1777 E Arenas Road Palm Springs, CA 92262
Listing Courtesy of: Desert Area MLS / Coldwell Banker Realty / Stephen Sullivan / Angelica Vitale

  1777 E Arenas Road Palm Springs, CA 92262

Active (24 Days)
$1,800,000
14
BED
7
BATH
6,008
SQFT

Description

Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Two units will be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive by but do not walk on the property.

MLS #:
219127694
Type
Multifamily
Year Built
1963
Style
Mid Century
Views
Mountain(s), Pool
County
Riverside County

Listed By

Stephen Sullivan, DRE #01321825 CA, Coldwell Banker Realty
Angelica Vitale, DRE #02074603 CA, Coldwell Banker Realty
Source
Desert Area MLS
Last checked Apr 26 2025 at 1:53 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 7
Subdivision
  • Central Palm Springs
Property Features
  • Foundation: Slab
Heating and Cooling
  • Central
  • Natural Gas
  • Central Air
Pool Information
  • Community
  • Safety Fence
  • In Ground
Flooring
  • Carpet
  • Tile
Utility Information
  • Sewer: Connected on Bond
Parking
  • Assigned
  • Side by Side
  • Total Uncovered/Assigned Spaces
Living Area
  • 6,008 sqft
Location
   
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Disclaimer: Copyright 2025 Desert Area MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/26/25 06:53