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LKV Realty, LLC

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2nd Floor

Coral Gables, FL 33146

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$1,800,000

$6,000Reward *

1777 E Arenas Road, Palm Springs, CA 92262Listing ID 219127694DA

1777 E Arenas Road, Palm Springs, CA 92262

Active

Central Palm Springs

Time on site: 457 days • Last updated: May 31, 2025

Property Type

Residential Income

Property Sub Type

Acres

0.39

Days on Site

456

Cooling

Central Air

Heating

Forced Air, Natural Gas

Year Built

1963

Listing provided by Stephen Sullivan • Coldwell Banker Realty, (760) 325-4500

Market Report for 92262

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

CDAR-D77471 • PS52884

Parking

Assigned, Side By Side

Beautifully maintained mid-century 7-unit property in the heart of Palm Springs. Each unit offers 2 bedrooms and 1.25 baths, private patios, and off-street parking. A central courtyard pool offers mountain views and a classic Palm Springs vibe. All units feature individual rooftop HVAC package units (tenants covering their own heating and cooling costs.) On-site, owned coin-operated laundry, and a total of 9 parking spaces. Six of the seven units have been recently updated, all while preserving original period details like jalousie windows. Minutes from downtown shops, the weekend Farmer's Market, and the upcoming College of the Desert campus (opening 2027). Owner's unit can be delivered vacant. Pro forma income: approx. $14k/month or $168k annually. 7.29 CAP rate. Seller is a licensed Realtor. Buyer to participate in seller's 1031 Exchange at no expense to buyer. Interior Inspection with accepted offer only. Please drive-by but do not walk on the property.

Property Information

Property Details

Location

Address

1777 E Arenas Road

County

Riverside

City

Palm Springs

Zip Code

92262

Subdivision

Central Palm Springs

MLS Area

332 - Central Palm Springs

Interior Features

Heating and Cooling

Cooling

Central Air

Heating

Forced Air, Natural Gas

Building

Building Information

Year Built

1963

Stories

Foundation

Slab

Roof

Tar/Gravel

Condition

Updated/Remodeled

Financial

Special Conditions

Standard