200 E Francis DR Palm Springs, CA 92262

The Towers is a high quality 20-unit property located in the heart of Palm Springs, California. Built in 2007 to a very high standard, the property has been impeccably maintained. These steel frame buildings are top tier in build quality, design, and location. Easily rented to tenants looking for an upscale contemporary home. The Towers was originally planned as a high end enclave of condominiums for the local professional and Los Angeles second home buyer market. When the recession hit, the sales program was terminated and the units were rented out. A condo map is, however, filed and there is an operating HOA. The opportunity exists today to launch a condo sales program. In addition to the existing 20 units, this sale also includes an adjacent undeveloped lot measuring 24,896 square feet that can serve as the site for 10 more units. The undeveloped lot is shovel ready and the existing condominium map already includes these additional units. Build out these final 10 units to increase operating income or sell them individually as condos.