1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
1777 E Arenas Road
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$1,800,000

1777 E Arenas Road

Description

Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Two units will be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive by but do not walk on the property.

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Location

1777 E Arenas Road, Palm Springs, CA 92262

Status

For Sale

Property Amenities

Interior
Flooring Carpet, Tile
Area & Lot
Lot Area 0.39 Acres
MLS® ID 219127694DA
Year Built 1963
View Description Mountain(s)
Type Residential
Status For Sale
Exterior
Stories 1
Pool Community, In Ground
Air conditioning Central Air
Heat type Central, Natural Gas
Security Features Gated Community
Parking Assigned, Side By Side
Roof Tar/Gravel
Finance
Sales Price $1,800,000

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