40235 Harris Lane
Palm Desert, CA 92211
3.29 acres | #CV24155855
Description
We are proud to present an exceptional opportunity to acquire the Monta Vista Townhomes, a meticulously well kept 24-Unit multifamily property situated between Country Club Drive and Washington Street on 40235 Harris Lane in the city of Palm Desert. With each unit having its own individual parcel number, this property has ±24,360 of rentable SF and is situated on a generous ±143,312 SF lot. Property is eligible for short term rental permits and is located in the R-3 Zone.
Palm Desert boasts sunshine most of the year creating consistent demand for rentals due to the steady influx of residents. 40235 Harris Lane offers a central location with convenient access to public transportation and the 10 Freeway, in addition to a variety of retail centers, high-end restaurants, shops and resorts catering to diverse needs and providing excellent entertainment options for residents.
The desirable Monta Vista Townhomes feature large, open-style floor plans with upgraded fully equipped kitchens with stainless steel appliances, modern fixtures, vertical blinds, central AC/heating, washer and dryer hook-ups, private patios and a combination of stylish plank wood and carpet flooring throughout.
The property boasts a combination of desert and lush landscaping with lovely mountain views, covered carport parking, laundry facilities, private dog park, tennis court and a luxury resort style pool and spa.
The Monta Vista Townhomes is a stable income-producing asset in the Coachella Valley, promising a strong return on investment. Whether you’re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Property Details
- Lot DescriptionTwentyOneToTwentyFiveUnitsAcre, LotOver40000Sqft
- Stories2
Measurements
- Acres3.29
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1981
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- Subdivision, Monta Vista Townhomes
Location
- CountyRiverside
Financial Details
- Original List Price$6,200,000
Other
- MLS #CV24155855
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: ERIC CHEN (#C32772)
Listing Office: CB RICHARD ELLIS (#1177)
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