11771 Upland Way - Apartments FOR SALE


Desert Hot Springs, CA 92240
$915,000 USD
760-201-9252
11771 Upland Way, Desert Hot Springs, CA for Sale
$915,000 USD
Apartments - FOR SALE
1/15
null | 9.5% Cap Rate

11771 Upland Way
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • 9.4% Cap Rate – Turnkey 7-Unit Compound | 2024 Full Remodel
  • The property features 7 individual electric meters, a critical operational advantage
  • Priced at $915,000 for a rapid sale, this asset provides over $400,000 in immediate equity compared to market-average cap rates.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$915,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

7

PRICE/UNIT

$130,714

CAP RATE

9.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,377 SF

ZONING

TR, Desert Hot Spgs

APN/PARCEL ID

639-322-016

ASK ABOUT THIS PROPERTY

Joe CorbisieroDream Homes TeamMore Info
760-201-9252

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Joe CorbisieroDream Homes TeamMore Info
760-201-9252

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