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Park View Garden Units 72805 Park View Dr 26 Unit Apartment Building $13,768,898 CAD ($529,573 CAD/Unit) Palm Desert, CA 92260
INVESTMENT HIGHLIGHTS
- 6 buildings, 26 units, (1) 3 bedroom, 2 bath, (21) 2 bedroom, 2 bath, (4) 2 bedroom, 1 bath , single story, every unit has a 2 car garage
- walking distance to The College of the Desert, close to shopping.
- on site laundry, pool, central air conditioning, separate meters, beautifully landscaped
EXECUTIVE SUMMARY
Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are ALL BELOW MARKET VALUE. Every unit has central Air Conditioning and its own private 2-car detached garage. The community has an additional 26 uncovered parking spaces for guest parking. Property is fully occupied with substantial rental upside. The community offers desirable shared features, including a sparkling pool, on-site laundry facilities, and well-maintained grounds. Gas, water, and trash are included, streamlining management and providing added value to residents. Ideally located to all things great in the desert and is in walking distance to the College of the Desert. This property consistently attracts long-term, reliable tenants. With unmatched features and steady tenant demand in a prime location, this is a standout investment opportunity with exceptional long-term potential. Impeccably maintained property with pride of ownership. Do not disturb occupants.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $13,768,898 CAD | Building Class | C |
| Price Per Unit | $529,573 CAD | Lot Size | 3.70 AC |
| Sale Type | Investment | Building Size | 25,462 SF |
| No. Units | 26 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1989 |
| Apartment Style | Garden | Parking Ratio | 2.04/1,000 SF |
| Zoning | Apartment - Apartment 21-40 units | ||
| Price | $13,768,898 CAD |
| Price Per Unit | $529,573 CAD |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.70 AC |
| Building Size | 25,462 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | Apartment - Apartment 21-40 units |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Pool
- Property Manager on Site
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 21 | $1,893 CAD | 1,200 - 1,250 |
| 2+1 | 4 | $2,206 CAD | 1,100 |
| 3+2 | 1 | $2,237 CAD | 1,200 |
PROPERTY TAXES
| Parcel Number | 640-063-018 | Total Assessment | $4,317,594 CAD (2025) |
| Land Assessment | $635,548 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,682,046 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
640-063-018
Land Assessment
$635,548 CAD (2025)
Improvements Assessment
$3,682,046 CAD (2025)
Total Assessment
$4,317,594 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Park View Garden Units | 72805 Park View Dr
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