is pleased to exclusively market for sale a four-unit apartment complex located at 73692 Santa Rosa Way in the highly regarded city of Palm Desert within the Coachella Valley. Built in 2007, the property features an excellent unit mix of large two- and three-bedroom units. The property consists of one building situated on a large 0.28 acre/12,196 square foot lot. Construction is wood frame with stucco exterior. Units feature well-equipped kitchens that include a gas oven/range, built-in microwave, and refrigerator. The units are spacious with washer/dryer hook-ups and garbage disposals. The property is located within a residential neighborhood surrounded by single family homes & small multifamily apartment communities. This offering presents an investor with the opportunity to acquire a turnkey asset with very little risk of unforeseen maintenance issues due to newer construction, great rental location in a highly desirable Coachella Valley location. Within walking distance to the famed and exclusive "El Paseo" shopping district, which includes high-end retailers such as Sak's 5th Avenue, Gucci, Tiffany & Co. , Escada, and Coach, as well as shopping malls. Palm Desert as a whole is renowned for its destination golf courses and resorts.
Multi-familyProperty Type
2007Year Built
0.28 acresLot Size
$12Est. Price/Sq.Ft.
8 spacesParking
Listed by ALEXANDER GARCIA•DRE #01072982• MARCUS & MILLICHAP
Bought with Kathy Rhodes•DRE #01834118• Keller Williams Realty
is pleased to exclusively market for sale a four-unit apartment complex located at 73692 Santa Rosa Way in the highly regarded city of Palm Desert within the Coachella Valley. Built in 2007, the property features an excellent unit mix of large two- and three-bedroom units. The property consists of one building situated on a large 0.28 acre/12,196 square foot lot. Construction is wood frame with stucco exterior. Units feature well-equipped kitchens that include a gas oven/range, built-in microwave, and ref
is pleased to exclusively market for sale a four-unit apartment complex located at 73692 Santa Rosa Way in the highly regarded city of Palm Desert within the Coachella Valley. Built in 2007, the property features an excellent unit mix of large two- and three-bedroom units. The property consists of one building situated on a large 0.28 acre/12,196 square foot lot. Construction is wood frame with stucco exterior. Units feature well-equipped kitchens that include a gas oven/range, built-in microwave, and refrigerator. The units are spacious with washer/dryer hook-ups and garbage disposals. The property is located within a residential neighborhood surrounded by single family homes & small multifamily apartment communities. This offering presents an investor with the opportunity to acquire a turnkey asset with very little risk of unforeseen maintenance issues due to newer construction, great rental location in a highly desirable Coachella Valley location. Within walking distance to the famed and exclusive "El Paseo" shopping district, which includes high-end retailers such as Sak's 5th Avenue, Gucci, Tiffany & Co., Escada, and Coach, as well as shopping malls. Palm Desert as a whole is renowned for its destination golf courses and resorts.
GPSMLS #41395816
Apr 26, 2011
Sold
$450,000
$4/sq ft
Apr 26, 2011
Sold
$450,000
$4/sq ft
Apr 14, 2010
Listed
$848,000
$7/sq ft
2 Three bedroom two bath and 2 two bedroom two bath. All four units are rented at this time. Located within walking distance to Resaurant's, shopping, College of the Desert, McCallum Theatre, Senior Center and Civic Center. Great investment opportunity. Bank owned property.
GPSMLS #21319148
Feb 27, 2010
Listing Removed
—
Jan 26, 2008
Listed
$999,000
$8/sq ft
GPSMLS #21194824
Jan 18, 2005
Listing Removed
—
Oct 21, 2004
Listed
$499,000
$4/sq ft
GPSMLS #21194325
Jan 18, 2005
Listing Removed
—
Oct 15, 2004
Listed
$499,000
$4/sq ft
PALM #41178262
Jun 22, 2004
Delisted
—
Mar 22, 2004
Listed
*
Year
Property tax
Land + Additions
Assessment*
2025
$12,456 (+2.2%)
$208,902 + $661,531
$870,433
2024
$12,188 (+2.7%)
$208,902 + $661,531
$870,433
2023
$11,867 (+2.7%)
$204,806 + $648,560
$853,366
2022
$11,557 (+2.6%)
$200,791 + $635,844
$836,635
2021
$11,269 (+1.7%)
$196,854 + $623,377
$820,231
2020
$11,079 (+1.7%)
$192,995 + $611,154
$804,149
2019
$10,891 (+1.7%)
$191,017 + $604,888
$795,905
2018
$10,706 (+3.1%)
$187,272 + $593,028
$780,300
2017
$10,389 (+45.0%)
$180,000 + $570,000
$750,000
2016
$7,163 (−0.3%)
$180,000 + $570,000
$750,000
2015
$7,184 (+1.4%)
$81,166 + $405,847
$487,013
2014
$7,083 (−1.1%)
$78,383 + $391,921
$470,304
2013
$7,161 (+2.9%)
$78,383 + $391,921
$470,304
2012
$6,961 (+1.2%)
$78,030 + $390,150
$468,180
2011
$6,876 (−44.7%)
$76,500 + $382,500
$459,000
2010
$12,427 (+3.4%)
$68,340 + $382,500
$450,840
2009
$12,021 (+4.9%)
$59,177 + $855,786
$914,963
2008
$11,463
$59,318 + $857,820
$917,138
Tax history for 73692 Santa Rosa Way
Year
Property tax
Land + Additions
Assessment*
2025
$12,456 (+2.2%)
$208,902 + $661,531
$870,433
2024
$12,188 (+2.7%)
$208,902 + $661,531
$870,433
2023
$11,867 (+2.7%)
$204,806 + $648,560
$853,366
2022
$11,557 (+2.6%)
$200,791 + $635,844
$836,635
2021
$11,269 (+1.7%)
$196,854 + $623,377
$820,231
2020
$11,079 (+1.7%)
$192,995 + $611,154
$804,149
2019
$10,891 (+1.7%)
$191,017 + $604,888
$795,905
2018
$10,706 (+3.1%)
$187,272 + $593,028
$780,300
2017
$10,389 (+45.0%)
$180,000 + $570,000
$750,000
2016
$7,163 (−0.3%)
$180,000 + $570,000
$750,000
2015
$7,184 (+1.4%)
$81,166 + $405,847
$487,013
2014
$7,083 (−1.1%)
$78,383 + $391,921
$470,304
2013
$7,161 (+2.9%)
$78,383 + $391,921
$470,304
2012
$6,961 (+1.2%)
$78,030 + $390,150
$468,180
2011
$6,876 (−44.7%)
$76,500 + $382,500
$459,000
2010
$12,427 (+3.4%)
$68,340 + $382,500
$450,840
2009
$12,021 (+4.9%)
$59,177 + $855,786
$914,963
2008
$11,463
$59,318 + $857,820
$917,138
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
2007
Sq. Ft.
—
Year built
2007
Style
Other
County
Riverside County
APN
627101044
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
R-3
S.O.
Multi-Family Residential District
The intent of this district is to provide suitable areas for moderate to higher intensity and density (7.0-40.0 du/ac) for residential development and small scale commercial activity. The zoning district is characterized by higher density residential development and mixed uses in proximity to retail and commercial services. Buildings are organized around formal streetscapes with a variety of plazas and other pedestrian amenities and open spaces that are highly connected to surrounding development.
Zone overlays
Permitted uses
Include but are not limited to:
Day care facility
Housing
Housing-Multiple units
Recreation
Park & open space
May 9, 2008 • Final
Non-res accessory structure
Construct trash enclosures and block walls according to city specifications.
ADU
Grading
Oct 9, 2007 • Final
Fire commercial building
Fire sprinkler
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Carport Spaces: 4
# of Parking Spaces: 8
Interior
Laundry Information
Has Laundry
Dryer Included
Exterior
Exterior Features
Pool Features: None
Lot Information
Lot Size Source: Estimated
Lot Features: 2-5 Units/Acre
Property Information
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 627101044
Attached Property
Year Built Source: Estimated
Financial
Lease / Rental Details
Operating Expense: $21,373
Utilities
Utilities Information
Sewer Connected
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 1436424
Listing Key Numeric: 13619153
Actual Rent: $1,195
Total # of Baths: 2
Total # of Beds: 2
# of Garage Spaces: 2
Furnished: Unfurnished
Total Rent: $2,390
Total # of Units: 2
Unit Type 2 Information
Unit Key Numeric: 1436425
Listing Key Numeric: 13619153
Actual Rent: $1,360
Total # of Baths: 2
Furnished: Unfurnished
Total # of Beds: 3
# of Garage Spaces: 2
Total Rent: $2,720
Total # of Units: 2
Expenses
Trash: $500
Maintenance: $2,500
Insurance: $1,250
Water Sewer: $500
Electric: $1,000
New Taxes: $11,063
Furniture Replacement: $1,000
Multi-Unit Information
Net Operating Income: $38,107
Total Building Area: 121,196
Gross Scheduled Income: $61,320
Gross Income: $5,110
# Of Separate Water Meters: 4
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 1
Neighborhood Information
Community Features: Sidewalks, Street Lighting, Urban
Location Information
Latitude: 33.72813100
Longitude: -116.37923600
Directions: Cross Streets: Santa Rosa Way/San Pascual Ave
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: 2.0
Lot Size: 0.28 acres
Style: Other
Year Built: 2007
Year Renovated: 2007
County: Riverside County
APN: 627101044
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
Days Active in MLS: 130
Continuous Days Active in MLS: 130
Listing Agent Information
List Agent First Name: ALEXANDER
List Agent Last Name: GARCIA
Listing Office Information
List Office Name: MARCUS & MILLICHAP
Selling Agent Information
Buyer Agent First Name: Kathy
Buyer Agent Last Name: Rhodes
Selling Office Information
Buyer Office Name: Keller Williams Realty
Around this home
Schools
Abraham Lincoln Elementary School
Public K-5 • Assigned • 0.6mi
7/10
La Quinta Middle School
Public 6-8 • Assigned • 6.0mi
4/10
Palm Desert High School
Public 9-12 • Assigned • 1.2mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 111° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Palm Desert, CA • 92260
Average low and high temperatures (°F)
68
49
76
55
82
60
82
61
90
67
100
75
102
78
103
80
96
75
89
65
74
53
72
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$1.33M – $1.61M
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