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Closed
- Listed price
- $990,000
- Listed Mar 20, 2014
- Sold price
- $990,000
- Sold Jun 21, 2014
21,780 sqft lot|1960 Built|2 MLS days on market
1711 E Amado Rd, Palm Springs, CA 92262
Property Description
This apartment is a high pride of ownership gem, offering beautiful desirable apartment living inside & out. Very spacious, extra large units that include tile floors, stainless steel appliances, breakfast bar, large living & bedrooms, and private patios that are like a backyard. Tenants truly enjoy the large swimming pool along with the pool area BBQ & patio. Half the spaces are rented well below market (see unit mix below) leaving room to add tremendous value. At current actual rents, this property boasts a sub-9 GRM and a cap rate just under 7%. These returns are unheard of in the current market place, making this the best apartment buy in Southern California. This is the best apartment location one can find in Palm Springs. Located downtown, just minutes away from the strip, convention center, shopping, airport, and casino. The historical at or near 100% occupancy attests for the tenants wanting to be in this first class apartment at this coveted fine location. If you purchase this offering, you're buying a trophy property at a wholesale price!!
Listing agent: Tony BurtonDRE #01014173burtonccim@yahoo.com, Listing office: Burton Commercial, Inc.
MLS data updated 10/26/2026, 7:31:34 PM PT
Source: CRMLSMLS #: SW14057070
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$990,000
Jun 21, 2014
Available records22014
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92262 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92262 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.