East Park Drive

Palm Springs, CA 92262

$8,995,000
Price
16
Beds
19
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Rare opportunity to purchase hard-to-replicate, newly-built 2017 compound comprised of 3 luxury estate homes in Central Palm Springs. A unique investment opportunity ideal for high-yield vacation rentals, medium/long term rentals, and 1031 exchanges, these 3 custom-built, gate-connected properties are on 3 fee-simple APNs. You own the land with no land lease. With a proven rental track record, each home is fully equipped with luxury amenities and modern systems and ready for immediate use. This compound...Rare opportunity to purchase hard-to-replicate, newly-built 2017 compound comprised of 3 luxury estate homes in Central Palm Springs. A unique investment opportunity ideal for high-yield vacation rentals, medium/long term rentals, and 1031 exchanges, these 3 custom-built, gate-connected properties are on 3 fee-simple APNs. You own the land with no land lease. With a proven rental track record, each home is fully equipped with luxury amenities and modern systems and ready for immediate use. This compound not only offers immediate income potential but also positions investors well within a high-demand rental market. Neighborhood is currently under the vacation rental cap.
  1. Listed by David Crosta • DRE #02069363 • Brokerage DRE #00553830 • Spalding & Associates

Property Details for East Park Drive

Style
Modern
Parcel Number
UNAVAILABLE
Total Units
3.0
Area
Palm Springs Central (332)
Subdivision Name
Sunrise Park
Vacancy Rate
0
Lot Size Area
30000
Source Lot Size Area
Estimated

Location

Listing Courtesy of Spalding & Associates, David Crosta, DRE #02069363
Add your commute
LISTING UPDATED: 05/02/2024 12:01 AM

Property Details for East Park Drive

StatusActive
MLS #24-383689
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2017
Lot Size0.69 AC / 30,000 SF
CountyRiverside County

Location

Listing Courtesy of Spalding & Associates, David Crosta, DRE #02069363
Add your commute

Building Information for East Park Drive

Stories1Residences-Year Built2017Building Size-Lot Size0.69 AC / 30,000 SF

Payment Calculator

$49,089 per month

30 year fixed, 7.25% Interest

Principal and Interest

$49,089

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for East Park Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
  • Builders Tract Name: Sunrise Park
  • Builders Tract Code: 5830
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: SFR
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
  • Security Features: Gated, Smoke Detector
  • Property Condition: New Construction
  • Sewer: In Street
  • Water Heaters: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: As Is, Audio/Video Surveillance, Owner Has R.E. License, Owner Is Listing Agent
  • Listing Type: Exclusive Right To Sell
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 30000
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 12
  • Covered Parking: 6
  • Open Other Spaces Total: 6
  • Garage Spaces Total: 6
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Multi/Zone, Central
  • Heating: Central, Natural Gas
  • Heating Type: Central, Natural Gas
  • Equipment: Alarm System, Barbeque, Cable, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-28-2024
Unit Details
Unit 1 Information
  • Unit Beds: 6
  • Unit Baths: 7
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 5
  • Unit Baths: 6
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for East Park Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near East Park Drive

This home is within Palm Springs Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Katherine Finchy Elementary School
PublicK to 5

Raymond Cree Middle School
Public6 to 8

Palm Springs High School
Public9 to 12

Desert Learning Academy
PublicK to 12

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.

Similar Homes

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East Park Drive is a multi-family home for sale in Palm Springs, CA 92262. This property was listed for sale on April 24, 2024 by Spalding & Associates, it's currently listed at $8,995,000. This listing's school district is Palm Springs Unified School District. Nearby schools include Katherine Finchy Elementary School, Raymond Cree Middle School and Palm Springs High School. East Park Drive is a 16-bed, 19-bath, multi-family home built in 2017.

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 Spalding & Associates, David Crosta, DRE #02069363

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.