44630 Monterey AvePalm Desert, CA 92260

Property Details for 44630 Monterey Ave

Year built

2007

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

6,211 SF

Property type

Office properties

Property subtype

Office buildings

APN

627-061-055

APU

627061055

Description

This exceptional two-story Class B office building, totaling 6,211 square feet, is situated on a 17,400 square foot lot in the highly desirable Palm Desert, California. Built in 2008, the property boasts a prime location on Monterey Avenue, just north of the 111 Freeway, ensuring high visibility and strong traffic counts (21,689 cars daily on Monterey Ave and 31,266 on the 111 Freeway). Its proximity to Westfield Mall further enhances its appeal. The building offers approximately 3,442 square feet on the ground floor and 2,686 square feet on the upper floor, complemented by an 843 square foot balcony. Ample parking is provided with 25 spaces. The property is zoned C1 and features a desirable layout suitable for owner-occupancy or multi-tenant investment. The surrounding area is characterized by a mix of retail businesses, with healthcare and social assistance services also prevalent. Population growth within a 1, 3, and 5-mile radius is projected at 6.37%, 4.92%, and 5.55% respectively, reflecting a strong and growing market. The 5-mile radius boasts a 2020 average household income of $106,296. This presents a unique opportunity for investors and businesses seeking a prominent presence in a thriving community. The property is subject to short sale approval from the lender. APN: 627-061-055.

• CAP approach

  CAP return

  Valuation

  6%

  $1,707,034

  6.5%

  $1,575,724

  7%

  $1,463,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,089,549

  Geo Method

  $2,186,086

• Alternative Use

  Use

  Valuation

  Residential

  $1,953,897

  Hospitality

  $1,789,760

  Educational

  $1,489,059

  Medical

  $1,540,270

  Retail

  $2,316,314

Location Insight

City

Palm Desert

County

Riverside

State

California

Latitude

33.7241

Longitude

-116.391

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].