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73655 Shadow Mountain Drive

Palm Desert, CA 92260

24 beds
– baths
18,996 sqft
$203 per sqft
1972 build

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Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.

Listing courtesy of DAMLS / OZA Realty

Last checked: Checking… • Last updated Nov 20, 2024 •

MLS# 219111667 —

The Building

Year Built:

1972
Year Built Source:

None
Year Established:

None
Construction Materials:

Wood Siding, Stucco
New Construction:

No
Builder Name:

None
Builder Model:

None
Building Area Total:

18996.0
Building Area Source:

None
# of Buildings:

None
# of Units Total:

None
Unit Number:

None
Building Name:

None
Building Features:

None
Roof:

Composition, Flat
Stories:

None
Stories Total:

2
Levels:

Two
Door Features:

None
Security Features:

Community
Basement:

None
Foundation Details:

Slab
Roofing -Composition:

true
Exterior -Wood Siding:

true

Interior

Rooms Total:

None
Furnished:

None
Entry Location:

None
Fireplace:

false
Laundry Features:

Community

Room Dimensions

Living Area:

18996.0
Living Area Source:

None

Location

Directions:

None
Cross Street:

San Luis Rey
Latitude:

33.717629
Longitude:

-116.37961

The Property

Property Type:

Residential Income
Property Subtype:

Apartment
Topography:

None
Lot Features:

Premium Lot, Landscaped, Near Public Transit
Lot Size Area:

43560.0
Lot Dimensions Source:

None
Lot Size Source:

Appraiser
Current Use:

None
Possible Use:

None
View:

Mountain(s), Peek-A-Boo, Pool
View:

true
Parcel Number:

73665 & 73675 Shadow Mountain Dr are included in
Additional Parcels:

No
Property Attached:

No
Exterior Features:

Balcony
Inclusions:

73665 & 73675 Shadow Mountain Dr are included in sale (APN: 627-311-034 & 327-311-013).
Water Body Name:

None
Waterfront:

No
View:

Yes
Fencing:

None
Sprinkler System:

true
Road Frontage Type:

None

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

40207.0
Tax Legal Description:

None

Beds

Bedrooms Total:

24

Baths

Partial Baths:

None

The Listing

Home Warranty:

No
Disclosures:

Property As Is

Heating & Cooling

Heating:

Zoned, Other
Heating:

true
Cooling:

Zoned, Other
Cooling:

true

Utilities

Water Source:

None
Sewer:

In, Connected and Paid

Schools

Elementary School:

None
Elementary School District:

None
Middle Or Junior School:

None
Middle Or Junior School District:

None

The Community

Subdivision Name:

Not Applicable
Gated Community:

Yes
Senior Community:

false
Senior Community:

No
Community Features:

Community Mailbox
Spa:

true
Pool:

Yes
Pool Private:

true
Pool Features:

Community, Safety Gate, In Ground
Pets Allowed:

None
Association:

None
Association Name:

None
Association Fee:

None
Association Fee Frequency:

None
Association Fee 2:

None
Association Fee 2 Frequency:

None
Cap Rate:

None
# of Units In Community:

None
Spa Features:

Community, In Ground

Parking

Garage Spaces:

1.0
Attached Garage:

None
Covered Spaces:

None
Total Covered Spaces:

1.0
Parking Total:

4.0
Parking Features:

Assigned, Community Structure, Total Covered Spaces, Total Uncovered/Assigned Spaces
Open Parking Spaces:

None
Assigned Parking:

true
Total Uncovered Assigned Spaces:

1.0
RV Parking:

No
Carport Spaces:

1.0

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
8/4/24 Aug 4, 2024	Pending	DAMLS	$3,869,250
8/1/24 Aug 1, 2024	Sold	DAMLS	$3,869,250	-5.6%
6/19/24 Jun 19, 2024	Sold Subject To Contingencies	DAMLS	$4,100,000

Multifamily Sold on 8/1/2024

$3,869,250

Listing provided by broker:

Jose Espinoza

OZA Realty

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Listing Courtesy of: DAMLS and OZA Realty.

The information being provided by DAMLS is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of DAMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

73655 Shadow Mountain Drive

Palm Desert, CA 92260