$3,500,000

Multi Family In Palm Springs

  • 4 Beds
  • 5 Baths
  • 40,511 Sqft lot
  • Updated: July 18
  • Source:
    San Diego MLS  MLS#PW26156366

About the Property

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, sta
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.
  • Property type

    Other

  • Floors

    2

Features

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1433-1455 N Indian Canyon Drive, Palm Springs, California, United States View on Google Maps
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Triqor Group - Newport Beach

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Triqor Group - Newport Beach
California, United States
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11
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2025
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Triqor Group - Newport Beach
Newport Beach, California, United States
View agency profile
Last updated
July 18
First listed
Jul 18
Listing reference
PW26156366
Listing status
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