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45900-45924 Highway 74 4 Unit Apartment Building $2,790,000 ($697,500/Unit) 3.77% Cap Rate Palm Desert, CA 92260
Investment Highlights
- Charming 4 Single Family Rental assets is superb location in Palm Desert area, just off the famous El Paseo shopping district.
- An ideal value added opportunity. The new owner can sell the homes individually at future fair market value.
- Current rent estimated 25% below market rates. A huge upside potential.
- Relatively newer construction. Great investment–especially for landlords looking to avoid the ongoing maintenance and repairs
Executive Summary
Prime investment opportunity. 4 single family rental assets located in superb location in Palm Desert, just off the famous El Paseo Drive shopping district. Each unit has their individual assessor parcel number, 2 car attached garage and well designed courtyard with its built in spa. With the current rent estimated 25% below market rate, this investment offering an upside potential. The subject property located within the 6 units, well-kept, Serenity community. Built in 2007, this is a great investment, specially for landlord looking to avoid the ongoing maintenance and repairs.
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 | $2,790,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $697,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 3.77% | Building Size | 7,750 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Zoning | R318M - Residential | ||
| Price | $2,790,000 |
| Price Per Unit | $697,500 |
| Sale Type | Investment |
| Cap Rate | 3.77% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 7,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2007 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | R318M - Residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 4 | - | - |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $1,720,287 | |
| Land Assessment | $437,452 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,282,835 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$437,452
Improvements Assessment
$1,282,835
Total Assessment
$1,720,287
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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45900-45924 Highway 74
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