40235 Harris Lane, Palm Desert, CA 92211
  • MLS#: CV24155855 ( Apartment )
  • Street Address: 40235 Harris Lane
  • Viewed: 2
  • Price: $6,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1981
  • Bldg sqft: 0
  • Days On Market: 109
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Desert
  • Zipcode: 92211
  • Subdivision: Other (othr)
  • Provided by: CB RICHARD ELLIS
  • Contact: ERIC ERIC
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present an exceptional opportunity to acquire the Monta Vista Townhomes, a meticulously well kept 24 Unit multifamily property situated between Country Club Drive and Washington Street on 40235 Harris Lane in the city of Palm Desert. With each unit having its own individual parcel number, this property has 24,360 of rentable SF and is situated on a generous 143,312 SF lot. Property is eligible for short term rental permits and is located in the R 3 Zone. Palm Desert boasts sunshine most of the year creating consistent demand for rentals due to the steady influx of residents. 40235 Harris Lane offers a central location with convenient access to public transportation and the 10 Freeway, in addition to a variety of retail centers, high end restaurants, shops and resorts catering to diverse needs and providing excellent entertainment options for residents. The desirable Monta Vista Townhomes feature large, open style floor plans with upgraded fully equipped kitchens with stainless steel appliances, modern fixtures, vertical blinds, central AC/heating, washer and dryer hook ups, private patios and a combination of stylish plank wood and carpet flooring throughout. The property boasts a combination of desert and lush landscaping with lovely mountain views, covered carport parking, laundry facilities, private dog park, tennis court and a luxury resort style pool and spa. The Monta Vista Townhomes is a stable income producing asset in the Coachella Valley, promising a strong return on investment. Whether youre a first time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long term value.
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Features
Additional Parcels Description
  1. through 632-071-024
Building Area Total
  1. 24360.00
Cable Tv Expense
  1. 985.00
Carport Spaces
  1. 26.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 41
Electric Expense
  1. 10727.00
Fuel Expense
  1. 14168.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 27460.00
Heating
  1. Central
Insurance Expense
  1. 14142.00
Laundry Features
  1. Electric Dryer Hookup
  2. Washer Hookup
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 21-25 Units/Acre
  2. Lot Over 40000 Sqft
Netoperatingincome
  1. 302455.00
Newtaxesexpense
  1. 83439.00
Number Of Separate Electric Meters
  1. 24
Otherexpense
  1. 4800.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 632071001
Pest Control Expense
  1. 1455.00
Pool Expense
  1. 9271.00
Pool Features
  1. Community
Postalcodeplus4
  1. 6222
Professionalmanagementexpense
  1. 58489.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 419930472:CRM
Spa Features
  1. Community
Subdivision Name Other
  1. Monta Vista Townhomes
Suppliesexpense
  1. 271.00
Totalactualrent
  1. 533460.00
Totalexpenses
  1. 241685.00
Trash Expense
  1. 7788.00
Vacancyallowance
  1. 16829
Water Sewer Expense
  1. 16669.00
Water Source
  1. Public
Year Built
  1. 1981
Year Built Source
  1. Assessor