CA > Palm Desert > El Paseo Village
Palm Desert, CA 92260,74443 Driftwood DR
Palm Desert, CA 92260,74443 Driftwood DR
Palm Desert, CA 92260,74443 Driftwood DR
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$1,030,000
Est. payment /mo
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2 Beds
2 Baths
3,188 SqFt
Active

74443 Driftwood DR Palm Desert, CA 92260

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Lisa Manczuk

Lisa Manczuk

+1(702) 927-4046

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,188 sqft

Price per Sqft $323

Subdivision El Paseo Village

MLS Listing ID SW25054919MR

Bedrooms 2

Year Built 1974

Lot Size 9,148 Sqft

Property Sub-Type Multi-Family

Property Description

This offering is a rarity. A trophy apartment in the finest area of Palm Desert, the area of El Paseo! And it's just short walking distance from the El Paseo shopping district, grocery, and the Westfield Mall. Palm Desert is the finest area of the Coachella Valley, and the El Paseo district is the finest area of Palm Desert!! This 4Plex consists of four 2 bedrooms, 1 & 1/2 half baths. It further has carport parking, a beautiful pristine pool, and a large pool deck for tenants and guest. The kitchens are upgraded with newer appliances and granite counter tops. This complex further has central heat/air throughout. All tenancies are month to month and can be brought up to market. There's one vacancy and one unit who's currently a handyman/manager who can be brought up to market rents. PLEASE SEE RENT ROLL ATTACHED IN SUPPLEMENTS PACKAGE. Since rents are month to month, please check out the market rents you can get in this fine neighborhood. Nearby market rents per rent comps are $2,300 per month. PLEASE SEE RENT COMPS IN SUPPLEMENTS ATTACHED. At market rents, the complex really performs. It puts out $110,000 in annual gross income, a 9.33 Gross Rent Multiplier, a 9.84% Cap Rate, and a robust 21.95% Cash on Cash Return!! PLEASE SEE THE SUPPLEMENTS ATTACHED FOR DETAILS ON THESE RETURNS!! Seller to pick services. Buyer/Buyer's agent to provide and pay for (email, DocuSign, etc) all TC services for Buyer & Seller, including all disclosures, documents/paperwork, they require for Buyer and Seller to sign. SELLER MAY CARRY!!! PLEASE CALL FOR DETAILS!!!

Location

State CA

County Riverside

Area Palm Desert South

Zoning R303M

Interior

Heating None

Laundry Laundry Area, Room

Exterior

Garage Spaces 5.0

Pool Private

Community Features Foothills, Storm Drains, Street Lights

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Burton Commercial, Inc.

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agent

Lisa Manczuk

Agent | RE.S.0180264

+1(702) 927-4046

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74443 Driftwood DR