44408 Acacia Drive, Palm Desert, CA 92260
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
44408 Acacia Drive,Palm Desert, CA 92260
$862,500
- - Beds
- - Baths
- 5,040 sq. ft.
- Multi-family
- Pending
Listed by: brittany grilley, nicole cinquini
Office: douglas elliman of california949-354-0450
MLS#:OC26075889
Source:CRMLS
Price summary
- Price:$862,500
- Price per sq. ft.:$171.13
About this home
44408 & 44440 Acacia Drive in Palm Desert presents a rare opportunity to acquire two adjacent triplex buildings sold together as one cohesive six-unit investment. Each building features three units, with a shared pool area, shared on-site laundry, and ample parking, creating an efficient, easy-to-manage multifamily layout. If you're looking for a clean, low-maintenance asset in a strong rental market, this is the kind of opportunity that doesn't come along often. What sets this property apart is the scope of work already completes, coupled with a fully updated rent roll that reflects current market conditions.. Nearly every major system and surface has been thoughtfully updated, removing the capital expense uncertainty that often comes with small multifamily. The property features a new roof with full tear-off, fresh underlayment, sealed vents, and new shingles. All six units have been extensively renovated with new cabinetry, countertops, updated kitchens and baths, new flooring and baseboards, fresh interior paint, updated doors, hardware, lighting, fans, fixtures, and new appliances. Tankless water heaters have been installed for modern efficiency and long-term reliability. The exterior has been refreshed with patched and painted surfaces, cleaned soffits, improved curb appeal, upgraded drought-friendly landscaping, rebuilt private patio fencing and gates, renovated storage closets, keyless entry, and enhanced pool and patio areas with new furniture and amenities. Each unit offers a well-designed two-bedroom, one-bath layout that consistently performs in the Palm Desert rental market. All legacy tenants have been removed, and the property is now leased at market rents, allowing a new owner to step directly into stabilized income without the need for repositioning. The location further strengthens the investment, situated near College of the Desert, shopping, dining, golf, and major thoroughfares, creating strong tenant demand and long-term retention. Priced significantly below recent appraised value, this offering is ideal for 1031 exchange buyers, portfolio investors seeking stabilized income, or private investors who want a modernized asset without renovation risk. This is not a "someday" value-add project. The work is done. You're not buying a project, you're buying stability, thoughtful execution, and an income-producing asset built to perform in a market where quality small multifamily inventory is increasingly difficult to replace....
Contact an agent
Home facts
- Year built:1966
- Listing ID #:OC26075889
- Added:3 day(s) ago
- Updated:April 12, 2026 at 07:31 AM
Rooms and interior
- Flooring:Laminate, Wood
- Kitchen Description:Dishwasher, Gas Range, Microwave
- Living area:5,040 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1966
- Building area:5,040 sq. ft.
- Lot area:0.2 Acres
- Architectural Style:Bungalow, Mid Century Modern
- Construction Materials:Stucco
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$862,500
- Price per sq. ft.:$171.13
Features and amenities
- Appliances:Dishwasher
- Amenities:All Bedrooms Down, Carbon Monoxide (CO2) Detector
- Pool features:Community
Parking
- Total parking spaces:12
New listings near 44408 Acacia Drive
$1,690,000Active3 beds 3 baths2,427 sq. ft.46950 Amir Drive, Palm Desert, CA 92260
MLS# 219139923DAListed by: COLDWELL BANKER REALTY- Open Tue, 12 to 2pmNew
$540,000Active2 beds 2 baths1,833 sq. ft.73280 Shadow Mountain Drive #D, Palm Desert, CA 92260
MLS# 219146254DAListed by: CENTURY 21 AFFILIATED FINE HOMES & ESTATES - New
$545,000Active2 beds 2 baths1,656 sq. ft.414 S Sierra Madre S, Palm Desert, CA 92260
MLS# 219146250DAListed by: DESERT SOTHEBY'S INTERNATIONAL REALTY - New
$456,000Active2 beds 2 baths1,139 sq. ft.42242 Omar Place, Palm Desert, CA 92211
MLS# 219146251PSListed by: EXP REALTY OF CALIFORNIA, INC. - New
$599,000Active3 beds 3 baths2,185 sq. ft.78892 Fountain Hills Drive, Palm Desert, CA 92211
MLS# 219146228DAListed by: HOMESMART - Coming Soon
$398,000Coming Soon2 beds 2 baths41597 Armanac Court, Palm Desert, CA 92260
MLS# 219146232DAListed by: COMPASS - Open Sun, 11am to 2pmNew
$629,000Active2 beds 2 baths1,702 sq. ft.127 Avellino Circle, Palm Desert, CA 92211
MLS# 219146235DAListed by: EQUITY UNION - New
$419,000Active2 beds 2 baths1,609 sq. ft.106 Towle Circle, Palm Desert, CA 92211
MLS# 219146238DAListed by: KELLER WILLIAMS REALTY - New
$599,000Active3 beds 3 baths1,647 sq. ft.78649 Waterfall Drive, Palm Desert, CA 92211
MLS# CL26690917Listed by: NELSON SHELTON & ASSOCIATES - New
$3,199,000Active3 beds 4 baths3,971 sq. ft.48387 Old Stone Trail, Palm Desert, CA 92260
MLS# 26698557PSListed by: KELLER WILLIAMS LUXURY HOMES