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Palm Desert, CA

$1,475,000

42995 Park, Palm Desert, CA
1989
Built
2
Days listed

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.

Facts & features

Interior
Interior features
All Bedrooms Down
Fireplace
Living Room
Heating
None
Cooling
Central Air
Laundry
Inside
Levels
One
Exterior & lot
Lot size
0.35 acres (15,246 sq ft)
Pool
Fenced, Association
View
Mountains
Year built
1989
Parking
Covered
Parking spaces
12
Community
Area
323 - South Palm Desert
County
Riverside
Community features
Park
HOA fee
$980/mo
Listing details
Status
Active
Property type
Quadruplex
Days on market
2
Listed
2026-07-10
Terms
Submit
Parcel #
624330001
MLS #
IV26151955
Listed by
FREDERICK PARKER · KIMBERLY RANGELL, BROKER

Location

Price history

Listed
$1,475,000 · 2026-07-10
Days on market
2
Current price
$1,475,000
Financing

Could this home be yours?

Estimated monthly payment
$9,253
$7,458 principal & interest · $1,795 taxes & insurance
$295,000
Estimate only
Loan $1,180,000

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Listing data provided by CRMLS

Listing courtesy of KIMBERLY RANGELL, BROKER. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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