73655 Shadow Mountain Drive

Palm Desert, CA 92260

$4,999,900
Price
24
Beds
18,996 Sq. Ft.
$263 / Sq. Ft.
18,996
Sq. Ft.
$263
per Sq. Ft.

Description

Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units...Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.
  1. Listed by Jose Espinoza • DRE #01754045 • OZA Realty

Property Details for 73655 Shadow Mountain Drive

Subdivision Name
Not Applicable-1
Carport Spaces
1.00
Garage Spaces
1.00
View
Mountain(s), Peek-A-Boo
Cross Street
San Luis Rey

Location

Listing Courtesy of OZA Realty, Jose Espinoza, DRE #01754045
Add your commute
LISTING UPDATED: 05/17/2024 03:06 PM

Property Details for 73655 Shadow Mountain Drive

StatusActive
MLS #219111667
Days on Market15
Taxes$40,207 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
CountyRiverside County

Location

Listing Courtesy of OZA Realty, Jose Espinoza, DRE #01754045
Add your commute

Building Information for 73655 Shadow Mountain Drive

Building/Complex73655 Shadow Mountain DrFloor-Stories2Residences-Pet Policy-Year Built1972Building Size-

Payment Calculator

$30,637 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,287

Property Taxes

$3,351

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 73655 Shadow Mountain Drive

Summary
Location and General Information
  • Community Features: Community Mailbox
  • City: Palm Desert
  • Country: US
  • Directions: Please refer to GPS
  • Inclusions: 73665 & 73675 Shadow Mountain Dr are included in sale (APN: 627-311-034 & 327-311-013).
  • Levels: Two
  • Area: 323 - Palm Desert South
  • Senior Community: No
  • Unparsed Address: 73655 Shadow Mountain Drive, Palm Desert, CA 92260
  • Walk Score: 0
Parking
  • Parking Features: Assigned, Community Structure, Total Covered Spaces, Total Uncovered/Assigned Spaces
Taxes and HOA Information
  • Association Fee: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Premium Lot, Landscaped, Near Public Transit
  • Lot Size Acres: .00
  • Lot Size Square Feet: .00
  • Lot Size Area: 43,560.00
  • Lot Size Source: Appraiser
  • Parcel Number: 73665 & 73675 Shadow Mountain Dr are included in
  • Property Type: Residential Income
  • Property Sub Type: Apartment
Property and Assessments
  • Documents Count: 1
Utilities
  • Cooling: Zoned
  • Cooling: Yes
  • Sewer: In Connected and Paid
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Stucco
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Pool Features: Community, Safety Gate, In Ground
  • Pool Private: Yes
  • Pool: Yes
  • Roof: Composition, Flat
  • Security Features: Community
  • Spa Features: Community, In Ground
  • Spa: Yes
  • Stories Total: 2
Interior Features
  • Appliances: Water Heater
  • Bathrooms Full: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Total Bathrooms: 0
  • Fireplace: No
  • Heating: Zoned
  • Heating: Yes
  • Laundry Features: Community
  • Living Area: 18,996.00
  • View: Yes
Multi Family
Multi-Family Information
  • Special Listing Conditions: Standard

Property History for 73655 Shadow Mountain Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 73655 Shadow Mountain Drive

This home is within Desert Sands Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
George Washington Charter School
CharterK to 5

La Quinta Middle School
Public6 to 8

Palm Desert High School
Public9 to 12

Palm Desert Charter Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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73655 Shadow Mountain Drive is a multi-family home for sale in Palm Desert, CA 92260. This property was listed for sale on May 17, 2024 by OZA Realty, it's currently listed at $4,999,900. This listing's school district is Desert Sands Unified School District. Nearby schools include George Washington Charter School, La Quinta Middle School and Palm Desert High School. 73655 Shadow Mountain Drive is a 24-bed, 0-bath, 18,996 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of OZA Realty, Jose Espinoza, DRE #01754045

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.