We are proud to present an exceptional opportunity to acquire the Monta Vista Townhomes, a meticulously well kept 24-Unit multifamily property situated between Country Club Drive and Washington Street on 40235 Harris Lane in the city of Palm Desert. With each unit having its own individual parcel number, this property has ±24,360 of rentable SF and is situated on a generous ±143,312 SF lot. Property is eligible for short term rental permits and is located in the R-3 Zone. Palm Desert boasts sunshine most of the year creating consistent demand for rentals due to the steady influx of residents. 40235 Harris Lane offers a central location with convenient access to public transportation and the 10 Freeway, in addition to a variety of retail centers, high-end restaurants, shops and resorts catering to diverse needs and providing excellent entertainment options for residents. The desirable Monta Vista Townhomes feature large, open-style floor plans with upgraded fully equipped kitchens with stainless steel appliances, modern fixtures, vertical blinds, central AC/heating, washer and dryer hook-ups, private patios and a combination of stylish plank wood and carpet flooring throughout. The property boasts a combination of desert and lush landscaping with lovely mountain views, covered carport parking, laundry facilities, private dog park, tennis court and a luxury resort style pool and spa. The Monta Vista Townhomes is a stable income-producing asset in the Coachella Valley, promising a strong return on investment. Whether you’re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Property Details
Property Features
Property Information:
Year Built: 1981
Stories: 2
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 3.29 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Merge onto I-10 E, Exit Washington St, Use the right lane to turn right onto Washington St, Turn right onto Harris Ln
Price Information
Listing Price Info
Price Summary:
List Price: $6,000,000
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Housing Market Comparison
See how this home compares to others in Palm Desert, CA.
This property is $5.4M more than the Median Sold Price in Palm Desert, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #CV24155855
Listing Office:
Office Name: CB RICHARD ELLIS
Office Phone: (626) 757-5717
Listing Agent: ERIC CHEN
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: 12/11/2024, 10:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Ronald Reagan Elementary School
39800 Liberty Dr
Distance between this listing and this school0.64 miles
Public District Grades KG-5
6
/10
James Monroe Elementary School
42100 Yucca Ln
Distance between this listing and this school0.98 miles
Public District Grades KG-5
6
/10
Gerald R. Ford Elementary School
44210 Warner Trl
Distance between this listing and this school1.97 miles
Public District Grades KG-5
Nearby Schools
4
/10
Colonel Mitchell Paige Middle School
43495 Palm Royale Dr
Distance between this listing and this school1.57 miles
Public District Grades 6-8
3
/10
Desert Ridge Academy
79767 Avenue 39
Distance between this listing and this school1.87 miles
Public District Grades 6-8
5
/10
John Glenn Middle School of International Studies
79655 Miles Ave
Distance between this listing and this school2.95 miles
Public District Grades 6-8
Nearby Schools
2
/10
Summit High (Continuation)
43330 Palm Royale Dr
Distance between this listing and this school1.67 miles
Public District Grades 10-12
5
/10
Shadow Hills High School
39225 Jefferson St
Distance between this listing and this school2.07 miles
Public District Grades 9-12
7
/10
La Quinta High School
79255 Blackhawk Way
Distance between this listing and this school3.16 miles
The neighbors living near this home have an average income of $82,438. Typical income of Palm Desert, CA residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 40235 Harris Ln
What is the listing price of this property?
The listing price of 40235 Harris Ln property is $6,000,000.
What type of property is this?
The property 40235 Harris Ln is a condo located in Palm Desert, California, 92211.
Is this property for sale now?
Active Listing: 40235 Harris Ln is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 40235 Harris Ln is 1981.
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This home is located at 40235 Harris Ln in Palm Desert, CA and zip code 92211. This home, which was built in 1981, sits on a 3.29 acre lot. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $6,000,000.
In November 2024, from all listings sold in Palm Desert, CA there were more than 15 sold above asking price, over 66 sold below and more than 21 were sold right at the asked price. The inventory of homes for sale in Palm Desert, CA between October 2024 and November 2024 increased by 15.3%. The median list price of listings available in November 2024 was $580,163, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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