About this home
Excellent 5-unit multifamily investment opportunity in Palm Springs. Park Lane Apartments sits on approximately 0.77 acres and includes four 2BR/1BA units and one 3BR/1BA unit. Fully occupied with month-to-month tenants, offering strong value-add potential through renovations and rent increases. Features include separate electric meters, private patios and yards, individual laundry rooms, 16 parking spaces, and a recently repaved and restriped lot. Newer roof installed approximately 2023-2024. Current rents total $9,600/month with projected market rents of approximately $11,900/month. Offered at $1,350,000. Please do not disturb tenants.
Listing last checked: Listing updated:
Listed by Ahmed Ribhi Abdeldayem PA · KW Innovations · MLS #B26074501
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Details at a glance
Interior2 property facts
- Heating
- Central, Separate Meters
- Cooling
- Central Air, Wall/Window Unit(s)
Building4 property facts
- Style
- Multi Family
- Year built
- 1976
- Parking
- 16
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.77 acres
- Water
- Public
- Sewer
- Septic Tank
- Zoning
- RM (city)
Financial2 property facts
- Annual taxes
- $16,474
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,350,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$8,199 / monthAdjust
- Principal & interest
- $6,826
- Property tax
- $1,373
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $16,474. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 3883 Park Lane
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