1777 E Arenas Road
Palm Springs, CA, 92262
$1,800,000
Beds
0 Baths
SqFt
0.39 Acres
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Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) 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. Minutes from downtown shops, the weekend Farmer’s Market, and the upcoming College of the Desert campus (opening 2027). Two units will be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. 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.

Property Details

Price:
$1,800,000
MLS #:
219127694DA
Status:
Active
Baths:
0
Address:
1777 E Arenas Road
Type:
Residential Income
Subdivision:
Central Palm Springs
Neighborhood:
332centralpalmsprings
City:
Palm Springs
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
92262
Lot Size:
16,988 sqft / 0.39 acres (approx)
Year Built:
1963
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Schools

Interior

Cooling
Central Air
Flooring
Carpet, Tile
Heating
Natural Gas, Central

Exterior

Association Amenities
Pet Rules
Foundation Details
Slab
Garage Spaces
0.00
Parking Features
Assigned, Side by Side
Parking Spots
9.00
Pool Features
Community, In Ground
Roof
Tar/ Gravel
Security Features
Gated Community
Stories Total
1
View
Mountain(s)

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas

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Community

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1777 E Arenas Road
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