44440 Acacia Dr

Palm Desert, CA 92260
  • $1,799,000

    Price
  • 12

    Bed
  • 6

    Bath
  • 5,040

    SqFt

About the Listing OC05850 - SCINQNIC,OCGRILBRI

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 completed, 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.

Listing Highlights

Status Active
Days on Site 17
Property Type Multi-Family
MLS ® OC26009608
Year Built 1966
Total Square Footage 5,040
Lot/Acreage 0.2

Interior Details

  • Bedrooms: 12
  • Bathrooms: 6 Full
  • Appliances: Dishwasher, Gas Range, Microwave
  • Air Cond: Central Air
  • Heating: Forced Air
  • Fireplaces: See Remarks
  • Floor: Laminate,Wood
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other: All Bedrooms Down
  • Water: Public

Exterior Details

  • Lot Description: 0-1 Unit/Acre,No Land Lease
  • Garage Capacity: N/A
  • Parking Spaces: 12
  • Roof: Composition
  • Others: Updated/Remodeled,Turnkey,Stucco,2+ Total Units
  • Sewer: Public Sewer

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 640134004
  • Tax Year: N/A

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Questions About..

44440 Acacia Dr Palm Desert, CA 92260

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Originating MLS: CRMLS

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way