0 Park Drive Palm Springs, CA ^$ 8,995,000

0 Park Drive

^$ 8,995,000

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Recently Listed New Construction

0 Park Drive

Palm Springs, CA, 92262

^$ 8,995,000

Bedrooms16 Baths19.0

Monthly Estimate*

^$ 62,833

Listed by Spalding & Associates

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Multi-Family Home for sale in Palm Springs, CA

for $8,995,000 with 16 bedrooms and 19 full baths. This home was built in 2017 on a lot size of 0.6887.

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.

Multi-Family Active

Price

^$ 8,995,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Modern

Lot Size

0.6887

Year Built

2017

Town/City

Palm Springs

County/Region

Riverside

MLS | Web ID

24383689

Days on Market

Features

General

Interior Features CeilingFans

Sewer Other

Heating Central NaturalGas

Cooling CentralAir

Appliances Barbecue Dishwasher Disposal Microwave Refrigerator Dryer Washer

Garage Spaces 6.0

Architectural Style Modern

Security Features GatedCommunity SmokeDetectors

Year Built 2017

View Mountains

Stories 1

Levels One

Gross Income 0.0

Community Features Gated

County Riverside

Net Operating Income 0.0

New Construction Y

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage Y

Subdivision Name Sunrise Park

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Compound is comprised of 3 adjacent homes between Park Drive and Belding Drive at Cerritos Road

City Palm Springs

View Y/N Y

Senior Community Y/N N

Open Parking Spaces 6.0

Total Units 3

MLS Area 332 - Central Palm Springs

Lot Size Square Feet 30000.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Park

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Year Built Source Estimated

Exterior

Total Parking 12.0

Lot Size Area 30000.0

Number of Buildings 3

Spa N

Lot Size Acres 0.6887

Lot Size Units SquareFeet

Lot Size Source Estimated

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Total Bedrooms 16

Electric On Property Y/N N

Total Baths 19

Internal Only

Street Number 1 0

* Excluded Features

List By

Spalding & Associates

Broker

(323) 375-4462

Phone

Affordability Calculator

$62,833

Per Month

Monthly Principal & Interest: $62,833
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Palm Springs, CA

Average List Price ^$2,361,143

Percent of Sale Price 74%

About Palm Springs, CA

46,525 Population

9% Since 2002

^$49,313 Median Income

54.63 Median Age

11% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/28/2024	$8,995,000		Listed Price

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0 Park Drive, Palm Springs, CA, 92262 is a Multi-Family Home for sale at $8,995,000 with a lot size of 0.6887. 0 Park Drive has 16 bedrooms, 19.0 baths, and was built in 2017. The property's zip code is 92262 which is in Palm Springs, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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0 Park Drive

Multi-Family Home for sale in Palm Springs, CA

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