Active

40235 Harris Lane

Palm Desert CA, 92211

$6,000,000


$246.31 per sqft

Active

24,360 sqft

Condos

Built in 1981

Listed by ERIC CHEN with CB RICHARD ELLIS 626-757-5717

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 you're 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.

CV24155855

MLS ID

July 31, 2024

Listed

December 5, 2024

Updated

Map

40235 Harris Lane
Palm Desert CA, 92211

Interior Features

Total Stories

2


Laundry Description

Washer Hookup, Electric Dryer Hookup


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

3.29 Acres


Lot Features

21-25 Units/Acre, Lot Over 40000 Sqft


Sewer

Public Sewer

Other Property Details

Area Name

322 - North Palm Desert


Days on Market

88


Garage

No


Parking Total

26


View

No


County

Riverside


Water Source

Public


Pool

No


Pool Features

Community

Listing Contact: 909-418-2000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 5:44 AM UTC

 

Powered byLuxury Presence