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Capri Apartments 66229 8th St 6 Unit Apartment Building $795,000 ($132,500/Unit) 7.10% Cap Rate Desert Hot Springs, CA 92240
INVESTMENT HIGHLIGHTS
- Great Corner Visible Location
- Solar on Site with Newer Roof
- Ample Parking with Large
- Clean Turn Key Property
- Stable with Great Income
- Patios for Two Units
EXECUTIVE SUMMARY
$54,000 PRICE REDUCTION. Clean, stable, located on a visible corner with a five years new roof & solar panels. Clean property with open parking and turn key stable operation. Two buildings with two units on water heater and four units on a tankless water heater. Great unit mix with two enclosed patios. Priced to sell in a high demand quiet part of the city. With high rents and low in place expenses, its a great hands off investments for any entry level or seasoned investor.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $132,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 7.10% | Building Size | 2,364 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 6 | Year Built | 1965 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R-L - Mutli units 5-10U Riverside County | ||
| Price | $795,000 |
| Price Per Unit | $132,500 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 2,364 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | R-L - Mutli units 5-10U Riverside County |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Patio
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,100 | 314 |
| 1+1 | 3 | $1,150 | 375 - 1,125 |
| 2+1 | 2 | $1,700 | 463 - 925 |
1 1
PROPERTY TAXES
| Parcel Number | 639-181-025 | Total Assessment | $481,200 (2025) |
| Land Assessment | $164,045 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $317,155 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
639-181-025
Land Assessment
$164,045 (2025)
Improvements Assessment
$317,155 (2025)
Total Assessment
$481,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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VIDEOS
MATTERPORT 3D EXTERIOR
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STREET VIEW
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Presented by
HT VENTURES, INC, Raja Realty
Capri Apartments | 66229 8th St
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