Skip main navigation
Sold for $3,869,250
Street View
  • Listed by: OZA Realty Inc. • Jose Espinoza • Contact: 760-272-1284
    Bought with: Berkshire Hathaway HomeService
    $3,869,250

    73655 Shadow Mountain Dr, Palm Desert, CA 92260

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1972
    -- sqft lot
    $2,204,800 Zestimate®
    $--/sqft
    $2,613 Estimated rent

    Home value

    $2,204,800

    $1.59M - $3.24M

    $2,613/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $2,613/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $2,613/mo

    Rent Zestimate®

    Refinance and save

    $24,501/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $24,501/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Great Investment Opportunity in Palm Desert. Introducing a rare investment opportunity located in the heart of Palm Desert at the southwest corner of Shadow Mountain Drive and San Luis Rey. This offering includes two adjacent buildings at 73665 and 73675 Shadow Mountain Dr., both operated as a single business entity known as Yum Yum Tree Apartments. The property spans 43,560 square feet of land with a total building size of 18,996 square feet. Built in 1972 and 1974, the property comprises 18 units in total, featuring 12 one-bedroom units and 6 two-bedroom units. The exterior construction is a combination of frame and stucco with a shingle mansard roof facade. The beautifully landscaped grounds include a gated pool at the larger complex. The 73665 building offers carport, surface parking, and garage options, while the 73675 building features detached single car garages. This property is ideally situated in a prime residential community, just one block south of the bustling shopping district known as El Paseo and near the regional mall and prime restaurants. These types of investment opportunities are ultra-rare and highly sought after. Don't miss out on this exceptional offering. For further information, please call. Note: 2yr ProForma attached to this listing.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jose Espinoza DRE #01754045 760-272-1284,

    OZA Realty Inc.

    Bought with:

    Jeff Stokes, DRE #00853601

    Berkshire Hathaway HomeService

    Source: CRMLS,MLS#: 219111667DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

    Facts & features

    Interior

    Rooms
    • Room types: Other
    Heating
    • Zoned
    Cooling
    • Zoned
    Appliances
    • Included: Water Heater
    Features
    • Has fireplace: No

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, Community Structure
    • Garage spaces: 1
    • Carport spaces: 1
    • Covered spaces: 2
    • Uncovered spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Has private pool: Yes
    • Pool features: Community, In Ground
    • Has spa: Yes
    • Spa features: Community, In Ground
    • Has view: Yes
    • View description: Mountain(s), Peek-A-Boo
    Lot
    • Size: 1 Acres
    • Features: 2-5 Units/Acre, Landscaped, Near Public Transit, Paved
    Details
    • Additional parcels included: 73665 & 73675 Shadow Mountain Dr are included in sale (APN: 627311034 & 327311013).
    • Parcel number: 627311034
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Foundation: Slab
    • Roof: Composition,Flat
    Condition
    • New construction: No
    • Year built: 1972

    Community & HOA

    Community
    • Features: Pool
    • Subdivision: Not Applicable-1
    Location
    • Region: Palm Desert

    Financial & listing details

    • Annual tax amount: $40,207
    • Date on market: 5/17/2024
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Inclusions: 73665 & 73675 Shadow Mountain Dr are included in sale (APN: 627-311-034 & 327-311-013).
    • Total actual rent: 276000

    Price history

    DateEventPrice
    8/4/2024Pending sale$4,100,000+6%
    Source: Greater Palm Springs Realtors #219111667 Report a problem
    8/1/2024Sold$3,869,250-5.6%
    Source: CRMLS #219111667DA Report a problem
    6/20/2024Contingent$4,100,000
    Source: Greater Palm Springs Realtors #219111667 Report a problem
    6/3/2024Price change$4,100,000-18%
    Source: Greater Palm Springs Realtors #219111667 Report a problem
    5/17/2024Listed for sale$4,999,900
    Source: Greater Palm Springs Realtors #219111667 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92260

    Nearby schools

    GreatSchools rating
    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
    $2,204,800
    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
    $2,204,800