74431 De Anza Way, Palm Desert, CA 92260
Local realty services provided by:Better Homes and Gardens Real Estate Champions
74431 De Anza Way,Palm Desert, CA 92260
$1,485,000
- 8 Beds
- 7 Baths
- 5,100 sq. ft.
- Multi-family
- Active
Listed by: mike z haque
Office: exp realty of california, inc.
MLS#:219150697
Source:CA_DAMLS
Price summary
- Price:$1,485,000
- Price per sq. ft.:$291.18
About this home
Investor's dream in the heart of Palm Desert! This fully permitted five-unit income property sits on a spacious 0.41-acre lot and offers projected gross rental income of $10,350 per month ($124,200 annually) at full stabilization. Three units are currently leased and generating income, while the property's two highest-value units are vacant and ready for immediate lease-up at market rates.
The primary residence is a spacious 2,700 sq. ft. 3-bedroom, 2-bath home featuring an attached two-car garage, private lap pool, in-ground spa, and built-in BBQ, with projected rental income of $3,750 per month. The standout feature is the detached 2-bedroom, 1.5-bath guest house, complete with its own owned solar system that saves approximately $400-$500 per month in electricity costs, with projected rental income of $3,000 per month.
Completing the investment are two detached permitted ADUs projected to rent for $1,500 and $1,100 per month, each with its own electric meter, plus an attached permitted casita currently leased at $1,000 per month, with utilities included. Four of the five units have independent electric meters, helping reduce owner expenses. Best of all, there's no HOA.
Ideally situated in the heart of Palm Desert, this property is just steps from the world-class dining, shopping, and entertainment along Highway 111 and the iconic El Paseo -- the ''Rodeo Drive of the Desert.'' Tenants enjoy walkable access to upscale boutiques, galleries, cafes, and restaurants, making this one of the most desirable rental locations in the Coachella Valley. Strong tenant demand and low vacancy are a natural result of a location this central.
Whether you're completing a 1031 exchange, expanding your Coachella Valley investment portfolio, or looking for a multi-generational property with substantial income potential, 74431 De Anza Way offers a rare combination of immediate cash flow, future upside, and long-term flexibility....
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Home facts
- Year built:1973
- Listing ID #:219150697
- Added:1 day(s) ago
- Updated:July 26, 2026 at 02:29 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
- Full bathrooms:6
- Flooring:Tile
- Living area:5,100 sq. ft.
Heating and cooling
- Cooling:Air Conditioning, Ceiling Fan(s), Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1973
- Building area:5,100 sq. ft.
- Lot area:0.37 Acres
- Exterior Features:Sprinkler System
- Levels:1 Story, One Level
Utilities
- Sewer:Connected and Paid, In
Finances and disclosures
- Price:$1,485,000
- Price per sq. ft.:$291.18
Features and amenities
- Pool features:In Ground, Private
Parking
- Garage spaces:2
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