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Sold for $5,500,000
  • Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 909-418-2071
    Bought with: CB RICHARD ELLIS
    $5,500,000

    40235 Harris Ln, Palm Desert, CA 92211

    48beds
    48baths
    24,360sqft
    Multi Family
    Built in 1981
    -- sqft lot
    $4,094,200 Zestimate®
    $226/sqft
    $1,983 Estimated rent

    Home value

    $4,094,200

    $3.64M - $4.59M

    $1,983/mo

    Zestimate® history
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    What's special

    Modern fixturesTennis courtLovely mountain viewsPrivate patiosPrivate dog parkUpgraded fully equipped kitchensStainless steel appliances
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    Eric Chen, DRE #01489184

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV24155855MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 48
    • Bathrooms: 48
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 24,360
    • Total interior livable area: 24,360 sqft

    Property

    Parking
    • Total spaces: 26
    • Parking features: Carport
    • Carport spaces: 26
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: Community
    • Has spa: Yes
    • Spa features: Community
    Lot
    • Size: 3.29 Acres
    • Features: 21-25 Units/Acre, Lot Over 40000 Sqft
    Details
    • Additional parcels included: through 632071024
    • Parcel number: 632071001
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks, Pool
    • Subdivision: Monta Vista Townhomes
    Location
    • Region: Palm Desert

    Financial & listing details

    • Price per square foot: $226/sqft
    • Date on market: 7/31/2024
    • Cumulative days on market: 80 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 533460

    Price history

    DateEventPrice
    12/17/2024Sold$5,500,000-8.3%$226/sqft
    Source: CRMLS #CV24155855 Report a problem
    10/17/2024Listed for sale$6,000,000+6215.8%$246/sqft
    Source: CRMLS #CV24155855 Report a problem
    1/4/2024Listing removed--
    Source: Zillow Rentals Report a problem
    9/11/2023Price change$1,850-5.1%
    Source: Zillow Rentals Report a problem
    7/18/2023Price change$1,950-2.3%
    Source: Zillow Rentals Report a problem
    7/3/2023Price change$1,995-2.7%
    Source: Zillow Rentals Report a problem
    6/15/2023Price change$2,050-2.1%
    Source: Zillow Rentals Report a problem
    6/7/2023Listed for rent$2,095+5%
    Source: Zillow Rentals Report a problem
    4/11/2023Listing removed--
    Source: Zillow Rentals Report a problem
    4/5/2023Price change$1,995-0.3%
    Source: Zillow Rentals Report a problem
    3/12/2023Price change$2,000-7%
    Source: Zillow Rentals Report a problem
    2/21/2023Price change$2,150+2.4%
    Source: Zillow Rentals Report a problem
    2/7/2023Listed for rent$2,100+10.8%
    Source: Zillow Rentals Report a problem
    1/4/2023Listing removed--
    Source: Zillow Rentals Report a problem
    12/22/2022Price change$1,895-2.8%
    Source: Zillow Rentals Report a problem
    10/21/2022Price change$1,950-2.3%
    Source: Zillow Rental Manager Report a problem
    10/1/2022Price change$1,995-4.8%
    Source: Zillow Rental Manager Report a problem
    9/20/2022Price change$2,095+5%
    Source: Zillow Rental Manager Report a problem
    9/8/2022Listed for rent$1,995+1%
    Source: Zillow Rental Manager Report a problem
    5/13/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    4/26/2022Price change$1,975-5.7%
    Source: Zillow Rental Manager Report a problem
    4/13/2022Listed for rent$2,095
    Source: Zillow Rental Manager Report a problem
    4/4/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    3/25/2022Price change$2,095+5%
    Source: Zillow Rental Manager Report a problem
    3/22/2022Listed for rent$1,995
    Source: Zillow Rental Manager Report a problem
    12/4/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    8/2/2010Sold$95,000$4/sqft
    Source: CDAR/ Desert Area MLS #21398547 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92211

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,094,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,094,200