74380 El Camino 6-42, Palm Desert, California 92260
- $3,080,000
- $3,080,000
Overview
- Condominium, Residential Income
- 13750 Sqft
- 1963
Description
(This portfolio sale includes 22 individual parceled condominium units located in the city of Palm Desert. The Seller is offering a modified net lease guaranteed for 5 years. Please contact Le Investment Group for full details and the complete offering memorandum.) Highlights; Actual CAP Rate of 9.00%, ProForma CAP Rate of 9.16% • ProForma CAP Rate based on 1st Rental Increase. Modified NNN Lease. Highlights Include; • New Five (5) Year Lease Executed at Close of Escrow • Three (3), Five (5) Year Options to Extend • 2% Rental Increases Every Two (2) Years. Minimal Landlord Responsibilities. • Ownership Responsible to Include Property Taxes & Insurance. High Tourism, Downtown Location. Non-Rent Control Community & Area. High Annual Occupancy Resort, Airbnb, Vacation Rental, & Motel/Hotel Destination. Recent Capital Improvements. • Upgraded Interior & Exterior Units. The offering is located at 74380 El Camino, Palm Desert, CA. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, Palm Desert’s main shopping street. The area surrounding the property has evolved into an upscale shopping district, featuring 150 boutiques, art galleries and restaurants. El Paseo, with its concentration of luxury retail outlets, its lush landscaping and its proximity to resorts, spas, golf clubs, tennis gardens, fine dining and nightlife entertainment, is often considered the “Beverly Hills” of the desert community.
Address
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Address: 74380 El Camino
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City: Palm Desert
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State/county: CA
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Zip/Postal Code: 92260
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Country: US
Details
Updated on June 25, 2026 at 1:33 am-
Property ID IV17237909
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Price $3,080,000
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Property Size 13750 Sqft
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Year Built 1963
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Property Type Condominium, Residential Income
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Property Status Closed
Additional details
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Listing Terms Submit
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Sewer Public Sewer
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County Riverside
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Property Type Residential Income
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Pool Association
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Parking On Site
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Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban
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