74431 De Anza WAY, Palm Desert, CA 92260
74431 De Anza WAY, Palm Desert, CA 92260
74431 De Anza WAY, Palm Desert, CA 92260
66
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$1,485,000
Est. payment /mo
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8 Beds
7 Baths
5,100 SqFt
New

74431 De Anza WAY Palm Desert, CA 92260

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Nikki Bonifatto

Nikki Bonifatto

+1(702) 467-7343

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,100 sqft

Price per Sqft $291

MLS Listing ID 219150697PS

Bedrooms 8

Full Baths 6

Year Built 1973

Lot Size 0.370 Acres

Property Sub-Type Multi-Family

Property Description

Investor's dream in the heart of Palm Desert! This fully permitted five-unit income property sits on a spacious 0.41-acre lot and offers projected gross rental income of $10,350 per month ($124,200 annually) at full stabilization. Three units are currently leased and generating income, while the property's two highest-value units are vacant and ready for immediate lease-up at market rates.The primary residence is a spacious 2,700 sq. ft. 3-bedroom, 2-bath home featuring an attached two-car garage, private lap pool, in-ground spa, and built-in BBQ, with projected rental income of $3,750 per month. The standout feature is the detached 2-bedroom, 1.5-bath guest house, complete with its own owned solar system that saves approximately $400-$500 per month in electricity costs, with projected rental income of $3,000 per month.Completing the investment are two detached permitted ADUs projected to rent for $1,500 and $1,100 per month, each with its own electric meter, plus an attached permitted casita currently leased at $1,000 per month, with utilities included. Four of the five units have independent electric meters, helping reduce owner expenses. Best of all, there's no HOA.Ideally situated in the heart of Palm Desert, this property is just steps from the world-class dining, shopping, and entertainment along Highway 111 and the iconic El Paseo -- the ''Rodeo Drive of the Desert.'' Tenants enjoy walkable access to upscale boutiques, galleries, cafes, and restaurants, making this one of the most desirable rental locations in the Coachella Valley. Strong tenant demand and low vacancy are a natural result of a location this central.Whether you're completing a 1031 exchange, expanding your Coachella Valley investment portfolio, or looking for a multi-generational property with substantial income potential, 74431 De Anza Way offers a rare combination of immediate cash flow, future upside, and long-term flexibility.

Location

State CA

County Riverside

Area Palm Desert North

Interior

Heating Forced Air

Cooling Air Conditioning, Ceiling Fan, Central

Flooring Tile

Equipment Ceiling Fan

Exterior

Parking Features Driveway, On street

Garage Spaces 2.0

Pool In Ground, Private

View Y/N Yes

View Mountains, Pool

Building

Story 1

Sewer In Connected and Paid

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by eXp Realty of California, Inc.

NEARBY SCHOOL & BUSINESS

Nikki Bonifatto
Nikki Bonifatto

Agent | RE. S.0175996

+1(702) 467-7343 | nbonifatto@gmail.com

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74431 De Anza WAY