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Plaza Apartments Sale Nets $9.5M

PALM SPRINGS, CA-Located at 2300-2490 Tahquitz Canyon Way, the 155-unit complex features two pools and a clubhouse. Its sale is the latest sign of the rising value of multifamily product here.

By Erin Cassin | Updated on July 31, 2002

PALM SPRINGS, CA-Steadfast Properties of Newport Beach has sold a Palm Springs apartment complex to a Chicago-based syndicator for $9.5 million, the latest sign of multifamily product’s rising value in the Inland Empire.

The 155-unit property, known as Plaza Apartments, is located at 2300-2490 Tahquitz Canyon Way. It features all the “standard amenities,” including a clubhouse and two pools, according to Cray Carlson of Marcus & Millichap Real Estate Investment Brokerage Co.

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