74380 El Camino Palm Desert, CA $ 7,410,000
74380 El Camino
$ 7,410,000
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74380 El Camino

Palm Desert, CA, 92260
$ 7,410,000
Bedrooms-- Baths1.0 Sq 600

Monthly Estimate*

$ 46,788

Listed by ALBERT LE, LE INVESTMENT GROUP, albert.le@leinvestmentgroup.com
74380 El Camino, Palm Desert, CA 92260 - Image 1
74380 El Camino, Palm Desert, CA 92260 - Image 2
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74380 El Camino, Palm Desert, CA 92260 - Image 9
74380 El Camino, Palm Desert, CA 92260 - Image 10
74380 El Camino, Palm Desert, CA 92260 - Image 11
74380 El Camino, Palm Desert, CA 92260 - Image 12
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74380 El Camino, Palm Desert, CA 92260 - Image 17

Multi-Family Home for sale in Palm Desert, CA

for $7,410,000 with 1 full bath. This 600 square foot home was built in 1963 on a lot size of 0.0118.

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

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Multi-Family Active

Price

$ 7,410,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0118

Year Built

1963

Town/City

Palm Desert

County/Region

Riverside

MLS | Web ID

IV26208044

Days on Market

11

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Garage Spaces 0
Pool Features Association
Year Built 1963
View None
Stories Count 1
Levels One
Property Subtype Condominium
Gross Income 1174200
Community Features Urban
Additional Parcels Description 625340002 625340004 625340007 625340008 625340009 625340010 625340011 625340012 625340013 625340014 625340015 625340016 625340017 625340018 625340021 625340022 625340023 625340024 625340025 625340026 625340027 625340028 625340029
County Riverside
Net Operating Income 666955
Operating Expense 416510
Insurance Expense 0
New Construction false
Property Type Residential Income
Subdivision Name International Lodge (32316)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Located On El Camino
City Palm Desert
Entry Location 1
Senior Community Y/N false
Number Of Units Total 38
MLS Area 323 - South Palm Desert
Lot Size Units Square Feet
Lot Size Square Feet 515
Listing Terms Submit
Spa Features Association
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Property Sub Type Additional Condominium
Taxes 90735
Cap Rate 9
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Interior
Fireplace Features None
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features 16-20 Units/Acre
Water Source Public
Total Parking 0
Lot Size Area 515
Number of Buildings 7
Spa true
Building Area Total 600
Lot Size Acres 0.0118
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 38
Number of Separate Gas Meters 38
Number of Separate Electric Meters 38
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* Excluded Features
List By
ALBERT LE

Listing Agent

Le Investment Group

Broker

albert.le@leinvestmentgroup.com

Email

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$46,788
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Monthly Principal & Interest
$46,788
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Default based on a 30-year fixed rate of 6.49% 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
9/23/2026$7,410,000 Listed Price

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74380 El Camino, Palm Desert, CA, 92260 is a Multi-Family Home for sale at $7,410,000 with 600 sqft and a lot size of 0.0118. 74380 El Camino has 1.0 baths and was built in 1963. The property's zip code is 92260 which is in Palm Desert, CA