42995 Park, Palm Desert, California 92260, Palm Desert, 92260 - 0 bed, 0 bath
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Palm Desert, California 92260
Analysis of 42995 Park, Palm Desert, California 92260 is currently available with a list price of $1,475,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palm Desert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While built in 1989, the property is exceptionally well-maintained with critical system updates including a newer roof and newer A/C units. The interior features newer tile and laminate flooring, making the units move-in ready and functional for immediate rental.
With three of the four units currently vacant, the new owner has the immediate opportunity to lease at current market rates and hand-select tenants, maximizing the property's income potential from day one.
The property boasts a newer roof and A/C units, along with updated tile and laminate flooring, which significantly reduces the risk of near-term capital expenditures and enhances tenant appeal.
Located in the highly sought-after South Palm Desert area near El Paseo and the new Disney Cotino resort, this quadruplex offers rare luxury amenities including a pool, spa, and private garage parking.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3986, other record living area = 3868.
The monthly association fee of $980 is substantial for a multi-family property of this size, which may compress the net operating income and impact the overall capitalization rate for investors.
The high vacancy rate at the time of sale means the property will not be fully cash-flow positive upon closing, requiring the buyer to have sufficient reserves to cover debt service and operating expenses during the lease-up period.
PRICED TO SELL!!!!! DON'T MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY. THIS EXCEPTIONAL WELL MAINTAINED LUXURY MULTI-FAMILY PROPERTY ON PARK PLACE IN PALM DESERT IS A PRIME INVESTMENT. EACH UNIT HAS MASTER BEED ROOM WITH A STRONG LAYOUT,NEWER TILE AND LAMINATE FLOORING AND DESIRABLE AMENITIES LIKE GARAGE PARKING, A POOL, AND SPA. IT APPEALS TO SERIOUS LONG TERM AND SHORT TERM TENANTS. NEWER ROOF AND A/C UNITS. ONLY ONE UNIT RENTED! 3 UNITS ARE VACANT TO GET HIGH MARKET RENTS FOR NEW OWNER. PLEASE CALL FOR MORE RENTAL INFORMATION. POSSIBLE OWNER FINANCING AVAILABLE. THE AREA IS SERVED BY EXCELLENT SCHOOLS, INCLUDING ABRAHAM LINCOLN ELEMENTARY AND PALM DESERT HIGH SCHOOL, MALL, EL PESEO, FWY ACCESS, COSTCO, SAMS CLUB AND NEW DISNEY RESORT COTINO. MAKING IT CONSISTENTLY SOUGHT AFTER. IT'S THE PERFECT ADDITION TO ANY PORTFOLIO, WHETHER YOU'RE JUST STARTING INVSTIONG OR LOOKING TO EXPAND. THIS PROPERTY QUALIFIES FOR STANDART FHA, VA AND CONVENTIONAL FININCING IF OWNER OCCUPIED.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,986 | - |
| Lot Size | 15,246 | - |
| Price | $1.48M | $820.0K |
| Price per sq ft | $370 | $163 |
| Built year | 1989 | 0 |
| HOA | $980.0 | $0 |
| Days on market | 10 | 36 |
Jul 12, 2026
$1,475,000
Initial Listing
Jun 6, 2022
$1,600,000
Public Record
Feb 28, 2022
$1,350,000
Public Record
May 24, 2010
$435,000
Public Record
Oct 16, 2003
$549,000
Public Record