74380 El Camino, Palm Desert, CA 92260
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74380 El Camino, Palm Desert, CA 92260
74380 El Camino, Palm Desert, CA 92260
74380 El Camino, Palm Desert, CA 92260
74380 El Camino, Palm Desert, CA 92260
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Kim And Raquel - Good Day Home Team

Kim And Raquel - Good Day Home Team

+1(661) 373-6597
$ 7,410,000
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74380 El Camino Palm Desert, CA 92260

514 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home, Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Subdivision International Lodge (32316)

MLS Listing ID IV26208044

HOA Y/N No

Year Built 1963

Lot Size 514 Sqft

Property Sub-Type Condominium

Property Description

HIGHLIGHTS: Palm Desert opportunity: 38 of 52 condo units, 73% majority ownership of the entire community, in a highly desirable year-round tourism destination. / 38 fully renovated, furnished and turnkey condos in the heart of Palm Desert, with all FF&E included and approximately $50,000 invested per unit. / Strong day-one cash flow with a 9.00% CAP, plus significant upside to a 13.36% proforma CAP and a per unit basis 15%–30% below nearby condo sales. / Renovated interiors and upgraded major common-area infrastructure, with additional aesthetic repositioning upside and multiple exit strategies through / Prime Palm Desert location near El Paseo, with a $237 proforma ADR and significant peak-season upside driven by major events and year-round tourism. / Fully condo-mapped. $575/Unit/Month HOA dues cover water, internet, common area insurance, exterior maintenance, pool & landscaping.

The offering consists of 38 of the 52 condominium units (approximately 73% of the entire project) located at 74380 El Camino in Palm Desert, California. This substantial concentration of ownership represents a unique opportunity to acquire a controlling majority of the units within a single project, providing investors with significant scale and the potential to benefit from future improvements and repositioning of the community.

The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, the city's premier shopping and entertainment destination. The surrounding area has evolved into an upscale district featuring approximately 150 boutiques, art galleries and restaurants. With its concentration of luxury retailers, landscaped streetscape and proximity to world-class resorts, spas, golf courses, tennis facilities, fine dining and nightlife, El Paseo is often referred to as the “Rodeo Drive of the Desert.”

APNS: 625340002, 625340004, 625340007, 625340008, 625340009, 625340010, 625340011, 625340012, 625340013, 625340014, 625340015, 625340016, 625340017, 625340018, 625340021, 625340022, 625340023, 625340024, 625340025, 625340026, 625340027, 625340028, 625340029, 625340030, 625340031, 625350003, 625350004, 625350005, 625350006, 625350007, 625350009, 625350010, 625350011, 625350012, 625350015, 625350017, 625350021

Location

State CA

County Riverside

Area 323 - South Palm Desert

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Pool Association

Community Features Urban

View Y/N No

View None

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 625340006

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by ALBERT LE LE INVESTMENT GROUP 909-256-7889, DRE #01468313
Kim And Raquel - Good Day Home Team
Kim And Raquel - Good Day Home Team

Agent License ID: 01165332/370499

+1(661) 373-6597 | kimthurman365@gmail.com

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74380 El Camino