44700 Las Palmas Avenue, Palm Desert, California 92260, Palm Desert, 92260 - 6 bed, 3 bath
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44700 Las Palmas Avenue
Palm Desert, California 92260
ACTIVE UNDER CONTRACT
CONDITION: FAIR
6Beds
3Baths
2,139Sq Ft
7,405Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$760,628
SUMMARY
This triplex represents a Strong Value Opportunity, listed at $749,000—positioned well above the $697,136 Fair Market Value by 7%. While priced at a premium, the property offers a stabilized income stream of $59,000 annually. With a Fair Condition Rating, the asset features stainless steel appliances and in-unit laundry hookups in a prime location near El Paseo. This is a reliable, income-producing Multifamily Asset ideal for Buy-and-Hold Investors or Passive Income Seekers looking for a turnkey rental in Palm Desert.
Estimated Market Value
$760,628
Based on Realkey algorithm analyzing recent comparable sales in Palm Desert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44700 Las Palmas Avenue Subject 6 bd · 3 ba · 2,139 sqft · $356 | $749,000* List Price | 6 | 3 | 2,139 | $356 | - |
A 74174 Velardo Active 4 bd · 2 ba · 1,456 sqft · $446 · 0.9 mi | $650,000 List Price | 4 | 2 | 1,456 | $446 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1966, this 58-year-old triplex is functional and income-producing but dated. While it features stainless steel appliances, the overall structure and systems likely exceed the 20-30 year threshold for major updates, placing it in the 'Fair' category as it requires modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Location
Situated in the heart of Palm Desert near El Paseo and the San Pablo Avenue district, the property offers exceptional proximity to world-class shopping, dining, and local amenities.
- Stabilized Income Stream
This triplex is a turnkey investment with all units currently tenant-occupied and professionally managed, generating a reliable $59,000 in annual gross rental income.
- Desirable Unit Features
Each unit is equipped with modern stainless steel appliances and in-unit laundry hookups, significantly increasing tenant appeal and long-term retention.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1966, the structure may require more frequent maintenance or capital expenditures for aging systems compared to newer multifamily developments.
- Limited Immediate Rent Growth
With established tenancies and professional management already in place, there may be limited opportunity for immediate rent increases without unit turnover or further renovations.
About 44700 Las Palmas Avenue
Excellent investment opportunity in the heart of Palm Desert! This well-located triplex offers three spacious two-bedroom, one-bathroom units, each featuring in-unit laundry hookups, stainless steel appliances, separate utility meters, and dedicated parking. Situated on a quiet residential street just north of Highway 111, the property is conveniently located near the world-class shopping and dining of El Paseo, as well as the vibrant new San Pablo Avenue shopping and dining district, including its popular seasonal weekly farmers market. All three units are currently tenant-occupied and professionally managed, offering an investor the opportunity to acquire a stabilized income-producing property with approximately $59,000 in current annual gross rental income. With separate metering and established tenancy, this property offers an attractive combination of location, functionality, and investment potential in one of Palm Desert's most desirable areas. A great opportunity for investors seeking an income-producing multifamily property with potential for future upside.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,139 | 2,058.132 |
| Lot Size | 7,405 | 7,541.284 |
| Price | $749.0K | $629.6K |
| Price per sq ft | $350 | $309 |
| Built year | 1966 | 1997 |
| HOA | $0 | $398 |
| Days on market | 40 | 79 |
Pricing History
Listed for Sale
Sep 4, 2026
$749,000
Initial Listing
Sold
Aug 13, 2004
$540,000
Public Record
Sold
Oct 29, 2003
$267,500
Public Record