73600 San Gorgonio Way Palm Desert, CA $ 3,995,000
73600 San Gorgonio Way
$ 3,995,000
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73600 San Gorgonio Way

Palm Desert, CA, 92260
$ 3,995,000
Baths1.0 Sq 15,503

Monthly Estimate*

$ 24,924

Listed by Marcus & Millichap RE Invest
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Studio

Multi-Family Home for sale in Palm Desert, CA

for $3,995,000 with 1 full bath. This 15,503 square foot home was built in 1964 on a lot size of 1.04.

Palm Desert Garden Apartments is a 25-unit multifamily investment property located in Palm Desert, CA. Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking. Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartments’ location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities. The property’s desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments.

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Multi-Family Active

Price

$ 3,995,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.04

Year Built

1964

Town/City

Palm Desert

County/Region

Riverside

MLS | Web ID

OC25274157

Days on Market

4

Features
General
Sewer Public Sewer
Heating Central
HOA Fee 0
Garage Spaces 0
Pool Features Community
Year Built 1964
Stories Count 1
Levels One
Property Subtype Apartment
Gross Income 427549
Community Features Curbs Gutter(s) Street Lights Sidewalks Pool
County Riverside
Net Operating Income 203569
Operating Expense 203265
Insurance Expense 30000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 25000
Subdivision Name Other
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Cross Streets of San Gorgonio Way & San Pablo Avenue
City Palm Desert
Entry Location First level
Senior Community Y/N false
Open Parking Spaces 17
Number Of Units Total 25
MLS Area 322 - North Palm Desert
Lot Size Units Acres
Lot Size Square Feet 45302.4
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 6258
Fuel Expense 6261
Trash Expense 6258
Water Sewer Expense 6258
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 9
Property Sub Type Additional Apartment
Taxes 48919
Cap Rate 5.1
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Interior
Total Stories 1
Common Walls No Common Walls
Heating Y/N true
Laundry Features None
Entry Level 1
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Exterior
Lot Features Street Level
Water Source Public
Total Parking 17
Lot Size Area 1.04
Number of Buildings 7
Building Area Total 15503
Lot Size Acres 1.04
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 25
Number of Separate Electric Meters 25
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* Excluded Features
List By
Marcus & Millichap Re Invest

Broker

tleeson@marcusmillichap.com

Email

Affordability Calculator

$24,924
Per Month
100%
0%
0%
Monthly Principal & Interest
$24,924
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/11/2025$3,995,000 Listed Price

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73600 San Gorgonio Way, Palm Desert, CA, 92260 is a Multi-Family Home for sale at $3,995,000 with 15,503 sqft and a lot size of 1.04. 73600 San Gorgonio Way is a studio with 1.0 baths and was built in 1964. The property's zip code is 92260 which is in Palm Desert, CA