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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$890,000

Est. payment - /mo

3,200 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $278

MLS Listing ID 260011149

Property Sub-Type Com-Res Income

Property Description

11.0% Cap Rate | 7 Units | Fully Remodeled 2023 | Seller Motivated — Priced to Sell Don't let this one sit on your screen. This 7-unit income property in Desert Hot Springs delivers an 11.0% cap rate at the asking price of $890,000 — and it's already performing. Gross annual rents at full occupancy exceed $122,000, with a net operating income of $98,244 based on current actuals. Unit mix: 4 studios, 1 one-bedroom/one-bath, 2 two-bedroom/one-bath units, plus 1 fully detached unit. Entire property was fully remodeled in 2024 — new everything. Low deferred maintenance, gated private lot on 0.34 acres, driveway parking. Wall furnace heat, wall/window A/C, tile flooring throughout. Priced $41,000 below the Zillow Zestimate of $931,100. At $127,143 per door, this is well below replacement cost for new construction. Cash or 1031 exchange only — ideal as a replacement property for sellers coming out of a larger asset. Seller is motivated and wants a clean, fast close. Bring your buyers. The numbers speak for themselves. Contact Joe Corbisiero | Compass | DRE #01886351 | (760) 201-9252

Location

State CA

County Riverside

Interior

Cooling Heat Pump

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Senior Community No

Tax ID 639322016

Virtual Tour https://www.propertypanorama.com/instaview/snd/260011149

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Listed by Joe Corbisiero, DRE#01886351 Compass

Nearby School & Business

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

11771 upland way Desert Hot Springs, CA 92240

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information