18
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$915,000
Est. payment /mo
3,200 SqFt
New
11771 upland way Desert Hot Springs, CA 92240
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Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $285
MLS Listing ID 260011149
Property Sub-Type Com-Res Income
Property Description
Immediate 9.4% Cap Rate on a stabilized, high-cash-flow asset in the Desert Hot Springs opportunity zone. Extensively remodeled in 2024, this 7-unit multi-family property offers a rare combination of modern aesthetics and mechanical efficiency. The property features 7 individual electric meters, a critical operational advantage in the desert that shifts the highest utility burden—air conditioning—directly to the tenants. The 2024 renovation included updated systems, new finishes, and a private gated perimeter, ensuring zero deferred maintenance for the incoming investor. Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates. Investment Highlights: Superior Yield: Stabilized 9.46% Cap Rate with a 19-21% expense ratio. Major 2024 Renovation: Turnkey asset with new systems and finishes. Operational Efficiency: 7 individual electric meters significantly reduce owner-paid utilities. Gated Perimeter: Enhances security and curb appeal for high-quality tenant retention. Marketing Flyer Framework The Property: 11771 Upland Way Price: $915,000 Units: 7 Status: Fully Remodeled 2024 Net Income: $86,601 Why Invest Here? Most investors in the Coachella Valley struggle with high utility costs and aging infrastructure. This property solves both. With a 2024 remodel and individual metering, your overhead is locked in while your income is protected by the high demand for modern rentals in the 92240 zip code.
Location
State CA
County Riverside
Interior
Cooling Heat Pump
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 639322016
Listed by Joe Corbisiero, DRE#01886351 Compass
NEARBY SCHOOL & BUSINESS
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