Log In/Sign Up
Your email has been sent.
11771 Upland Way 7 Unit Apartment Building $890,000 ($127,143/Unit) 9.77% Cap Rate Desert Hot Springs, CA 92240
Investment Highlights
- 9.4% Cap Rate – Turnkey 7-Unit Compound | 2024 Full Remodel
- Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates.
- The property features 7 individual electric meters, a critical operational advantage
Executive Summary
10.0% 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. Mini Splits everywhere and new LVP installed
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
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. Mini Splits everywhere and new LVP installed
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
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $890,000 | Building Class | C |
| Price Per Unit | $127,143 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 3,200 SF |
| Cap Rate | 9.77% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.35 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1966/2024 |
| Property Type | Multifamily | Parking Ratio | 3.13/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | TR, Desert Hot Spgs | ||
| Price | $890,000 |
| Price Per Unit | $127,143 |
| Sale Type | Investment |
| Cap Rate | 9.77% |
| Gross Rent Multiplier | 8.35 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2024 |
| Parking Ratio | 3.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | TR, Desert Hot Spgs |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Refrigerator
- Range
- Yard
- Deck
- Double Pane Windows
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Picnic Area
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,100 | 350 - 400 |
| 1+1 | 1 | $1,330 | 400 |
| 2+1 | 2 | $1,750 | 700 - 720 |
1 1
Somewhat walkable
30/100
Moderately drivable
70/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 639-322-016 | Total Assessment | $616,428 |
| Land Assessment | $72,828 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $543,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
639-322-016
Land Assessment
$72,828
Improvements Assessment
$543,600
Total Assessment
$616,428
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
11771 Upland Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.