13548 Caliente Dr - Apartments FOR SALE


Desert Hot Springs, CA 92240
$1,450,000 USD
310-633-3808
13548 Caliente Dr, Desert Hot Springs, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/12
null | 4.28% Cap Rate

13548 Caliente Dr
Desert Hot Springs, CA 92240


OVERVIEW

3548 Caliente Dr is an 8-unit garden-style apartment community located in the Palm Springs submarket of Desert Hot Springs, California. Built in 1990, the property consists of a single-story, low-rise building totaling approximately 5,120 square feet, with an average unit size of 641 square feet. The community is comprised entirely of one-bedroom units, offering an efficient and consistent unit mix that appeals to the area’s strong renter demand. The property provides covered parking for all eight units and features individual utility metering, allowing residents to pay their own utilities and helping reduce operating expenses for ownership. The property has a walk score of 72, indicating a very walkable location with convenient access to nearby retail, services, and local transportation options. Desert Hot Springs continues to benefit from its proximity to Palm Springs and the broader Coachella Valley, an area known for tourism, hospitality, and steady population growth. With limited vacancy in the immediate submarket and a predominantly workforce renter base, the property presents investors with the opportunity to acquire a stable, income-producing asset with potential for operational improvements and rental upside.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

4.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R3, Desert Hot Sprgs

APN/PARCEL ID

641-251-011

ASK ABOUT THIS PROPERTY

Evan WeissKidder MathewsMore Info
310-633-3808

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Evan WeissKidder MathewsMore Info
310-633-3808

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