Log In/Sign Up
Your email has been sent.
68040 Club Circle Dr 3 Unit Apartment Building $560,000 ($186,667/Unit) 8.79% Cap Rate Desert Hot Springs, CA 92240
Investment Highlights
- ProForma CAP Rate of 9.92% With a ProForma GRM of 6.97. Current CAP Rate of 8.79%.
- New exterior painting, consistently maintained plumbing systems, minimizing capital expenditures and enhancing operational reliability.
- The property features an attractive unit mix consisting of two (2) one-bedroom / one-bathroom units and one (1) two-bedroom / one-bathroom unit.
- Area offers quick connectivity to Hwy 62 & Interstate 10, granting direct routes to Joshua Tree National Park, Rancho Mirage, and surrounding areas.
Executive Summary
68040 Club Circle Dr presents an opportunity to acquire a three-unit multifamily asset in Desert Hot Springs’ Spa Zone. Built in 1967, the triplex consists of one (1) two-bedroom, one-bath and two (2) one-bedroom, one-bath units, offering a diversified unit mix designed to appeal to a broad tenant base. The property generates in-place rental income and has been marketed as a stabilized investment with a cap rate exceeding 7%, while also providing flexibility for an owner-occupant seeking supplemental rental revenue. Located within a residential neighborhood with convenient access to local services, employment centers, and the greater Coachella Valley, the asset benefits from the area's continued demand for attainable housing. Its manageable three-unit configuration established occupancy profile, and location within a growing desert community position the property as an attractive option for investors seeking current cash flow and long-term value potential.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $560,000 | Apartment Style | Low-Rise |
| Price Per Unit | $186,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 8.79% | Building Size | 1,950 SF |
| Gross Rent Multiplier | 7.81 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | ||
| Zoning | C - Multi-Family | ||
| Price | $560,000 |
| Price Per Unit | $186,667 |
| Sale Type | Investment |
| Cap Rate | 8.79% |
| Gross Rent Multiplier | 7.81 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 1,950 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1967 |
| Zoning | C - Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 500 - 650 |
| 2+1 | 1 | - | 800 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 644-071-014 | Improvements Assessment | $74,737 |
| Land Assessment | $33,203 | Total Assessment | $107,940 |
Property Taxes
Parcel Number
644-071-014
Land Assessment
$33,203
Improvements Assessment
$74,737
Total Assessment
$107,940
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
