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42995 Park Pl1 / 61 · Click to zoom

About this home

PRICED TO SELL!!!!! DON'T MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY. THIS EXCEPTIONAL WELL MAINTAINED LUXURY MULTI-FAMILY PROPERTY ON PARK PLACE IN PALM DESERT IS A PRIME INVESTMENT. EACH UNIT HAS MASTER BEED ROOM WITH A STRONG LAYOUT,NEWER TILE AND LAMINATE FLOORING AND DESIRABLE AMENITIES LIKE GARAGE PARKING, A POOL, AND SPA. IT APPEALS TO SERIOUS LONG TERM AND SHORT TERM TENANTS. NEWER ROOF AND A/C UNITS. ONLY ONE UNIT RENTED! 3 UNITS ARE VACANT TO GET HIGH MARKET RENTS FOR NEW OWNER. PLEASE CALL FOR MORE RENTAL INFORMATION. POSSIBLE OWNER FINANCING AVAILABLE. THE AREA IS SERVED BY EXCELLENT SCHOOLS, INCLUDING ABRAHAM LINCOLN ELEMENTARY AND PALM DESERT HIGH SCHOOL, MALL, EL PESEO, FWY ACCESS, COSTCO, SAMS CLUB AND NEW DISNEY RESORT COTINO. MAKING IT CONSISTENTLY SOUGHT AFTER. IT'S THE PERFECT ADDITION TO ANY PORTFOLIO, WHETHER YOU'RE JUST STARTING INVSTIONG OR LOOKING TO EXPAND. THIS PROPERTY QUALIFIES FOR STANDART FHA, VA AND CONVENTIONAL FININCING IF OWNER OCCUPIED.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$1,600,000 · Apr 2022
📋 Assessed value$1,731,889
💵 Annual tax$22,589
🏫 School districtDesert Sands Unified School District

MLS #IV26151955MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment
$8,927
Principal & interest$7,206
Property tax$1,306
Home insurance$416
Down payment: $285,000Loan: $1,140,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.