38 Unit Condo Portfolio

Type: Multifamily

74380 El Camino Palm Desert, CA 92260

Total Number of Units: 38

Year Built: 1963

Sale Price: $7,410,000

Price per Unit: $195,000

Price per Square Foot: $325.00

CAP Rate: 9.00%

GRM: 8.13

Downpayment: $2,964,000

Net Operating Income: $666,955

Rentable Square Feet: 22,800

Lot Size: 0.45

Unit Type

Fully Furnished Studio Units

No. of Units

38

Le Investment Group is pleased to present a 38-unit condominium portfolio located at 74380 El Camino in Palm Desert, California, representing approximately 73% of the 52-unit project. This controlling concentration offers investors significant scale within a single community, along with future repositioning and value-add potential. The offering features fully renovated interiors and completed common-area improvements, including electrical upgrades, a renovated swimming pool, and upgraded pool and spa equipment. Centrally located in Downtown Palm Desert just steps from El Paseo Drive, the property benefits from immediate access to premier shopping, dining, entertainment, resorts, golf, and other renowned Coachella Valley amenities.