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44440 Acacia

$1,799,000
44440 Acacia Drive, Palm Desert, CA 92260
44440 Acacia

44440 Acacia

$1,799,000

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.
NICOLE CINQUINI
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Features & Amenities

Interior

Laundry Room Common Area
Flooring Laminate, Wood
Fireplace See Remarks
Appliances Dishwasher, Gas Range, Microwave
Other Interior Features All Bedrooms Down

Exterior

Stories 1
Water Source Public
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
POOL Community
ROOF Composition
Lot Features 0-1 Unit/Acre
Heat type Forced Air
Air Conditioning Central Air
Sewer Public Sewer
Substructure Slab
Disability Features No Stairs
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)

Area & Lot

Status For Sale
LIVING SPACE 5,040 Sq.Ft.
TOTAL AREA 5,040 Sq.Ft.
LOT SIZE 8,712 Sq.Ft.
MLS® ID OC26009608
Type Multi-Family
Year Built 1966
Architecture Styles Mid-Century Modern, See Remarks
View Description Mountain(s)

Financial

SALES PRICE $1,799,000
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Work With Nicole

When you work with Nicole, rapport and trust come easily much like that of a longtime friend; yet, when engaged in the art of a deal, you are quickly reminded of the knowledgeable, perceptive, and smart professional before you.

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