200 East Francis Drive, Palm Springs, CA 92262

$5,950,000 Approx. USD 0 beds, 0 baths
33,000 sqft

Agent Remarks

The Towers is a high quality 20-unit property located in the heart of Palm Springs, California. Built in 2007 to a very high standard, the property has been impeccably maintained. These steel frame buildings are top tier in build quality, design, and location. Easily rented to tenants looking for an upscale contemporary home. The Towers was originally planned as a high end enclave of condominiums for the local professional and Los Angeles second home buyer market. When the recession hit, the sales program was terminated and the units were rented out. A condo map is, however, filed and there is an operating HOA. The opportunity exists today to launch a condo sales program. In addition to the existing 20 units, this sale also includes an adjacent undeveloped lot measuring 24,896 square feet that can serve as the site for 10 more units. The undeveloped lot is shovel ready and the existing condominium map already includes these additional units. Build out these final 10 units to increase operating income or sell them individually as condos.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# CV16183169
List price is $5,950,000
Beds: 0
Baths: 0
Built in 2007
33,000 sqft
2 stories
2.12 acres
Lot size: 92347.000
County: Riverside
MLS area: 699 - Not Defined

Last Updated: 10/13/2016

 Find more Palm Springs homes and real estate

 Find more homes in 92262 zip code

This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.855780, -116.544826.
Find nearby listings

Broker: Courtesy of MARCUS & MILLICHAP

Area Map

Nearby Schools

Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

Similar Listings