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1900 E Baristo Rd 7 Unit Apartment Building $1,300,000 ($185,714/Unit) 5.58% Cap Rate Palm Springs, CA 92262
Investment Highlights
- Ideally Situated on a Large +- 11,761 SF Corner Lot
- Across from Palm Springs High School and Minutes to Downtown & Airport
- Amenities Include Pool, On-Site Laundry Room & Two Units with In-Unit Washer/Dryer Hook-Ups
- Located in the Sunrise Park Submarket
- Diverse Unit Mix: Studio, One=Bedroom & Three Bedroom Units
- Individual Water Heaters and Wall A/C Units
Executive Summary
Marcus & Millichap Real Estate Investment Services is pleased to exclusively present the opportunity to
acquire a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California.
Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located
within the desirable Sunrise Park submarket of Palm Springs. The offering is priced at $1,300,000 and is
currently performing at a 5.58% cap rate.
Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated
on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom
units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces,
a community pool and a shared laundry room serving five units. Units 1 and 6 feature individual in-unit
washer and dryer hookups. Each unit is individually metered for electric (all electric building), individual water heaters and wall A/C unit.
The landlord pays for water, sewer and trash at said property.
Located in the Sunrise Park neighborhood, the property benefits from its proximity to Palm Springs High
School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport.
The surrounding area is characterized by established residential neighborhoods, strong year-round rental
demand, and Palm Springs’ continued appeal as a resort destination and short-term rental market (subject
to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal.
1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing
asset within one of Southern California’s most established resort markets.
Please do not disturb tenants. Interior inspections will be provided upon acceptance of an offer.
acquire a 7-unit multifamily investment property located at 1900 E Baristo Road in Palm Springs, California.
Situated on a corner lot at the intersection of Baristo Road and S. Saturmino Drive, the property is located
within the desirable Sunrise Park submarket of Palm Springs. The offering is priced at $1,300,000 and is
currently performing at a 5.58% cap rate.
Built in 1970, the property consists of approximately 5,231 square feet of rentable building area situated
on a 11,761 square foot R-2 zoned lot. The unit mix includes one studio, five one-bedroom / one-bathroom
units, and one three-bedroom / two-and-a-half-bathroom unit. The property offers 7 open parking spaces,
a community pool and a shared laundry room serving five units. Units 1 and 6 feature individual in-unit
washer and dryer hookups. Each unit is individually metered for electric (all electric building), individual water heaters and wall A/C unit.
The landlord pays for water, sewer and trash at said property.
Located in the Sunrise Park neighborhood, the property benefits from its proximity to Palm Springs High
School, the public library, downtown Palm Springs retail and Dining, and Palm Springs International Airport.
The surrounding area is characterized by established residential neighborhoods, strong year-round rental
demand, and Palm Springs’ continued appeal as a resort destination and short-term rental market (subject
to local regulations). The corner lot positioning provides added visibility, access, and overall curb appeal.
1900 E Baristo Road presents investors with the opportunity to acquire a well-located, income-producing
asset within one of Southern California’s most established resort markets.
Please do not disturb tenants. Interior inspections will be provided upon acceptance of an offer.
Property Facts
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $185,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.58% | Building Size | 5,231 SF |
| Gross Rent Multiplier | 10.73 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Zoning | R2 | ||
| Price | $1,300,000 |
| Price Per Unit | $185,714 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 10.73 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,231 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R2 |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
- Pool
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 381 |
| 1+1 | 5 | - | 734 |
| 3+2.5 | 1 | - | 1,511 |
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 502-182-004 | Improvements Assessment | $865,945 |
| Land Assessment | $216,485 | Total Assessment | $1,082,430 |
Property Taxes
Parcel Number
502-182-004
Land Assessment
$216,485
Improvements Assessment
$865,945
Total Assessment
$1,082,430
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1900 E Baristo Rd
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