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$1,799,000

Est. payment - /mo

8,712 Sqft Lot

New

44440 Acacia Drive Palm Desert, CA 92260

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26009608

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1966

Lot Size 8,712 Sqft

Property Sub-Type Triplex

Property Description

44408 & 44440 Acacia Drive in Palm Desert presents a rare opportunity to acquire two adjacent triplex buildings sold together as one cohesive six-unit investment. Each building features three units, with a shared pool area, shared on-site laundry, and ample parking, creating an efficient, easy-to-manage multifamily layout. If you're looking for a clean, low-maintenance asset in a strong rental market, this is the kind of opportunity that doesn't come along often. What sets this property apart is the scope of work already completed, coupled with a fully updated rent roll that reflects current market conditions.. Nearly every major system and surface has been thoughtfully updated, removing the capital expense uncertainty that often comes with small multifamily. The property features a new roof with full tear-off, fresh underlayment, sealed vents, and new shingles. All six units have been extensively renovated with new cabinetry, countertops, updated kitchens and baths, new flooring and baseboards, fresh interior paint, updated doors, hardware, lighting, fans, fixtures, and new appliances. Tankless water heaters have been installed for modern efficiency and long-term reliability. The exterior has been refreshed with patched and painted surfaces, cleaned soffits, improved curb appeal, upgraded drought-friendly landscaping, rebuilt private patio fencing and gates, renovated storage closets, keyless entry, and enhanced pool and patio areas with new furniture and amenities. Each unit offers a well-designed two-bedroom, one-bath layout that consistently performs in the Palm Desert rental market. All legacy tenants have been removed, and the property is now leased at market rents, allowing a new owner to step directly into stabilized income without the need for repositioning. The location further strengthens the investment, situated near College of the Desert, shopping, dining, golf, and major thoroughfares, creating strong tenant demand and long-term retention. Priced significantly below recent appraised value, this offering is ideal for 1031 exchange buyers, portfolio investors seeking stabilized income, or private investors who want a modernized asset without renovation risk. This is not a “someday” value-add project. The work is done. You're not buying a project, you're buying stability, thoughtful execution, and an income-producing asset built to perform in a market where quality small multifamily inventory is increasingly difficult to replace.

Location

State CA

County Riverside

Area 322 - North Palm Desert

Interior

Interior Features All Bedrooms Down

Heating Forced Air

Cooling Central Air

Flooring Laminate, Wood

Fireplaces Type See Remarks

Fireplace Yes

Appliance Dishwasher, Gas Range, Microwave

Laundry Common Area

Exterior

Fence New Condition

Pool Community

Community Features Curbs, Street Lights, Suburban, Sidewalks, Pool

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Composition

Accessibility No Stairs

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern, See Remarks

Level or Stories One

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 640134004

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange, VA Loan

Listing Terms Cash to New Loan, Conventional, 1031 Exchange, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.youtube.com/watch?v=oqpIEDKPjd0

Lease Land No

Listed by Nicole Cinquini Douglas Elliman of California 949-633-0006

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44440 Acacia Drive Palm Desert, CA 92260

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44440 Acacia Drive