Canyon DR Palm Springs, CA 92262

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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