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40235 Harris Lane

Palm Desert, CA 92211

– beds
– baths
– sqft
~3 acre lot
1981 build
– on site

We are proud to present an exceptional opportunity to acquire the Monta Vista Townhomes, a meticulously well kept 24-Unit multifamily property situated between Country Club Drive and Washington Street on 40235 Harris Lane in the city of Palm Desert. With each unit having its own individual parcel number, this property has ±24,360 of rentable SF and is situated on a generous ±143,312 SF lot. Property is eligible for short term rental permits and is located in the R-3 Zone. Palm Desert boasts sunshine most of the year creating consistent demand for rentals due to the steady influx of residents. 40235 Harris Lane offers a central location with convenient access to public transportation and the 10 Freeway, in addition to a variety of retail centers, high-end restaurants, shops and resorts catering to diverse needs and providing excellent entertainment options for residents. The desirable Monta Vista Townhomes feature large, open-style floor plans with upgraded fully equipped kitchens with stainless steel appliances, modern fixtures, vertical blinds, central AC/heating, washer and dryer hook-ups, private patios and a combination of stylish plank wood and carpet flooring throughout. The property boasts a combination of desert and lush landscaping with lovely mountain views, covered carport parking, laundry facilities, private dog park, tennis court and a luxury resort style pool and spa. The Monta Vista Townhomes is a stable income-producing asset in the Coachella Valley, promising a strong return on investment. Whether you’re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

Listed By CRMLS_CA / ERIC CHEN / CB RICHARD ELLIS / 626-757-5717

Last checked: Checking… • Last updated Oct 19, 2024 •

MLS# CV24155855 —

The Building

Year Built:

1981
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

24360.00
Building Area Units:

Square Feet
# of Buildings:

3
Total Number Of Units:

24
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

24

Interior

Levels:

Two
Entry Location:

1
Laundry:

Electric Dryer Hookup, Washer Hookup
Laundry:

1

Location

Directions:

Merge onto I-10 E, Exit Washington St, Use the right lane to turn right onto Washington St, Turn right onto Harris Ln
Latitude:

33.75576600
Longitude:

-116.30460800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

21-25 Units/Acre, Lot Over 40000 Sqft
Lot Size Area:

143312.0000
Lot Size Acres:

3.2900
Lot Size SqFt:

143312.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

through 632-071-024
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

A
Tax Census Tract:

449.27
Tax Tract:

155...
Tax Lot:

1-P

The Listing

Special Listing Conditions:

Standard
Parcel Number:

632071001

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

Monta Vista Townhomes
Senior Community:

No
Features:

Curbs, Sidewalks
Pool:

Community
Private Pool:

No
Spa:

1
Spa Features:

Community

Parking

Parking Spaces:

26.00
Carport Spaces:

26.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/17/24 Oct 17, 2024	Price Changed	CRMLS_CA	$6,000,000	-3.2%
7/31/24 Jul 31, 2024	Listed / Active	CRMLS_CA	$6,200,000	6426.3% (459.1% / YR)
8/2/10 Aug 2, 2010		DAMLS	$95,000

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This multifamily located in Palm Desert, CA 92211 is currently for sale for $6,000,000. 40235 Harris Lane is a – square foot multifamily with – beds and – baths that has been on Estately for 106 days. This multifamily is in the attendance area of Ronald Reagan Elementary School, Colonel Mitchell Paige Middle School, and Palm Desert High School.

Listing Courtesy of: CRMLS_CA and CB RICHARD ELLIS. Based on information from California Regional Multiple Listing Service, Inc. as of 22:03 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.