74380 El Camino, Unit 2
Description
The offering is located at 74380 El Camino, Palm Desert, CA. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, Palm Desert's main shopping street. The area surrounding the property has evolved into an upscale shopping district, featuring 150 boutiques, art galleries and restaurants. El Paseo, with its concentration of luxury retail outlets, its lush landscaping and its proximity to resorts, spas, golf clubs, tennis gardens, fine dining and nightlife entertainment, is often considered the “Beverly Hills” of the desert community. Palm Desert is a city in the county of Riverside, California, niched in the Coachella Valley and located approximately 14 miles East of Palm Springs and 122 miles East of Los Angeles. The population is constantly growing, going from 41,155 to 48,445 inhabitants, according to censuses conducted in 2000 and 2010. The Palm Desert neighborhood is considered upper-middle class, presenting, according to current income analyses, an above average income, 63.8% higher than the neighborhoods in America. 40.1% of the active population is employed in sales and services, from major
sales accounts to the fast food service industry while 36.5% holds managerial and office positions.
- Listed by ALBERT LE • DRE #01468313 • Brokerage DRE #01923766 • LE INVESTMENT GROUP • 909-256-7889
Property Details for 74380 El Camino, Unit 2
Property Details for 74380 El Camino, Unit 2
| Status | Active |
|---|---|
| MLS # | IV24204898 |
| Days on Market | 88 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1963 |
| Lot Size | 0.25 AC / 10,890 SF |
| County | Riverside County |
Building Information for 74380 El Camino, Unit 2
Property Information for 74380 El Camino, Unit 2
- Gross Scheduled Income: $2,664,000
- Vacancy Allowance: 532800
- Net Operating Income: $1,282,607
- Cap Rate: 14.33
- Operating Expense: $739,000
- Laundry: No
- Laundry Features: None
- Heating: Central
- Additional Parcels Description: 625-340-004, 625-340-017, 625-340-018, 625-340-025, 625-340-026, 625-350-005, 625-350-017, 625-350-006, 625-350-007, 625-350-003, 625-350-004, 625-350-015, 625-350-009, 625-350-021, 625-340-006, 625-340-007, 625-340-008, 625-340-021, 625-340-022, 625-340
- Lot Features: 36-40 Units/Acre
- Land Use: Multi-Family
- Water Source: Private
- Building Status: Existing
- Unit Type Units Total: 37
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Type: 1
- Unit Type Description: AirBnb or STR's
- Number Of Units Leased: 37
- Number Of Buildings: 7
Property History for 74380 El Camino, Unit 2
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 74380 El Camino, Unit 2
Schools near 74380 El Camino, Unit 2
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
George Washington Charter School CharterK to 5 | ||
La Quinta Middle School Public6 to 8 | ||
Palm Desert High School Public9 to 12 | ||
Palm Desert Charter Middle School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of LE INVESTMENT GROUP, ALBERT LE, DRE #01468313
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.