74443 Driftwood Drive
Palm Desert, CA 92260
- 2 beds
- – baths
- 3,188 sqft
- 9,148 sqft lot
- $323 per sqft
- 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 RETURN
Last checked:
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Last updated Mar 13, 2025
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MLS# CRSW25054919 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1974
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Building Area Units:Square Feet
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Building Area Total:3188
Room Dimensions
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Living Area:3188
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Living Area Units:Square Feet
Location
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Directions:Cook to Driftwood
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:625143014
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Zoning:R303
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Lot Size Area:0.21
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Lot Size Acres:0.21
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Lot Size SqFt:9148
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Lot Size Units:Acres
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:451.17
Beds
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Bedrooms Total:2
The Listing
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Listing Terms:Cash
Heating & Cooling
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Heating:None
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Heating:false
Appliances
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Laundry Features:Common Area
The Community
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Association:false
Parking
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Parking Total:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/12/25
Mar 12, 2025
|
Listed / Active | BRIDGE | $1,030,000 |
