46130 Ocotillo Dr, Palm Desert, CA 92260

Property Description

Major Price Correction! Large, Contemporary Triplex or Family Compound located an easy walk to El Paseo in south Palm Desert. This 5,500+ square foot triplex, located on one of the nicest streets in Palm Desert, is for sale for the first time. Family built in 1986, all 3 units are 2-bedroom/1.75-bath units, fairly identical in size & layout, complete with 3 attached double car garages and a shared pool & spa. One unit is used by the owner as a vacation home, however it should easily rent for $1,600 a month. The other two units are rented to long term tenants. Both are on month-to-month leases. Rents are $1,450 & $1,500. This would make a lovely family compound, as it was originally built, be an excellent owner occupy property where an owner could offset expenses & enjoy a desert vacation home, or, of course would make a great investment triplex property involving real pride of ownership. This lovely property has been well maintained, moderately upgraded & improved over the years