Listing provided courtesy of Steven Mogavero of Desert Properties of Coachella Valley. Last updated 2025-04-04 08:26:21.000000. Listing information © 2024 Sandicor.
Asking Price: $729,950 |
73282 Ca-111, Palm Desert CA 92260
Community: 322 - North Palm Desert
This property was built in 1952 and is priced at $729,950. Please see the additional details below.
Leased investment being sold for lot value. Building . currently set up with retail/office/service businesses. Total of 7 suites, with 3 tenants occupying 5 of these suites( 2 are vacant), and currently generating total of $3700/month. 2 suites on the street, others are in courtyard type setting. 2 bathrooms. Huge rear parking lot with 14+ parking spots. Same owners for 20+ years realize there is a lot of deferred maintenance, and have priced this accordingly. All current tenants are on month-to-month or their lease is up June of this year. Great for an owner user, looking to develop in the future -If fully leased, this would perform at approx. a 6 CAP with new taxes, insurance , etc.
