225 E  Avenida Palmera, Palm Springs, CA 92264
SOLDJAN 22, 2024

225 E Avenida Palmera
Palm Springs, CA 92264

Tahquitz River Estates
  • 26 Beds
  • 30 Baths
  • 15,973 sqft (on 0.93 acres)
  • 26 Beds
  • 30 Baths
  • 15,973 sqft (on 0.93 acres)

$4,000,000

Last Sold: Jan 22, 2024
15% below list $4.72M
$250/sqft
Est. Refi. Payment $25,482/mo*

Homes for Sale Near 225 E Avenida Palmera

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from January 23, 2024
SELLER FINANCING IS AVAILABLE - INQUIRE FOR TERMS. This Spanish Hacienda style apartment complex, dubbed Casa de Palmera, comprises three separate buildings totaling 18 units on nearly an acre in Tahquitz River Estates. It's rare that a property of this caliber and potential becomes available in Palm Springs. All units are equipped with central AC, full appliance suites, oversized living spaces and bedrooms, and many units have one or two large private patios. All tenants are month-to-month and many are long-term residents. Unit Breakdown: four - 2BR/2.5BA two-story townhouses, four - 2BR/2BA single-level units, four - 1BR/1BA single-level units, and six - 1BR/1BA single-level "casita" units with no unit above. All units are currently below market rents. Other property highlights include: outstanding mountain views, lush green spaces, close proximity to public transportation, food, grocery, financial institutions, and downtown Palm Springs, owned laundry facilities, and abundant value-add opportunities.

Home Highlights

Parking
Open Parking
Outdoor
Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
$250/sqft
Listed
180+ days ago

Home Details for 225 E Avenida Palmera

Interior Features

Beds & Baths
Number of Bedrooms: 26Number of Bathrooms: 30
Dimensions and Layout
Living Area: 15973 Square Feet
Appliances & Utilities
Appliances: Oven, Microwave, Dishwasher, Freezer, Refrigerator, Range/OvenDishwasherLaundry: Common Area,Laundry AreaMicrowaveRefrigerator
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: NoneSpa: Heated, In GroundNo Fireplace
Levels, Entrance, & Accessibility
Stories: 2Levels: Multi/SplitEntry Location: Ground Level - no steps
View
Has a ViewView: Park/Greenbelt, Mountain(s)

Exterior Features

Exterior Home Features
Roof: ClayPatio / Porch: EnclosedOther Structures: NoneExterior: BalconyFoundation: Slab
Parking & Garage
Number of Covered Spaces: 18Has a CarportNo Attached GarageHas Open ParkingParking Spaces: 26Parking: Carport,Detached Carport,Covered,On Street,Open
Pool
Pool: In Ground, FilteredPool
Frontage
Waterfront: NoneNot on Waterfront
Water & Sewer
Sewer: In Connected and Paid

Property Information

Year Built
Year Built: 1976
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Spanish
Building
Construction Materials: StuccoNo Additional Parcels

Price & Status

Price
List Price: $4,725,000Price Per Sqft: $250/sqft
Status Change & Dates
Off Market Date: Mon Jan 22 2024

Active Status

MLS Status: Sold

Location

Direction & Address
City: Palm Springs

Building

Building Area
Building Area: 15973 Square Feet

Lot Information

Lot Area: 0.93 acres

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Expense
Tenant Pays: Electricity, Gas, Insurance

Rental

Owner Pays: Grounds Care, Water, Pool Maintenance

Miscellaneous

Mls Number: 22-182577
Last check for updates: about 19 hours ago
Listed by James Gault DRE # 01985784, (310) 621-7765
Compass, (760) 350-9253
Bought with: James Gault DRE # 01985784, (310) 621-7765, Compass, (760) 350-9253
Source: CLAW, MLS#22-182577

Price History for 225 E Avenida Palmera

DatePriceEventSource
01/22/2024$4,000,000Sold
CLAW #22-182577
08/16/2023$4,725,000PriceChange
CLAW #22-182577
05/30/2023$4,995,000PriceChange
CLAW #22-182577
02/24/2023$5,495,000PriceChange
CLAW #22-182577
07/28/2022$5,895,000Listed For SaleCLAW #22-182577
09/15/2014$2,000,000Sold
CDAR/ Desert Area MLS #214025357
07/22/2014$2,249,000Listed For SaleAgent Provided
11/12/2009$2,000,000Sold
CDAR/ Desert Area MLS #41369909

Comparable Sales for 225 E Avenida Palmera

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.09
Multi-Family Home
$1,420,000
12/29/23
2
4
2,174
0.83
Multi-Family Home
$825,000
09/18/23
4
3
1,700
0.68
Multi-Family Home
$679,000
12/15/23
2
2
1,150
0.85
Multi-Family Home
$1,400,000
12/29/23
-
-
1.07
Multi-Family Home
$685,000
02/20/24
4
2
1,528
0.77
Multi-Family Home
$810,000
08/24/23
-
-
1.06
Multi-Family Home
$600,000
02/14/24
-
-
2.26
Multi-Family Home
$2,000,000
07/26/23
9
9
7,000

Assigned Schools

These are the assigned schools for 225 E Avenida Palmera.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Tahquitz River Estates

  • Q66yxsywc9
    "It’s beautiful and peaceful. Great walking for my dog. I always meet friendly people when walking my dog"
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  • Q66yxsywc9
    "I’ve lived here for 5 years and I love it. It’s pretty. Everyone takes pride in their homes. Dog friendly neighbors."
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  • Mahalokoka
    "Everyone has a dog around here. We all walk the riverbed and trails with our dogs. Everyone is really responsible for picking up as well"
    8
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  • Mahalokoka
    "We have no sidewalks and people use landscaping lights in their yards. It’s beautiful. The closer you live to the mountain or riverbed the more wildlife you see. Squirrels,coyotes,raccoons,skunks,birds frogs "
    4
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  • Mahalokoka
    "Everything is basically down the street. I can walk if I need to. I only drive to get to work which is up the Tram road."
    1
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  • Elizabeth.arnoldkung
    "Art festivals. Food festivals. Music festivals. Block parties During holidays. It’s a lot of fun And people Emjoynrhemeleve s has "
    2
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  • Mahalokoka
    "Very nice quiet, well maintained neighbourhood. I love living here. Everyone takes pride in their homes."
    1
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  • Susan R.
    "It’s a great neighborhood for dogs. Dog owners love to stop and greet each other. It’s a quiet safe place to walk. "
    1
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  • Lovemeshayer
    "love the people and trail, very close to downtown I can walk there and I feel very safe. it is a great area to love in with dog lovers and people riding their bikes. it's a wonderful experience for tourists. "
    14
    Flag

LGBTQ Local Legal Protections

© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 225 E Avenida Palmera

Off Market Homes Near 225 E Avenida Palmera

225 E Avenida Palmera, Palm Springs, CA 92264 is a 26 bedroom, 30 bathroom, 15,973 sqft multi-family built in 1976. 225 E Avenida Palmera is located in Tahquitz River Estates, Palm Springs. This property is not currently available for sale. 225 E Avenida Palmera was last sold on Jan 22, 2024 for $4,000,000 (15% lower than the asking price of $4,725,000). The current Trulia Estimate for 225 E Avenida Palmera is $4,111,700.