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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.

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Hi, I'm Darlene Harwick and I provide real estate service to buyers and sellers in the Palm Springs area.

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