74380 El Camino, Palm Desert, CA 92260
Local realty services provided by:CENTURY 21 Masters
74380 El Camino,Palm Desert, CA 92260
$7,410,000
- 1 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: albert le
Office: le investment group
MLS#:IV26208044
Source:San Diego MLS via CRMLS
Price summary
- Price:$7,410,000
About this home
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 resta...
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Home facts
- Subdivision & Development:International Lodge (32316)
- Listing ID #:IV26208044
- Added:31 day(s) ago
- Updated:October 25, 2026 at 02:19 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
Heating and cooling
- Cooling:Central Forced Air
Structure and exterior
- Levels:1 Story
Finances and disclosures
- Price:$7,410,000
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