Immediate 9.4% Cap Rate on a stabilized, high-cash-flow asset in the Desert Hot Springs opportunity zone. Extensively remodeled in 2024, this 7-unit multi-family property offers a rare combination of modern aesthetics and mechanical efficiency.
The property features 7 individual electric meters, a critical operational advantage in the desert that shifts the highest utility burden—air conditioning—directly to the tenants. The 2024 renovation included updated systems, new finishes, and a private gated perimeter, ensuring zero deferred maintenance for the incoming investor.
Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates.
Investment Highlights:
Superior Yield: Stabilized 9.46% Cap Rate with a 19-21% expense ratio.
Major 2024 Renovation: Turnkey asset with new systems and finishes.
Operational Efficiency: 7 individual electric meters significantly reduce owner-paid utilities.
Gated Perimeter: Enhances security and curb appeal for high-quality tenant retention.
The Property: 11771 Upland Way
Price: $915,000
Units: 7
Status: Fully Remodeled 2024
Net Income: $86,601
Why Invest Here?
Most investors in the Coachella Valley struggle with high utility costs and aging infrastructure. This property solves both. With a 2024 remodel and individual metering, your overhead is locked in while your income is protected by the high demand for modern rentals in the 92240 zip code.
Contact Information:
Joe Corbisiero Compass
License: DRE #01886351