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74443 Driftwood Drive

Palm Desert, CA 92260

– beds
– baths
– sqft
9,148 sqft lot
1974 build
– on site

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!! And we are priced at a very great buy!! Please see the latest sale comps attached. These sale comps are nearby 4Plexes, in Palm Desert, similar quality/age with similar beds/baths that sold at the following prices: 42662 Clifford Street sold for $1,335,000!!! 42612 634 Clifford Street sold for $1,365,000!!! FOR DETAILS ON THESE COMPARABLE SALES, PLEASE SEE SUPPLEMENTS ATTACHED. Seller to pick services. Buyer/Buyer's agent to provide and pay for (email, DocuSign, etc) all TC services, including all documents/paperwork, they require for Buyer and Seller to sign.

Listed By CRMLS_CA / Tony Burton / Burton Commercial, Inc. / 951-375-7433

Last checked: Checking… • Last updated Mar 12, 2025 •

MLS# SW25054919 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1974
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

3188.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

1
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Levels:

One
Entry Location:

front
Laundry:

Common Area, Individual Room
Laundry:

1

Location

Directions:

Cook to Driftwood
Latitude:

33.71805800
Longitude:

-116.36618100

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

R303M
Lot Features:

2-5 Units/Acre
Lot Size Area:

9148.0000
Lot Size Acres:

0.2100
Lot Size SqFt:

9148.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

451.17
Tax Tract:

34
Tax Lot:

34

The Listing

Special Listing Conditions:

Standard
Parcel Number:

625143014

Heating & Cooling

Heating:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

El Paseo Village (32310)
Subdivision:

El Paseo Village (32310)
Features:

Foothills, Storm Drains, Street Lights
Association:

No
Pool:

Private
Senior Community:

No
Private Pool:

Yes

Parking

Parking Spaces:

5.00
Carport Spaces:

5.00

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
3/12/25 Mar 12, 2025	Listed / Active	CRMLS_CA	$1,030,000

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This multifamily located in Palm Desert Estates, Palm Desert, CA 92260 is currently for sale for $1,030,000. 74443 Driftwood Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 74443 Driftwood Drive is in the Palm Desert Estates neighborhood of Palm Desert and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Palm Desert High School, George Washington Charter School, and La Quinta Middle School.

Listing Courtesy of: CRMLS_CA and Burton Commercial, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 18:30 on Mar 12.

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.