11583 Cactus Dr - Apartments FOR SALE


Desert Hot Springs, CA 92240
$574,850 USD
760-534-2584
11583 Cactus Dr, Desert Hot Springs, CA for Sale
$574,850 USD
Apartments - FOR SALE
1/5
null | 6.45% Cap Rate

11583 Cactus Dr
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • Paid for Solar System
  • Great Unit mix
  • Live in and Rent Opportunity

OVERVIEW

Price improved to $574,850. This is a rare opportunity to acquire a fully occupied, income-producing triplex with significant upside potential through future rent increases and the implementation of RUBS for utility reimbursement. Ideally located on the corner of Cactus Drive and 3rd Street—just blocks from downtown Desert Hot Springs—the property features a desirable unit mix: a three-bedroom, two-bath; a two-bedroom, one-bath; and a one-bedroom, one-bath. Each unit offers tile flooring, low-maintenance desert landscaping, and the added benefit of an owned solar system that currently offsets all electrical costs, minimizing operating expenses. The owner has recently completed numerous upgrades, including: Fresh exterior paint and stucco edge refinishing New fencing and redesigned desert landscaping Addition of a 45-foot RV parking area Partial exterior drywall repairs New interior paint, lighting, ceiling fans, doors, and locks Drywall work as needed and installation of a new main A/C unit With limited multifamily inventory in this high-demand rental market, this stabilized asset presents a compelling opportunity for investors seeking steady cash flow and long-term growth. Please do not disturb tenants. Contact listing broker for additional information.

FOR SALE DETAILS

PRICE

$574,850 USD

PRICE/SF

$223 USD /SF

# OF UNITS

3

PRICE/UNIT

$191,617

CAP RATE

6.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R3

APN/PARCEL ID

639-221-049

ASK ABOUT THIS PROPERTY

Cameron RawlingsWilson Meade Commercial Real EstateMore Info
760-534-2584

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Cameron RawlingsWilson Meade Commercial Real EstateMore Info
760-534-2584

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.