$2,475,000

Estimated payment $15,455/month

Total Views 1,950
8 Beds
8 Baths
7,035 Sq Ft
$352 Price per Sq Ft

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

Ignacio Diaz Jr

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

14

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • Water Sewer Expenses: 1411.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 4620.00
  • Parcel Number: 627167007
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 351.81

Exterior Features

  • Pool Expense: 3400.00
  • Pool Features: Community
  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 2841.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Cul-De-Sac, Landscaped, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 36151.00
  • Lot Size Acres: 0.8299

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2799.00
  • Fuel Expense: 626.00
  • Gross Income: 178500.00
  • Gross Scheduled Income: 178500.00
  • Insurance Expense: 4725.00
  • Lot Size Area: 36151.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 124487.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 54013.00
  • Rent Control: No
  • Total Expenses: 54013.00

Tax Info

  • New Taxes Expense: 30591.00
  • Tax Block: 3
  • Tax Lot: 3
  • Tax Tract Number: 007
  • TaxOtherAnnualAssessmentAmount: 285.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25230746

California Regional Multiple Listing Service (CRMLS)

APN: 627-167-007