723 E Cottonwood Road, Palm Springs, CA 92262
Local realty services provided by:CENTURY 21 Classic Estates
723 E Cottonwood Road,Palm Springs, CA 92262
$1,469,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: luca volpe
Office: realty trust760-327-8000
MLS#:219154632PS
Source:CRMLS
Price summary
- Price:$1,469,000
About this home
Reimagined Mid-Century Fourplex. A distinctive Palm Springs take on multifamily living, this extensively renovated four-unit property was thoughtfully reimagined in 2021 as a boutique mid-century apartment community, with all four units are occupied by long-term tenants, offering immediate rental income and a compelling opportunity for an investor.The renovation was extensive:stucco was repaired and repainted, while new windows and doors enhance appearances and energy efficiency. Units 2 and 3 received thoughtfully reconfigured kitchens that open to the living spaces, accented by breeze block, integrated workspaces, and custom shelving, with all 4 units getting refreshed.At the heart of the property, the pool courtyard was completely reimagined with expanded lounge space, colorful shade sails, breeze-block accents, and a custom Marilyn Monroe mural all surrounded by grounds transformed into a lush, resort-like setting.The property's infrastructure and common areas have been equally well cared for. The parking area was patched, resurfaced and restriped; a new mailbox cluster reinforces the mid-century aesthetic; and the foam roof was recoated in 2026. Translucent milk-glass entry gates replaced the original see-through metal gates, adding privacy, security and a sophisticated architectural detail.Unit 4 offers an especially compelling owner-user opportunity. The living area was substantially redesigned to capture the pool and courtyard views, with the kitchen relocated to the north wall and two new sliding glass doors creating a stronger indoor-outdoor connection. A new clerestory window brings morning light into the primary bedroom. The private courtyard was opened to the sky, with new patterned concrete paving, colorful shade sails and breeze-block detailing. A separate stackable washer/dryer, outdoor shower with mosaic tile and new tankless water heater complete the upgrades.Unit 1 remains attractively positioned below market, providing an additional value-add opportunity for a future owner or investor.With its combination of Palm Springs architectural character, resort-style outdoor living, extensive capital improvements, long-term tenancy and owner-user potential, this is a rare opportunity to own a small boutique multifamily property that feels more like a private desert retreat than a traditional fourplex. Fee simple (you own the land)....
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Home facts
- Year built:1977
- Subdivision & Development:El Mirador
- Listing ID #:219154632PS
- Added:1 day(s) ago
- Updated:October 21, 2026 at 12:05 PM
Rooms and interior
- Flooring:Concrete, Tile
Heating and cooling
- Heating:Central
Structure and exterior
- Roof:Flat
- Year built:1977
- Lot area:0.26 Acres
- Lot Features:Landscaped
- Architectural Style:Modern
- Levels:1 Story
Finances and disclosures
- Price:$1,469,000
Features and amenities
- Pool features:Electric Heat, Gunite, In Ground
Parking
- Total parking spaces:6
- Parking description:Assigned
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