44408 Acacia Drive, Palm Desert, CA 92260
Local realty services provided by:ERA Excel Realty
44408 Acacia Drive,Palm Desert, CA 92260
$862,500
- - Beds
- - Baths
- 5,040 sq. ft.
- Multi-family
- Pending
Listed by: brittany grilley, nicole cinquini
Office: douglas elliman of california
MLS#:OC26075889
Source:CRMLS
Price summary
- Price:$862,500
- Price per sq. ft.:$171.13
About this home
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 completes, 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....
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Home facts
- Year built:1966
- Listing ID #:OC26075889
- Added:1 day(s) ago
- Updated:April 09, 2026 at 01:38 AM
Rooms and interior
- Flooring:Laminate, Wood
- Kitchen Description:Dishwasher, Gas Range, Microwave
- Bedroom Description:All Bedrooms Down
- Living area:5,040 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1966
- Building area:5,040 sq. ft.
- Lot area:0.2 Acres
- Architectural Style:Bungalow, Mid Century Modern
- Construction Materials:Stucco
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$862,500
- Price per sq. ft.:$171.13
Features and amenities
- Appliances:Dishwasher, Gas Range, Microwave
- Laundry features:Common Area
- Amenities:Carbon Monoxide Detectors, Smoke Detectors
- Pool features:Community Pool
Parking
- Total parking spaces:12
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