$ 890,000
-
$890,000
Price -
0
Bed -
0
Bath -
0
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing SAND-991248 - SAND-663789
11.0% Cap Rate | 7 Units | Fully Remodeled 2023 | Seller Motivated — Priced to Sell Don't let this one sit on your screen. This 7-unit income property in Desert Hot Springs delivers an 11.0% cap rate at the asking price of $890,000 — and it's already performing. Gross annual rents at full occupancy exceed $122,000, with a net operating income of $98,244 based on current actuals. Unit mix: 4 studios, 1 one-bedroom/one-bath, 2 two-bedroom/one-bath units, plus 1 fully detached unit. Entire property was fully remodeled in 2024 — new everything. Low deferred maintenance, gated private lot on 0.34 acres, driveway parking. Wall furnace heat, wall/window A/C, tile flooring throughout. Priced $41,000 below the Zillow Zestimate of $931,100. At $127,143 per door, this is well below replacement cost for new construction. Cash or 1031 exchange only — ideal as a replacement property for sellers coming out of a larger asset. Seller is motivated and wants a clean, fast close. Bring your buyers. The numbers speak for themselves. Contact Joe Corbisiero | Compass | DRE #01886351 | (760) 201-9252
Listing Highlights
Status
Active
Days on Site
5
Property Type
Commercial Sale
MLS ®
260011149SD
Year Built
Total Square Footage
0
Lot/Acreage
N/A
County
Riverside
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: Drywall,Stucco,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 639322016
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
11771 Upland Way Desert Hot Springs, CA 92240
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.
Listing Courtesy of -
