723 E Cottonwood RD, Palm Springs, CA 92262
723 E Cottonwood RD, Palm Springs, CA 92262
723 E Cottonwood RD, Palm Springs, CA 92262
723 E Cottonwood RD, Palm Springs, CA 92262
723 E Cottonwood RD, Palm Springs, CA 92262
723 E Cottonwood RD, Palm Springs, CA 92262
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Orlando Garcia

Orlando Garcia

+1(562) 413-7349
$ 1,469,000
Est. payment | /mo

0.26 Acres Lot

Save
$ 1,469,000
Est. payment | /mo
Save

0.26 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision El Mirador

MLS Listing ID 219154632PS

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1977

Lot Size 0.260 Acres

Property Description

Reimagined Mid-Century Fourplex. A distinctive Palm Springs take on multifamily living, this extensively renovated four-unit property was thoughtfully reimagined in 2021 as a boutique mid-century apartment community, with all four units are occupied by long-term tenants, offering immediate rental income and a compelling opportunity for an investor.The renovation was extensive:stucco was repaired and repainted, while new windows and doors enhance appearances and energy efficiency. Units 2 and 3 received thoughtfully reconfigured kitchens that open to the living spaces, accented by breeze block, integrated workspaces, and custom shelving, with all 4 units getting refreshed.At the heart of the property, the pool courtyard was completely reimagined with expanded lounge space, colorful shade sails, breeze-block accents, and a custom Marilyn Monroe mural all surrounded by grounds transformed into a lush, resort-like setting.The property's infrastructure and common areas have been equally well cared for. The parking area was patched, resurfaced and restriped; a new mailbox cluster reinforces the mid-century aesthetic; and the foam roof was recoated in 2026. Translucent milk-glass entry gates replaced the original see-through metal gates, adding privacy, security and a sophisticated architectural detail.Unit 4 offers an especially compelling owner-user opportunity. The living area was substantially redesigned to capture the pool and courtyard views, with the kitchen relocated to the north wall and two new sliding glass doors creating a stronger indoor-outdoor connection. A new clerestory window brings morning light into the primary bedroom. The private courtyard was opened to the sky, with new patterned concrete paving, colorful shade sails and breeze-block detailing. A separate stackable washer/dryer, outdoor shower with mosaic tile and new tankless water heater complete the upgrades.Unit 1 remains attractively positioned below market, providing an additional value-add opportunity for a future owner or investor.With its combination of Palm Springs architectural character, resort-style outdoor living, extensive capital improvements, long-term tenancy and owner-user potential, this is a rare opportunity to own a small boutique multifamily property that feels more like a private desert retreat than a traditional fourplex. Fee simple (you own the land).

Location

State CA

County Riverside

Area 332 - Central Palm Springs

Interior

Heating Central

Flooring Concrete, Tile

Fireplace No

Exterior

Parking Features Assigned

Pool Gunite, Electric Heat, In Ground

Community Features Gated

View Y/N Yes

View Mountain(s)

Roof Type Flat

Total Parking Spaces 6

Private Pool Yes

Building

Lot Description Landscaped

Story 1

Entry Level One

Architectural Style Modern

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 507042003

Security Features Gated Community

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Luca Volpe Realty Trust #02037333

Nearby Locations

Orlando Garcia

+1(562) 413-7349

ogarcia@realtygrouphs.com

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723 E Cottonwood RD