Homes for sale - 1777 E Arenas RD, Palm Springs, CA 92262

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Heiner And Natalia Escobar

Real Estate Professional

heiner@escorealtygroup.com +1(951) 901-5997

$ 1,800,000

Est. payment | -/mo

0.39 Acres Lot

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$ 1,800,000

Est. payment | -/mo

Save

0.39 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Central Palm Springs

MLS Listing ID 219127694DA

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1963

Lot Size 0.390 Acres

Property Description

This beautifully maintained mid-century 7-unit property sits in the heart of Palm Springs. Each spacious unit offers 2 bedrooms and 1.25 baths, complete with private patios and off-street parking. A central courtyard pool offers stunning mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units, with tenants covering their own heating and cooling costs. There's also an on-site, owned coin-operated laundry and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. With stable, long-term tenants and strong rental upside, this property is a solid investment in a high-demand area. Just minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). One unit is currently owner-occupied and can be delivered vacant. Pro forma income: approx. $14,700/month or $176,400 annually. Current monthly rent with $0 for owner's unit is $7225. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive by but do not walk on the property.

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Central, Natural Gas

Cooling Central Air

Flooring Carpet, Tile

Fireplace No

Exterior

Parking Features Assigned, Side By Side

Pool Community, In Ground

Community Features Gated, Pool

Amenities Available Pet Restrictions

View Y/N Yes

View Mountain(s)

Roof Type Tar/Gravel

Total Parking Spaces 9

Private Pool Yes

Building

Story 1

Entry Level One

Foundation Slab

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 502163005

Security Features Gated Community

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by Stephen Sullivan • Coldwell Banker Realty

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Heiner And Natalia Escobar

REALTORS® | Lic# 01758326 | 01751260

heiner@escorealtygroup.com

+1(951) 901-5997

2440 W Arrow Route # 5C, Upland, CA, 91786, USA

1777 E Arenas RD Palm Springs, CA 92262

Heiner And Natalia Escobar

Key Details

Location

Interior

Exterior

Building

Others

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1777 E Arenas RD