74443 Driftwood Dr Palm Desert, CA 92260
Property details
About 74443 Driftwood Dr
This offering is a rarity. A trophy apartment in the finest area of Palm Desert, the area of El Paseo! And it's just short walking distance from the El Paseo shopping district, grocery, and the Westfield Mall. Palm Desert is the finest area of the Coachella Valley, and the El Paseo district is the finest area of Palm Desert!! This 4Plex consists of four 2 bedrooms, 1 & 1/2 half baths. It further has carport parking, a beautiful pristine pool, and a large pool deck for tenants and guest. The kitchens are upgraded with newer appliances and granite counter tops. This complex further has central heat/air throughout. All tenancies are month to month and can be brought up to market. There's one vacancy and one unit who's currently a handyman/manager who can be brought up to market rents. PLEASE SEE RENT ROLL ATTACHED IN SUPPLEMENTS PACKAGE. Since rents are month to month, please check out the market rents you can get in this fine neighborhood. Nearby market rents per rent comps are $2,300 per month. PLEASE SEE RENT COMPS IN SUPPLEMENTS ATTACHED. At market rents, the complex really performs. It puts out $110,000 in annual gross income, a 9.33 Gross Rent Multiplier, a 9.84% Cap Rate, and a robust 21.95% Cash on Cash Return!! PLEASE SEE THE SUPPLEMENTS ATTACHED FOR DETAILS ON THESE RETURNS!! Seller to pick services. Buyer/Buyer's agent to provide and pay for (email, DocuSign, etc) all TC services for Buyer & Seller, including all disclosures, documents/paperwork, they require for Buyer and Seller to sign. SELLER MAY CARRY!!! PLEASE CALL FOR DETAILS!!!
Highlights
Summary
- MLS Number: SW25054919
- MLS Name: CRMLS
- Office Name: Burton Commercial, Inc.
- Office Phone: (951) 375-7433
- Listing Agent: Tony Burton
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,030,000
74443 Driftwood Dr
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $314,525 | $5,504 |
| 2023 | $308,359 | $5,312 |
| 2022 | $302,314 | $5,129 |
| 2021 | $296,387 | $4,965 |
| 2020 | $293,349 | $4,896 |
| 2018 | $281,960 | $4,757 |
| 2017 | $276,432 | $4,593 |
History based on county public records data.
Nearby schools
7
George Washington Charter School
Public Charter KG-5
0.4 mi
•45768 Portola Ave
6
Lincoln Elementary School
Public District KG-5
1.2 mi
•74100 Rutledge Way
7
James Earl Carter Elementary School
Public District KG-5
2.0 mi
•74251 Hovley Ln E
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,354. The most common annual income of people living in Palm Desert, CA is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hiking/backpacking
Pro Boxing
Continuing Education Courses
Where do the neighbors shop?
Nordstrom Rack
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Chipotle
Popeyes
Qdoba
What do the neighbors drive?
Mazda
Dodge
Volkswagen
What do the neighbors listen to?
Rock
Urban Contemporary
Classical
This home is located at 74443 Driftwood Dr in Palm Desert, CA and zip code 92260. Features: 0 bathroom. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $1,030,000.
In March 2025 more than 2 listings in Palm Desert, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 13 were sold below. Between February and March 2025, Palm Desert, CA real estate market has seen increase in the number of listings by 9.8%. In March 2025 median list price was $578,428 and the average listing age was 86 days.