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Millman Team Real Estate

$7,410,000
0.01 Acre Lot

74380 El Camino, Palm Desert, California 92260

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1963 Year Built
Property Description

HIGHLIGHTS: Palm Desert opportunity: 38 of 52 condo units, 73% majority ownership of the entire community, in a highly desirable year-round tourism destination. / 38 fully renovated, furnished and turnkey condos in the heart of Palm Desert, with all FF&E included and approximately $50, 000 invested per unit. / Strong day-one cash flow with a 9.00% CAP, plus significant upside to a 13.36% proforma CAP and a per unit basis 15%–30% below nearby condo sales. / Renovated interiors and upgraded major common-area infrastructure, with additional aesthetic repositioning upside and multiple exit strategies through / Prime Palm Desert location near El Paseo, with a $237 proforma ADR and significant peak-season upside driven by major events and year-round tourism. / Fully condo-mapped. $575/Unit/Month HOA dues cover water, internet, common area insurance, exterior maintenance, pool & landscaping. The offering consists of 38 of the 52 condominium units (approximately 73% of the entire project) located at 74380 El Camino in Palm Desert, California. This substantial concentration of ownership represents a unique opportunity to acquire a controlling majority of the units within a single project, providing investors with significant scale and the potential to benefit from future improvements and repositioning of the community. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, the city’s premier shopping and entertainment destination. The surrounding area has evolved into an upscale district featuring approximately 150 boutiques, art galleries and restaurants. With its concentration of luxury retailers, landscaped streetscape and proximity to world-class resorts, spas, golf courses, tennis facilities, fine dining and nightlife, El Paseo is often referred to as the “Rodeo Drive of the Desert.” APNS: 625340002, 625340004, 625340007, 625340008, 625340009, 625340010, 625340011, 625340012, 625340013, 625340014, 625340015, 625340016, 625340017, 625340018, 625340021, 625340022, 625340023, 625340024, 625340025, 625340026, 625340027, 625340028, 625340029, 625340030, 625340031, 625350003, 625350004, 625350005, 625350006, 625350007, 625350009, 625350010, 625350011, 625350012, 625350015, 625350017, 625350021

Basic Details
Residential Income
For Sale
IV26208044
$7,410,000
None
1963
0.01 Acre
Active
1
Condominium
Features
: Association
: Central
: Central Air
: None
: Assigned
: Common Area
: Public Sewer
$0
Address Map
CA
Riverside
Palm Desert
International Lodge (32316)
92260
El Camino
74380
W117° 37' 58.6''
N33° 43' 13.6''
Located On El Camino
323 - South Palm Desert
Additional Information
$0
$0
$0
$0
$0
600
: Urban
1
: One
: 16-20 Units/Acre
38
2026-09-23
1
1
: Public
Broker/Agent Information
LE INVESTMENT GROUP
ALBERT LE
Listing Information
IVLEALBER
IVLEIN
Submit
Active
2026-09-24T13:14:47Z
CRMLS
: Standard
2026-09-23T12:11:47Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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