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.
Property Details
Property Features
Property Information:
Year Built: 1972
Stories: 2
Listing Office:
Office Name: OZA Realty
Office Phone: (760) 777-6622
Listing Agent: Jose Espinoza
Interior Features
Interior Information:
Appliances: Water Heater
Exterior Features
Exterior Information:
Private Pool: Yes
View: Mountain(s)
Parking Information:
Garage Space: 1 space
Parking: Assigned, Community Structure
Lot Features
Lot Information:
Lot: Landscaped, Near Public Transit, Paved
Lot Size: 1.00 Acres
Utilities
Utilities Information:
Heating: Zoned
Cooling: Zoned
Other
Directions Information:
Directions: Please refer to GPS
Price Information
Listing Price Info
Price Summary:
List Price: $4,999,900
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Palm Desert, CA.
This property is $4.4M more than the Median Sold Price in Palm Desert, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #219111667DA
Listing Office:
Office Name: OZA Realty
Office Phone: (760) 777-6622
Listing Agent: Jose Espinoza
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/2/2024, 9:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$25K
Per Month
Principal & Interest
$24.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$15K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
George Washington Charter
45768 Portola Ave
Distance between this listing and this school0.41 miles
Public Charter Grades KG-5
6
/10
Abraham Lincoln Elementary School
74100 Rutledge Way
Distance between this listing and this school1.13 miles
Public District Grades KG-5
7
/10
James Earl Carter Elementary School
74251 Hovley Ln E
Distance between this listing and this school2.05 miles
Public District Grades KG-5
Nearby Schools
6
/10
Palm Desert Charter Middle School
74200 Rutledge Way
Distance between this listing and this school1.28 miles
Public Charter Grades 6-8
4
/10
Colonel Mitchell Paige Middle School
43495 Palm Royale Dr
Distance between this listing and this school4.67 miles
Public District Grades 6-8
3
/10
La Quinta Middle School
78900 Avenue 50
Distance between this listing and this school5.78 miles
Public District Grades 6-8
Nearby Schools
8
/10
Palm Desert High School
74910 Aztec Rd
Distance between this listing and this school1.64 miles
Public District Grades 9-12
5
/10
Horizon
43330 Palm Royale Dr
Distance between this listing and this school4.67 miles
Public District Grades KG-12
2
/10
Summit High (Continuation)
43330 Palm Royale Dr
Distance between this listing and this school4.67 miles
The neighbors living near this home have an average income of $77,344. Residents of Palm Desert, CA typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 73655 Shadow Mountain Dr
What is the listing price of this property?
The listing price of 73655 Shadow Mountain Dr property is $4,999,900.
What type of property is this?
The property 73655 Shadow Mountain Dr is a house located in Palm Desert, California, 92260.
Is this property for sale now?
Active Listing: 73655 Shadow Mountain Dr is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 73655 Shadow Mountain Dr is 1972.
Interested in 73655 Shadow Mountain Dr? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 73655 Shadow Mountain Dr in Palm Desert, CA and zip code 92260 in the South Palm Desert neighborhood. This home, which was built in 1972, sits on a 1.00 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $4,999,900.
While more than 21 listings in Palm Desert, CA in May 2024 were sold above asking price, there were more than 38 listings sold at asking price, and more than 100 were sold below. Between April 2024 and May 2024, Palm Desert, CA real estate market has seen increase in the number of listings by 3.8%. While the average time on the market in May 2024 was 54 days, the median list price was $574,084.
From Rocket Homes Real Estate and based on county public records data.