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53Total Baths

Sellers motivated! Updated information provided 11.20.17 - now a 5% cap rate! Smoke Tree Apartments - 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111, between two large shopping centers, restaurants, supermarkets, amenities, and only minutes to downtown Palm Springs and Palm Springs international airport. It includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above) Zoned for Sober or Assisted living with CUP - Potential to QUADRUPLE income!

Listing Details

Essential Information

MLS® #: 216030166DA
Price: $2,950,000
Bedrooms: 53
Bathrooms: 53.00
Square Footage: 425
Type: Income
Status: Active

Community Information

Address: 1800 Smoke Tree
Area: Palm Springs South End
County: Riverside
State: CA
Zip Code: 92264


Amenities: Assoc Pet Rules, Card Room, Clubhouse, Meeting Room, Onsite Property Management
Has Pool: Yes
Pool: Exercise Pool, Gunite, In Ground


Heating: Forced Air, Natural Gas
Cooling: Air Conditioning


Lot Description: Curbs, Front Yard, Landscaped, Sidewalks, Storm Drains, Street Lighting, Street Paved, Street Public, Utilities Underground
Windows: Mini Blinds, Vertical Blinds, Window Blinds
Roof: Composition Shingle
Foundation: Foundation - Concrete Slab

Additional Information

Date Listed: October 12th, 2016
Days on Market: 425
Zoning: RGA


$/SqFt: $6,941
Listing Agent: Leonard Bustos (00865572)
Listing Office: Leonard Bustos & Associates
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Last updated on January 15th, 2018 at 11:31pm PST