225 E Avenida Palmera, Palm Springs, CA 92264
$2,000,000
Property Type:
Residential Income
Square Footage:
17,654
Lot Size (sq. ft.):
40,511
Status:
Closed
Current Price:
$2,000,000
List Date:
6/22/2009
Last Modified:
5/12/2026
Description
Rare, well maintained, highly sought after 18 unit investment property in Prime South Palm Springs Location. First time on the market since 1996. This apartment complex is unique offering the following unparalleled amenities: All units enjoy central ac, dishwashers, microwaves, private patios and covered carports. Tastefully landscaped on .93 acres, this prime property includes pool/spa and on-site common laundry. Four units include laundry ensuite. Tenants of this building enjoy walking to local shops and restaurants and easy access public transportation. Minutes from downtown Palm Springs, this desirable, quiet south end location is a neighborhood that tenants are happy to call home. Do Not miss this investment opportunity.
More Information MLS# 41369909
Listing, Location and Property Info
Entry Date: 2009-06-22
Land Type: Fee
Builders Tract Code: 7000
General Property Information
Total Units: 18
SqFt Source: Other
Price Per Unit: 0
Approx SqFt: 17654
Lot Acres: 0.93
Lot Size: 40511
Lot Size Source: Assessor
Year Built: 1976
Listing Info
Laundry: Yes
Income & Expenses
Actual Total Rent $: 0
Annual Gross Rent $: 0
Garage Income $: 0
Gross Annual Income $: 193050
Gross Income $: 0
Gross Operating Income $: 193050
Gross Schedule Income $: 193050
Gross Spendable Income $: 0
Laundry Income $: 0
Net Operating Income $: 147868
Other Income 1 $: 0
Other Income 2 $: 0
Advertising Expense $: 0
Cable TV $: 7320
Electricity $: 2868
Elevator Expense $: 0
Expense Management $: 9600
Furniture $: 0
Gardener $: 10800
Gas $: 2436
Insurance $: 4250
Licenses $: 0
Maintenance %: 0
Manager $: 9600
Operating Expenses $: 45182
Other Expense $: 0
Pest Control $: 1104
Pool Expense $: 2220
Repair/Maintenance %: 0
Security Expense $: 0
Supplies $: 0
Total Annual Operating Expenses $: 193050
Trash $: 2700
Water Expense $: 1884
Workers Compensation $: 0
Assessed Improved %: 0
Assessed Improvement $: 0
Assessed Total Value $: 0
Cap Rate %: 0
Personal Property Percent %: 0
Tax Rate %: 0
Total Taxes $: 0
Listing Terms
Cash: 1
Parking Spaces/Information
Total Covered Spaces: 0
Levels
One: 1
Two: 1
Cooling Type
Air Conditioning: 1
Pool Description
Heated: 1
Heating
Forced Air: 1
Laundry
Community: 1
Sewer
In, Connected and Paid: 1
Water
Water District: 1
Land Lease Type
Fee Simple: 1
Listing Location and Property Info
APN: 508345005
Status: Closed
Listing Date: 2009-06-22
Original List Price: 2400000
Sold Price: $2,000,000
Current Price: $2,000,000
Street #: 225
Street Direction: E
Street Name: Avenida Palmera
County: Riverside
State: CA
Zip Code: 92264
Area: 334 - Palm Springs South End
Neighborhood: Tahquitz River Estates
Status Change Info
Status Change Date: 2009-11-12
Pending Date: 2009-11-06
Closed Date: 2009-11-12
Closed Price: 2000000
Parking SpacesInformation
Total Parking Spaces: 2
Property Features
Listing Terms: Cash
Levels: One; Two
Cooling Type: Air Conditioning
Pool Description: Heated
Heating: Forced Air
Laundry: Community
Sewer: In, Connected and Paid
Water: Water District
Land Lease Type: Fee Simple
Listing Office:
Zephyr Real Estate
Listing Agent:
Phil Pappalardo
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.