27700 Avenida Terrazo, Palm Springs, California, United States. - Hero Image
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27700
Avenida Terrazo
Palm Springs | California

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Eric Chen
Eric Chen
Presented At
$1,300,000
Bedrooms
3
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27700 Avenida Terrazo, Palm Springs, California, United States. , Palm Springs , California

Multi Family in Cathedral City

We are proud to present 27700 Avenida Terrazo, a compelling 7-unit multifamily investment opportunity in the highly desirable Coachella Valley market and the thriving city of Cathedral City. This well-located asset sits directly across from the DoubleTree by Hilton Hotel Golf Resort Palm Springs, providing tenants with a premium location and unparalleled convenience to essential retail and lifestyle amenities. Its prime positioning offers quick access to destinations like Starbucks, Stater Bros. Market, Dennys, CVS, and Jack in the Box, all within walking distance. The area also benefits from proximity to acclaimed leisure spots, including Escena Golf Club and Cimarron Golf Resort, and is within a short driving distance of the world-class shopping and luxury retail of the Palm Springs desert, including the famed El Paseo Shopping District (The Rodeo Drive of the Desert) in Palm Desert. 27700 Avenida Terrazo is a one-story, 7-unit multifamily property spanning a generous 19,731 SF lot size with a 4,200 SF building size. It features an excellent unit mix designed for broad appeal: six 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit, averaging a comfortable size of 600 SF each. Built in 1983, the construction is low-maintenance, featuring a Spanish tile roof and low-water-use desert landscaping with decorative rock features and mature palm trees. Further enhancing the investment profile, the property offers a highly desirable amenity set including fully equipped kitchens with Stainless Steel appliances and modern backsplashes, alongside upgraded bathrooms and kitchens (in select units). Residential comfort is provided through tile flooring for easy maintenance, in-unit features such as ceiling fans and vertical blinds, and wall air and heating. Each unit benefits from an individual private porch, and the property provides tenants with a convenience package featuring an on-site laundry facility, decorative security screen doors, and a plethora of on-site surface parking. This stable, well-maintained unit base provides immediate income stability and is an attractive offering for residents seeking quality housing in a convenient, well-established location. The property offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

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Map showing 27700 Avenida Terrazo, Palm Springs, California, United States.

Property Location

27700 Avenida Terrazo, Palm Springs, California, United States., Palm Springs California

Local Weather & Climate

Palm Springs, California

Current Conditions Updated recently
67 °F
Few clouds
Feels Like 64°F
Humidity 19%
Wind 5 mph
Visibility 6.2 mi
Sunrise 2:06 PM
Sunset 1:47 AM
5-Day Forecast
Sun 8 Mar
Clear
High 80°
Low 57°
Mon 9 Mar
Clear
High 81°
Low 59°
Tue 10 Mar
Clouds
High 75°
Low 60°
Wed 11 Mar
Clouds
High 80°
Low 63°
Thu 12 Mar
Clear
High 87°
Low 71°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Palm Springs?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

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Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Frequently Asked Questions

Common questions about this property

This apartment at 27700 Avenida Terrazo, Palm Springs, California, United States features 3 bedrooms.
This property is listed at $130,000,000.
This is a apartment located in Palm Springs, California. The property is situated in an established neighborhood with convenient access to local amenities and services.
Eric Chen

Eric Chen

CB RICHARD ELLIS

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CB RICHARD ELLIS

CB RICHARD ELLIS

CB RICHARD ELLIS

License #46000050142

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