This beautifully maintained mid-century 7-unit property sits in the heart of Palm Springs. Each spacious unit offers 2 bedrooms and 1.25 baths, complete with private patios and off-street parking. A central courtyard pool offers stunning mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units, with tenants covering their own heating and cooling costs. There’s also an 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. Just 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. $14,700/month or $176,400 annually. 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
Map
Community
- Address1777 E Arenas Road Palm Springs CA
- Area332 – Central Palm Springs
- SubdivisionCentral Palm Springs
- CityPalm Springs
- CountyRiverside
- Zip Code92262
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1777 E Arenas Road
Palm Springs, CA
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