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72805 Parkview Drive, Palm Desert, California 92260, Palm Desert, 92260 - bed, bath

72805 Parkview Drive, Palm Desert, California 92260 home-pic-0
ACTIVE$9,999,999
72805 Parkview Drive, Palm Desert, California 92260
0Bed
0Bath
4Sqft
161,172Lot
Year Built
1989
Close
-
List price
$10M
Original List price
$10M
Price/Sqft
$2,500,000
HOA
-
Days on market
-
Sold On
-
MLS number
PW25265610
Home ConditionFair
Features
Good View: Desert, Mountain(s)
Pool
Patio
ViewDesert, Mountain(s)

About this home

We found 4 Cons,5 Pros.

Truly ONE-OF-A-KIND, this 26-unit multifamily community spans 6 distinctive buildings and offers a rare combination of privacy, convenience, and strong rental appeal. This property offers (1) 3 bedroom, 2 bath unit, (20) 2 bedroom, 2 bath units and (5) 2 bedroom, 1 bath units that are ALL BELOW MARKET VALUE. Every unit has central Air Conditioning and its own private 2-car detached garage. The community has an additional 26 uncovered parking spaces for guest parking. Property is fully occupied with substantial rental upside. The community offers desirable shared features, including a sparkling pool, on-site laundry facilities, and well-maintained grounds. Gas, water, and trash are included, streamlining management and providing added value to residents. Ideally located to all things great in the desert and is in walking distance to the College of the Desert. This property consistently attracts long-term, reliable tenants. With unmatched features and steady tenant demand in a prime location, this is a standout investment opportunity with exceptional long-term potential. Impeccably maintained property with pride of ownership. Do not disturb occupants.

Price History

Date
Event
Price
12/12/25
Listing
$9,999,999
Condition Rating
Fair
The property was built in 1989, making it 35 years old. While the description states 'impeccably maintained property with pride of ownership,' the interior images, particularly of the bathrooms, reveal dated styles including laminate countertops, integrated sinks, and older light fixtures, consistent with the property's age and suggesting no extensive recent renovations. The living areas feature carpet and popcorn ceilings, also indicative of an older aesthetic. The MLS analysis explicitly notes that 'core systems (e.g., HVAC, plumbing, electrical) are 35 years old, potentially requiring significant capital expenditures for replacements or upgrades in the near future,' and that 'unit upgrades might be necessary' to capitalize on rental upside. This aligns perfectly with the 'Fair' criteria: built over 20 years ago, maintained through regular upkeep, major components are functional but show signs of being outdated, and requires minor updates or repairs to meet modern standards.
Pros & Cons

Pros

Significant Rental Upside: The property is fully occupied with units currently rented below market value, offering immediate potential for increased income upon lease renewals and strategic rent adjustments.
Prime Location & High Demand: Ideally located in Palm Desert, within walking distance to the College of the Desert, ensuring consistent tenant demand and attracting long-term, reliable residents.
Comprehensive Unit Amenities: Every unit features central air conditioning and a private 2-car detached garage, highly desirable amenities that enhance tenant satisfaction and retention, especially in the desert climate.
Attractive Community Features: The community offers a sparkling pool, on-site laundry facilities, well-maintained grounds, and includes gas, water, and trash, simplifying management and adding value for residents.
Impeccable Maintenance & Condition: Described as 'impeccably maintained property with pride of ownership,' suggesting minimal deferred maintenance and a well-preserved asset, reducing immediate capital expenditure for a new owner.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 4, other record living area = 28236.
Age of Construction: Built in 1989, the property's core systems (e.g., HVAC, plumbing, electrical) are 35 years old, potentially requiring significant capital expenditures for replacements or upgrades in the near future.
Limited Due Diligence Access: The instruction 'Do not disturb occupants' restricts comprehensive interior inspections of all units prior to an offer, potentially masking unforeseen maintenance issues or varying unit conditions.
Potential for Unit Modernization Costs: While well-maintained, the description does not specify recent interior renovations for individual units. To fully capitalize on the 'below market value' rents, unit upgrades might be necessary, incurring additional costs.

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