72805 Parkview Drive Palm Desert, CA $ 9,999,999
72805 Parkview Drive
$ 9,999,999
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72805 Parkview Drive

Palm Desert, CA, 92260
$ 9,999,999
Baths2.0 Sq 4

Monthly Estimate*

$ 62,387

Listed by RE/MAX College Park Realty
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View a Virtual Tour
Studio

Multi-Family Home for sale in Palm Desert, CA

for $9,999,999 with 2 full baths. This 4 square foot home was built in 1989 on a lot size of 3.7.

Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are ALL BELOW MARKET VALUE. Every unit has central Air Conditioning and its own private 2-car detached garage. The community has an additional 26 uncovered parking spaces for guest parking. Property is fully occupied with substantial rental upside. The community offers desirable shared features, including a sparkling pool, on-site laundry facilities, and well-maintained grounds. Gas, water, and trash are included, streamlining management and providing added value to residents. Ideally located to all things great in the desert and is in walking distance to the College of the Desert. This property consistently attracts long-term, reliable tenants. With unmatched features and steady tenant demand in a prime location, this is a standout investment opportunity with exceptional long-term potential. Impeccably maintained property with pride of ownership. Do not disturb occupants.

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Multi-Family Active

Price

$ 9,999,999

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 25,000

Style

Lot Size

3.7

Year Built

1989

Town/City

Palm Desert

County/Region

Riverside

MLS | Web ID

PW25265610

Days on Market

3

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Phone Connected Water Available
Possession See Remarks
Roof Other Spanish Tile
Appliances Dishwasher Disposal Gas Range
HOA Fee 0
Garage Spaces 26
Pool Features Community Association
Security Features Carbon Monoxide Detector(s) Resident Manager Smoke Detector(s)
Construction Materials Stucco
Exclusions Refrigerator tenants provide
Year Built 1989
Electric Standard
Tenant Pays Cable TV Electricity Telephone
View Desert Mountain(s)
Stories Count 1
Levels One
Property Subtype Mixed Use
Gross Income 36575
Community Features Sidewalks Pool
County Riverside
Net Operating Income 217878
Operating Expense 172939
Insurance Expense 15005
New Construction false
Property Type Residential Income
Association Amenities Pool
HOA false
MaintenanceExpense 5574
Subdivision Name Parkview
Garage Y/N true
Special Listing Conditions Standard Trust
Status Active
Directions Monterey to Parkview
City Palm Desert
Entry Location single
Senior Community Y/N false
Open Parking Spaces 26
Number Of Units Total 26
MLS Area 322 - North Palm Desert
Lot Size Units Square Feet
Lot Size Square Feet 161172
Number of Units Leased 26
Listing Terms Cash Cash to New Loan 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 25000
Electric Expense 4059
Fuel Expense 871
Trash Expense 6917
Water Sewer Expense 8356
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Total Actual Rent 36575
Property Sub Type Additional Mixed Use
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Interior
Interior Amenities Laminate Counters All Bedrooms Down
Flooring Carpet Tile
Fireplace Features Electric Gas
Total Stories 1
Common Walls 2+ Common Walls No One Above
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Exterior Amenities Lighting
Parking Features Assigned Garage Garage Door Opener Guest
Lot Features 26-30 Units/Acre
Water Source Public
Total Parking 52
Lot Size Area 161172
Number of Buildings 8
Spa false
Building Area Total 4
Lot Dimensions 161172
Lot Size Acres 3.7
Road Surface Type Alley Paved
Private Pool false
Lot Size Source Assessor
Pool Charge 2160
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 26
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* Excluded Features
List By
Re/Max College Park Realty

Broker

brianbgorman@gmail.com

Email

Affordability Calculator

$64,470
Per Month
97%
3%
0%
Monthly Principal & Interest
$62,387
Monthly Property Taxes
$2,083
Monthly Home Insurance
--
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
12/12/2025$9,999,999 Listed Price

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72805 Parkview Drive, Palm Desert, CA, 92260 is a Multi-Family Home for sale at $9,999,999 with 4 sqft and a lot size of 3.7. 72805 Parkview Drive is a studio with 2.0 baths and was built in 1989. The property's zip code is 92260 which is in Palm Desert, CA