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Clearview Apartments 13700 Quinta Way 8 Unit Apartment Building $1,760,000 ($220,000/Unit) 3.65% Cap Rate Desert Hot Springs, CA 92240
Investment Highlights
- Low density residential neighborhood
- 100% occupied
- Units have private yards
Executive Summary
Great low maintenance investment property 100% occupied in a desirable residential neighborhood. Ample off street parking with three covered spaces. All units have private yards.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,036
|
$26.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,036
|
$26.57
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$58,778
|
$12.69
|
| Net Operating Income |
$64,258
|
$13.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $123,036 |
| Annual Per SF | $26.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,036 |
| Annual Per SF | $26.57 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $58,778 |
| Annual Per SF | $12.69 |
| Net Operating Income | |
|---|---|
| Annual | $64,258 |
| Annual Per SF | $13.88 |
Property Facts
| Price | $1,760,000 | Apartment Style | Low-Rise |
| Price Per Unit | $220,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 3.65% | Building Size | 4,631 SF |
| Gross Rent Multiplier | 14.3 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | RL - Residential Low density neighborhood | ||
| Price | $1,760,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 3.65% |
| Gross Rent Multiplier | 14.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 4,631 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1987 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | RL - Residential Low density neighborhood |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 560 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $312,188 | |
| Land Assessment | $166,534 | Total Assessment | $478,722 |
Property Taxes
Parcel Numbers
Land Assessment
$166,534
Improvements Assessment
$312,188
Total Assessment
$478,722
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Clearview Apartments | 13700 Quinta Way