$7,300,000
$7,550,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
0.56 Acres Lot
SOLD DATE : 10/31/2023
Key Details
Sold Price $7,300,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Central Palm Springs (33215)
MLS Listing ID CV23157440
Sold Date 10/31/23
HOA Y/N No
Year Built 2007
Lot Size 0.560 Acres
Property Description
803 North Palm Canyon Drive is located at the intersection of N Palm Canyon Drive and Tamarisk Road within the desirable North Palm Canyon Uptown District. It is surrounded by shopping venues, trendy restaurants & coffee shops, entertainment, schools, and medical facilities.
The property is centrally located within the Coachella Valley and accessed by the CA-111 highway (Palm Canyon Drive). Its location offers convenient access to the neighboring cities of Cathedral City, Palm Desert, Indio, Indian Wells, and La Quinta. Desert attractions such as Joshua Tree National Park, Mt. San Jacinto, Empire Polo Club in Indio (home to Coachella and Stagecoach Music Festivals), and more than 120 golf courses within the Coachella Valley are also easily accessible. San Bernardino County, Orange County, Los Angeles County, mountain ski resorts and beach cities are all within a 2-hour drive.
803 North Palm Canyon Drive consists of 11, two-bedroom/two-bathroom and 1, two-bedroom/two-and-one-half-bathroom townhouse-style units, with an average unit size of 1,457 square feet. The units offer exquisite interior finishes, with all but one unit offering a loft. There is covered parking and storage on the first level, and a beautiful pool deck and townhouse access on the second level. There is also a ±3,453 square foot ground floor retail space, which is occupied. The property is situated on one parcel with a total of ±24,394 square feet of land, with a total building size of ±20,933 square feet.
803 North Palm Canyon Drive features sleek architecture; desert landscaping; covered parking on the ground floor including 12 individual garages; luxurious pool deck on the second floor with shaded cabanas; and an elevator serving the second floor. Unit amenities include high-end Euro-style cabinetry; built-in subzero refrigerators; stainless steel oven/stove combinations with stainless steel range; engineered stone countertops; tile back splash in kitchens; sleek fireplace; 20-foot ceilings in living space with floor to ceiling windows; lofts in all but one unit; patio and balcony in every unit; dual vanities and custom tiled shower in primary bathroom; on demand water heaters; in unit washer and dryers, and central air conditioning and heating.
The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating None
Fireplace No
Laundry Inside
Exterior
Pool Community, In Ground
Community Features Curbs, Sidewalks, Pool
Total Parking Spaces 12
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 3
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 505283024
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with David Hartunian • The Harts Group
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Broker Associate | Lic# 01905244