Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Four-unit Apartment Building offered for sale, providing stable income and future value-add opportunity! Building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the past few years. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants.
Listing Courtesy of Desert Area MLS / Coldwell Banker Realty / David Goldberg
$959,000
Rancho Mirage Area Single Family Home
Active
70920 Ironwood Drive Rancho Mirage, CA 92270
4 Bed
3 Baths
2160 sqft
MLS# 219131981
SPECTACULAR MOUNTAIN VIEWS IN COVETED TAMARISK NEIGHBORHOOD. Experience breathtaking 180-degree mountain views from this 3-bedroom, 3-bathroom + den + separate bonus room home -- offering exceptional value in Rancho Mirage's sought-after Tamarisk area. Located on a large corner lot with NO HOA, this 2,160 sq ft south-facing residence captures stunning panoramic vistas and year-round natural light. The interior features vaulted ceilings, designer finishes, and upgraded lighting throughout. Kitchen is appointed with stainless steel appliances, quartz countertops, and a charming bay window in the breakfast nook. The adjacent family room includes a fireplace, vaulted ceiling, and wet bar—perfect for entertaining. The spacious primary suite boasts serene mountain views, a luxurious soaking tub, walk-in shower. Two additional bedrooms, a den with adjacent full bath (optional 4th bedroom), and a separate air-conditioned bonus room with private entrance (ideal for an office or gym) provide flexible living options. Step outside to your own desert oasis: a saltwater pool and spa with Baja shelf, lush mature landscaping, and unobstructed views that will take your breath away. Energy-efficient solar panels offset 100% of electricity costs. Just a short golf cart ride to Mission Hills Country Club and minutes from El Paseo and Palm Springs' premier dining and shopping. A rare opportunity to own a private retreat in one of the Valley's most prestigious neighborhoods.
Listing Courtesy of Desert Area MLS / Coldwell Banker Realty / David Goldberg
