$8,499,000
-$1,000,00072805 Parkview Drive, Palm Desert CA 92260
Multi-Family (26 Units)
Property type
186 days
On market
$2,124,750
Price per sqft
26 cars
Garage
1989
Year built
161,172 sqft
Lot size
Home highlights
Open Houses
Overview
Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are ALL BELOW MARKET VALUE. Every unit has central Air Conditioning and its own private 2-car...
Listing provided by: Brian Gorman DRE #01156844 562-668-2390, College Park Realty
Listing updated: Jun 13, 2026 at 07:15am.
Last checked: Jun 13, 2026 at 08:00am
Source: CRMLS #PW25265610
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | 1 | $1,625 | $1,625 | $2,700 | Unfurnished |
| 20 | 2 | 2 | 1 | $1,170 | $1,170 | $2,400 | Unfurnished |
| 5 | 2 | 1 | 1 | $1,250 | $1,250 | $2,200 | Unfurnished |
# of Buildings: 8
# of Units Total: 26
Separate Electric Meters: 26
Separate Gas Meters: 0
Separate Water Meters: 0
Carpet: 26
Dishwasher: 26
Disposal: 26
Ranges: 26
Rent Control: No
Units Leased: 26
Total Actual Rent: $36,575
Tenant Pays: Cable Tv, Electricity, Telephone
Financial Snapshot
Gross Rent Multiplier
21.7x
List Price / Annual Gross Rent
Cap Rate
2.56%
NOI / List Price
Gross Scheduled Income: $390,818
Operating Expense: $172,939
Net Operating Income: $217,878
Annual Operating Expenses
Cable TV: $0
Electric: $4,059
Furniture Replacement: $0
Gardener: $21,525
Fuel: $871
Insurance: $15,005
Licenses: $89
Maintenance: $5,574
Pest Control: $792
Pool: $2,160
Professional Management: $18,000
Supplies: $2,038
Trash: $6,917
Water / Sewer: $8,356
Workers Comp: $3,406
Interior
Interior Features: Laminate Counters, All Bedrooms Down
Room Type: Bedroom
Flooring: Carpet, Tile
Cooling: Central Air
Heating: Forced Air
Appliances: Dishwasher, Disposal, Gas Range
Fireplace: Electric, Gas
Laundry: Common Area
Entry Location: Single
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Other, Spanish Tile
Construction Materials: Stucco
Exterior: Lighting
Common Walls: Two Common Walls Or More, No One Above
Security Features: Carbon Monoxide Detectors, Resident Manager, Smoke Detectors
Lot Features: Twenty Six To Thirty Units Acre
Pool: Community, Association
Spa: None
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Water Available
View: Desert, Mountains
Road Surface Type: Alley Paved
Garage and Parking
Parking: Assigned, Garage, Garage Door Opener, Guest
Garage Spaces: 26
Uncovered Spaces: 26
Parking Total: 52
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 640063018
Additional Parcels: No
Tax Lot: 1
Lot Size Dimensions: 161172
Lot Dimensions Source: Assessor
Subdivision: Parkview
Community
HOA: No
HOA Fee: $0
HOA Amenities: Pool
Senior Community: No
Community Features: Sidewalks, Pool