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Millman Team Real Estate

$1,475,000
0.35 Acre Lot

42995 Park, Palm Desert, California 92260

  • Residential Income Property Type
  • Covered Cars Garage
  • 1989 Year Built
Property Description

PRICED TO SELL!!!!! DON’T MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY. THIS EXCEPTIONAL WELL MAINTAINED LUXURY MULTI-FAMILY PROPERTY ON PARK PLACE IN PALM DESERT IS A PRIME INVESTMENT. EACH UNIT HAS MASTER BEED ROOM WITH A STRONG LAYOUT, NEWER TILE AND LAMINATE FLOORING AND DESIRABLE AMENITIES LIKE GARAGE PARKING, A POOL, AND SPA. IT APPEALS TO SERIOUS LONG TERM AND SHORT TERM TENANTS. NEWER ROOF AND A/C UNITS. ONLY ONE UNIT RENTED! 3 UNITS ARE VACANT TO GET HIGH MARKET RENTS FOR NEW OWNER. PLEASE CALL FOR MORE RENTAL INFORMATION. POSSIBLE OWNER FINANCING AVAILABLE. THE AREA IS SERVED BY EXCELLENT SCHOOLS, INCLUDING ABRAHAM LINCOLN ELEMENTARY AND PALM DESERT HIGH SCHOOL, MALL, EL PESEO, FWY ACCESS, COSTCO, SAMS CLUB AND NEW DISNEY RESORT COTINO. MAKING IT CONSISTENTLY SOUGHT AFTER. IT’S THE PERFECT ADDITION TO ANY PORTFOLIO, WHETHER YOU’RE JUST STARTING INVSTIONG OR LOOKING TO EXPAND. THIS PROPERTY QUALIFIES FOR STANDART FHA, VA AND CONVENTIONAL FININCING IF OWNER OCCUPIED.

Basic Details
Residential Income
For Sale
IV26151955
$1,475,000
Mountain(s)
1989
0.35 Acre
Active
Quadruplex
Features
: Association, Fenced
: None
: Central Air
: Living Room
: Covered
: All Bedrooms Down
: Inside
: Public Sewer
$0
Address Map
CA
Riverside
Palm Desert
Park Village
92260
Park
42995
W117° 37' 44.2''
N33° 44' 11''
EAST ON MAGNESIA FALLS DR. LEFT ON PARK PLACE. CORNER OF MAGNESIA FALLS DR AND PARK PLACE
323 - South Palm Desert
Additional Information
$0
$0
$0
$0
$0
Pool, Spa/Hot Tub
3986
: Park
1
10.0
: One
: 0-1 Unit/Acre
4
2026-07-12
1
1
: Public
Broker/Agent Information
KIMBERLY RANGELL, BROKER
FREDERICK PARKER
Financial
980.0
Monthly
1
Listing Information
IPARKFRE
IVKIMB
Submit
Active
2026-07-14T15:54:23Z
CRMLS
: Standard, Trust
2026-07-12T12:28:57Z
Agent info
Ray Millman
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