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
1/17
null | 4.27% Cap Rate

13548 Caliente Dr
Desert Hot Springs, CA 92240


HIGHLIGHTS

  • ** Please reach out to Evan Weiss and/or Elizabeth Clark to obtain the Offering Memorandum ("OM") for 13548 Caliente Drive, Desert Hot Springs, CA 922
  • The property is well managed with great Tenants. Vacancies are very uncommon in this building.
  • 8 units all consisting of 1 Bed/ 1 Bath. 7 units are 700 -/+ SF and 1 unit is 500 -/+ SF

OVERVIEW

** Please reach out to Evan Weiss and/or Elizabeth Clark to obtain the Offering Memorandum ("OM") for 13548 Caliente Drive, Desert Hot Springs, CA 92240. 13548 Caliente Dr presents a compelling multifamily investment opportunity in the heart of Desert Hot Springs, one of the Coachella Valley’s fastest-growing rental markets. This well-located 8-unit apartment community consists entirely of one-bedroom, one-bath units, offering a highly desirable and efficient unit mix for tenants. Situated on a ±0.39-acre lot, the property features approximately ±4,224 square feet of rentable space & benefits from a functional layout with ample parking and a courtyard-style setting. Built in the late 1980s, the asset offers investors the opportunity to capture significant rental upside through repositioning & operational improvements. The property is ideally positioned within close proximity to Palm Springs, Joshua Tree, and major transportation corridors including the I-10 freeway, providing convenient access to employment hubs, retail centers, and recreational destinations. Tenants also benefit from nearby amenities such as local shopping, dining, and community services, contributing to strong rental demand. With its attractive location, straightforward unit mix, and value-add potential, 13548 Caliente Dr represents an excellent opportunity for both seasoned and first-time multifamily investors seeking long-term growth and income in a high-demand desert market.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

4.27%

% 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

1986

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 WeissWeiss CREMore Info
310-633-3808

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Evan WeissWeiss CREMore Info
310-633-3808

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