44700 San Jacinto Ave Palm Desert, CA 92260
Palma Village Groves NeighborhoodEstimated payment $15,455/month
Highlights
- No Units Above
- 0.83 Acre Lot
- No HOA
- Palm Desert High School Rated A
- Corner Lot
- Community Pool
About This Home
44700 San Jacinto Avenue is a Pride of Ownership investment property, located in highly desired South Palm Desert. Within a 5-minute walk you will find the prestigious “El Paseo Shopping District,” known as the Rodeo Drive of the desert with public art pieces, upscale stores, boutiques, several dining establishments, and the host of the annual Palm Desert Food & Wine Festival and El Paseo Fashion Week. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio and more than 120 golf courses within the Coachella Valley are also easily accessible.
The current ownership has immaculately maintained the property with several interior and exterior renovations that are evident throughout. Improvements include, a fully renovated pool area with BBQ’s, a sun deck and chaise lounge area, drought tolerant landscaping, patios, colored concrete walkways with upscale LED lighting, new kitchens with quartz countertops, bathrooms, exterior paint to highlight the architectural features of the building and much more. Built in 1988 to condo type specs, the property consists of a collection of seven spacious 2-bedroom 2-bath apartment homes averaging roughly 1,000 square feet each with washer and dryer hookups, central air / heat and assigned two car garages. The size of the floor plans, the amenities, the renovations completed and the location, have made these units easy to rent, attracted longer-term tenants and has produced solid income. This is a well located, excellent turn-key investment property for any type of investor or a 1031 Exchange opportunity.
Listing Agent
Investment Capital Real Estate Brokerage Email: id@investmentcapitalre.com License #01379930 Listed on: 10/02/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 0.83 Acre Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Cul-De-Sac
- Landscaped
- Corner Lot
Parking
- 14 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
- Tile Roof
Interior Spaces
- 7,035 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Additional Features
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 3 / 3
- Tax Tract Number 7
- Assessor Parcel Number 627167007
- $285 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 7 Units
Recreation
- Community Pool
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,799
- Fuel Expense $626
- Gardener Expense $4,620
- Insurance Expense $4,725
- Maintenance Expense $3,000
- Pool Expense $3,400
- Trash Expense $2,841
- Water Sewer Expense $1,411
- New Taxes Expense $30,591
- Operating Expense $54,013
- Gross Income $178,500
- Net Operating Income $124,487
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2025 10/02/25 | For Sale | $2,475,000 | +178.1% | $352 / Sq Ft | |
| 05/24/2012 05/24/12 | Sold | $890,000 | -1.0% | $127 / Sq Ft | View Prior Sale |
| 04/16/2012 04/16/12 | Pending | -- | -- | -- | |
| 12/14/2011 12/14/11 | For Sale | $899,000 | -- | $128 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25230746
APN: 627-167-007
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