723 E Cottonwood Road

Palm Springs, CA 92262

About this property

Reimagined Mid-Century Fourplex. A distinctive Palm Springs take on multifamily living, this extensively renovated four-unit property was thoughtfully reimagined in 2021 as a boutique mid-century apartment community, with all four units are occupied by long-term tenants, offering immediate rental income and a compelling opportunity for an investor.The renovation was extensive:stucco was repaired and repainted, while new windows and doors enhance appearances and energy efficiency. Units 2 and 3 received thoughtfully reconfigured kitchens that open to the living spaces, accented by breeze block, integrated workspaces, and custom shelving, with all 4 units getting refreshed.At the heart of the property, the pool courtyard was completely reimagined with expanded lounge space, colorful shade sails, breeze-block accents, and a custom Marilyn Monroe mural all surrounded by grounds transformed into a lush, resort-like setting.The property's infrastructure and common areas have been equally well cared for. The parking area was patched, resurfaced and restriped; a new mailbox cluster reinforces the mid-century aesthetic; and the foam roof was recoated in 2026. Translucent milk-glass entry gates replaced the original see-through metal gates, adding privacy, security and a sophisticated architectural detail.Unit 4 offers an especially compelling owner-user opportunity. The living area was substantially redesigned to capture the pool and courtyard views, with the kitchen relocated to the north wall and two new sliding glass doors creating a stronger indoor-outdoor connection. A new clerestory window brings morning light into the primary bedroom. The private courtyard was opened to the sky, with new patterned concrete paving, colorful shade sails and breeze-block detailing. A separate stackable washer/dryer, outdoor shower with mosaic tile and new tankless water heater complete the upgrades.Unit 1 remains attractively positioned below market, providing an additional value-add opportunity for a future owner or investor.With its combination of Palm Springs architectural character, resort-style outdoor living, extensive capital improvements, long-term tenancy and owner-user potential, this is a rare opportunity to own a small boutique multifamily property that feels more like a private desert retreat than a traditional fourplex. Fee simple (you own the land).

About this property

Reimagined Mid-Century Fourplex. A distinctive Palm Springs take on multifamily living, this extensively renovated four-unit property was thoughtfully reimagined in 2021 as a boutique mid-century apartment community, with all four units are occupied by long-term tenants, offering immediate rental income and a compelling opportunity for an investor.The renovation was extensive:stucco was repaired and repainted, while new windows and doors enhance appearances and energy efficiency. Units 2 and 3 received thoughtfully reconfigured kitchens that open to the living spaces, accented by breeze block, integrated workspaces, and custom shelving, with all 4 units getting refreshed.At the heart of the property, the pool courtyard was completely reimagined with expanded lounge space, colorful shade sails, breeze-block accents, and a custom Marilyn Monroe mural all surrounded by grounds transformed into a lush, resort-like setting.The property's infrastructure and common areas have been equally well cared for. The parking area was patched, resurfaced and restriped; a new mailbox cluster reinforces the mid-century aesthetic; and the foam roof was recoated in 2026. Translucent milk-glass entry gates replaced the original see-through metal gates, adding privacy, security and a sophisticated architectural detail.Unit 4 offers an especially compelling owner-user opportunity. The living area was substantially redesigned to capture the pool and courtyard views, with the kitchen relocated to the north wall and two new sliding glass doors creating a stronger indoor-outdoor connection. A new clerestory window brings morning light into the primary bedroom. The private courtyard was opened to the sky, with new patterned concrete paving, colorful shade sails and breeze-block detailing. A separate stackable washer/dryer, outdoor shower with mosaic tile and new tankless water heater complete the upgrades.Unit 1 remains attractively positioned below market, providing an additional value-add opportunity for a future owner or investor.With its combination of Palm Springs architectural character, resort-style outdoor living, extensive capital improvements, long-term tenancy and owner-user potential, this is a rare opportunity to own a small boutique multifamily property that feels more like a private desert retreat than a traditional fourplex. Fee simple (you own the land).

Features and Additional Information

Schedule a Tour
It's free and no obligation

Schedule a Private Showing

$1,469,000 Active
0 sqft

Presented By Benjamin Leaskou

Agent Image
Get in touch today! Phone: 1-760-799-4290
License #01754516
Brokerage
Realty Trust
1-760-327-8000
Curious to find out what your home is worth?
Get My Home's Worth arrow_forward

Area Information

332 Central Palm Springs | Riverside County | El Mirador

$ 1,469,000
This listing is play_arrow 320.4% higher than the average in the area
$ 349,450 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
10 days on site
This listing is play_arrow 91.0% below the average in the area
111 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
  • turned_in
    Middle School
  • turned_in
    High School
Listed By Luca Volpe
Brokerage: Realty Trust

Schedule a Private Showing

It's free and no obligation

Have Questions? Contact
Benjamin Leaskou

By submitting, you agree to receive promotional texts and/or calls from Desert Lifestyle Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.