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$6,000,000

Est. payment - /mo

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24,360 SqFt

Price Dropped by $200K

40235 Harris LN Palm Desert, CA 92211

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/17/2024 11:18 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 24,360 sqft

Price per Sqft $246

Subdivision ,Monta Vista Townhomes

MLS Listing ID CV24155855

HOA Y/N No

Year Built 1981

Lot Size 3.290 Acres

Acres 3.29

Property Description

We are proud to present an exceptional opportunity to acquire the Monta Vista Townhomes, a meticulously well kept 24-Unit multifamily property situated between Country Club Drive and Washington Street on 40235 Harris Lane in the city of Palm Desert. With each unit having its own individual parcel number, this property has �24,360 of rentable SF and is situated on a generous �143,312 SF lot. Property is eligible for short term rental permits and is located in the R-3 Zone.
Palm Desert boasts sunshine most of the year creating consistent demand for rentals due to the steady influx of residents. 40235 Harris Lane offers a central location with convenient access to public transportation and the 10 Freeway, in addition to a variety of retail centers, high-end restaurants, shops and resorts catering to diverse needs and providing excellent entertainment options for residents.
The desirable Monta Vista Townhomes feature large, open-style floor plans with upgraded fully equipped kitchens with stainless steel appliances, modern fixtures, vertical blinds, central AC/heating, washer and dryer hook-ups, private patios and a combination of stylish plank wood and carpet flooring throughout.
The property boasts a combination of desert and lush landscaping with lovely mountain views, covered carport parking, laundry facilities, private dog park, tennis court and a luxury resort style pool and spa.
The Monta Vista Townhomes is a stable income-producing asset in the Coachella Valley, promising a strong return on investment. Whether you?re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

Location

State CA

County Riverside

Area 322 - North Palm Desert

Rooms

Ensuite Laundry Washer Hookup, Electric Dryer Hookup

Interior

Laundry Location Washer Hookup,Electric Dryer Hookup

Heating Central

Cooling Central Air

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Carport Spaces 26

Pool Community

Community Features Curbs, Sidewalks, Pool

Total Parking Spaces 26

Private Pool No

Building

Lot Description 21-25 Units/Acre, Lot Over 40000 Sqft

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 632071001

Energy Description 14168.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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